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$2,600,000
Est. payment /mo
9,099 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82065741
HOA Y/N No
Year Built 1958
Annual Tax Amount $23,050
Lot Size 9,099 Sqft
Property Description
Exceptional investment opportunity in the highly desirable Pacific Grove market! This impressive property features five beautifully appointed 2-bedroom units, comprised of a fourplex plus a newly added ADU, offering excellent flexibility for investors or owner-occupants. Each unit features amazing finishes, private garages, and large decks, creating an attractive combination of comfort, functionality, and rental appeal. Ideally situated on Lighthouse Avenue just a short walk from Downtown Pacific Grove, the ocean, Pacific Grove Golf Course, the scenic bike path, and more, this property places tenants within easy reach of the best the area has to offer. Capitalize on strong cash-flow potential and long-term appreciation in one of the Monterey Peninsula's most desirable communities, or live in one unit while the remaining four units help carry the expense. With its prime location, versatile unit mix, quality finishes, and proximity to downtown, the coastline, recreation, and local amenities, this is a must-see opportunity in the heart of Pacific Grove.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R3
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Roof Type Tar/Gravel
Building
Water Public
Schools
Elementary Schools Other
Middle Schools Pacific Grove
High Schools Pacific Grove
School District Other
Others
Tax ID 006134014000
Special Listing Condition Standard
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Listed by The C Group Real Brokerage Technologies #70010221
Nearby Locations
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