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$3,950,000

Est. payment - /mo

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7,679 Sqft Lot

Active Under Contract

419 Forest AVE Pacific Grove, CA 93950

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

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Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID ML82002686

HOA Y/N No

Year Built 1941

Annual Tax Amount $39,500

Lot Size 7,679 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 699 - Not Defined

Zoning R-4

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 6

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 006482004000

Special Listing Condition Standard

Listed by Marielena Carriglio Coast Realty and Property Management

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