419 Forest AVE, Pacific Grove, CA 93950 - MLS#ML82002686

April Tavares

Realtor, IT Team CoFounder | License ID: DRE 01742179

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Listed by Marielena Carriglio • Coast Realty and Property Management
Bought with Conor Brennan

$ 3,700,000

$ 3,950,000 6.3%

Est. payment | -/mo

3 Beds

2 Baths

7,234 SqFt

$ 3,700,000

$ 3,950,000 6.3%

Est. payment | -/mo

3 Beds

2 Baths

7,234 SqFt

Key Details

Sold Price $3,700,000

Property Type Commercial

Sub Type Five or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 7,234 sqft

Price per Sqft $511

MLS Listing ID ML82002686

Bedrooms 3

Full Baths 2

Year Built 1941

Lot Size 7,680 Sqft

Property Sub-Type Five or More Units

Property Description

A rare opportunity to own a 12-unit complex located in the iconic waterfront city of Pacific Grove. This trophy property provides investors an asset with tremendous presence, character, and scale in the city's most dynamic location. Strategically located in a popular coastal town known for its vibrant tourism and strong rental market, this property is an attractive opportunity for investors seeking both immediate returns and long-term growth. Luxury coastal living with a highly walkable and accessible location close to beaches, recreation trails, everyday shopping, casual restaurants, and world class attractions Unit amenities include hardwood floors, high ceilings, and spacious floor plans. Unique architectural design, provides large windows allowing plenty of natural light, spacious closets, and efficient layouts. Attractive to long-term tenants, residents can enjoy incredible access to neighborhood amenities and transportation. Property within walking distance to the Pacific Grove Unified School District (Pacific Grove High School, Pacific Grove Middle School, Robert Down Elementary School, and Forest Grove Elementary School). Investors seeking a product and location that is irreplaceable, with value-add potential, will strongly consider this once in a lifetime investment.

Location

State CA

County Monterey

Area Forest Ave/Pine Ave

Zoning R-4

Rooms

Kitchen Cooktop - Gas, Countertop - Formica, Oven - Gas, Refrigerator

Interior

Heating Wall Furnace

Cooling None

Flooring Hardwood, Laminate, Tile, Unfinished, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Exterior Feature Drought Tolerant Plants, Low Maintenance, Sprinklers - Auto, Storage Shed / Structure

Parking Features Carport , Covered Parking

Utilities Available Public Utilities

View City Lights, Ocean

Roof Type Tar and Gravel

Building

Foundation Concrete Perimeter

Sewer Sewer - Public

Water Public

Others

Special Listing Condition Not Applicable

+1(408) 309-5471

april@apriltavares.com

419 Forest AVE Pacific Grove, CA 93950

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Key Details

Location

Rooms

Interior

Exterior

Building

Others

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