Residential Income in Pacific Grove

$2,199,000

410 Pine Avenue, 93950, Pacific Grove, CA

Residential Income for sale in Pacific Grove, 410 Pine Avenue, 93950, 3528 m²

410 Pine Avenue, 93950, Pacific Grove, CA

$2,199,000

3528
Type: Residential Income

Description

Investor Special | Prime Location Near Downtown Pacific Grove One of the strongest rent rolls for a triplex on the Monterey Peninsula this rare multi-unit property is just blocks from downtown and presents an outstanding opportunity in one of the Monterey Peninsulas most desirable rental markets. With rental income near $11, 000/month, it offers strong in-place cash flow with long-term upside. Featuring three separate units, each with private entrance, kitchen, bedrooms, bathroom, laundry, and separate metering ideal for flexible rental strategies and income stability. Interior access between levels adds additional versatility. Recent updates include improvements to the sewer lateral, appliances, flooring, lighting, water softner system, tesla level 2 charger, water heaters. Outdoor spaces with deck, lawn, and entertaining areas further enhance tenant appeal. Minutes from Cannery Row and Monterey Bay Aquarium. Estimated ~5 % cap rate (buyer to verify). Ideal for investors or 1031 exchange buyers seeking a well-located, income-producing coastal asset.

Location

410 Pine Avenue, 93950, Pacific Grove, CA

Data

Object TypeResidential Income
Purchase Price$2,199,000
Living Space3528 m²
Plot Size334.45 m²
BathroomsN/A
Construction Year1929
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeForced Air
Primary Energy SourceN/A
Construction Year1929
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent