419 Forest Avenue
Pacific Grove, CA 93950
0.18 acres | #ML81978779
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.
Property Details
- Property SubtypeCommercialSale
- Middle SchoolPacific Grove
- High SchoolPacific Grove
- Original List Price$4,985,000
- MLS #ML81978779
- MLS #ML81978779
- Property TypePurchase
- CountyMonterey
- Taxes Annual$50,000
- Cost4985000
- Acres0.1763
- Utility SourcePublic
- School DistrictOther
- Elementary SchoolOther
- Year Built1941
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Marielena Carriglio (#ML5080406)
Listing Office: Coast Realty and Property Management (#ML5015446)
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