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David Lucas

[email protected] +1(650) 399-0121

$ 4,985,000

Est. payment -/mo

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Open Sat 1PM-3PM

419 Forest AVE Pacific Grove, CA 93950

3 Beds

2 Baths

7,234 SqFt

OPEN HOUSE

Sat Nov 23, 1:00pm - 3:00pm

Sun Nov 24, 1:00pm - 3:00pm

UPDATED:

11/19/2024 06:55 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 7,234 sqft

Price per Sqft $689

MLS Listing ID ML81978779

Bedrooms 3

Full Baths 2

Year Built 1941

Lot Size 7,680 Sqft

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

Garage 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

Restrictions None

Tax ID 006-482-004-000

Miscellaneous High Ceiling ,Walk-in Closet

Security Features None

Special Listing Condition Not Applicable

Listed by Marielena Carriglio • Coast Realty and Property Management

David Lucas

Agent | License ID: 02114304

+1(650) 399-0121

David Lucas

419 Forest AVE Pacific Grove, CA 93950

OPEN HOUSE

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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419 Forest AVE