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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Jorge Zamora-guerrero • eXp Realty of Northern California, Inc., DRE#02213220

$ 2,399,000

Est. payment | -/mo

7 Beds

3 Baths

3,528 SqFt

Save Virtual Tour

$ 2,399,000

Est. payment | -/mo

Save Virtual Tour

7 Beds

3 Baths

3,528 SqFt

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 3,528 sqft

Price per Sqft $679

MLS Listing ID ML82041058

Style English

Bedrooms 7

Full Baths 3

Year Built 1929

Lot Size 3,600 Sqft

Property Sub-Type Multiple Dwellings / Structures

Property 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

State CA

County Monterey

Area Forest Ave/Pine Ave

Zoning Multi Family Dwelling

Rooms

Other Rooms Basement - Finished, Office Area, Storage

Kitchen Countertop - Formica, Countertop - Granite, Countertop - Tile, Dishwasher, Garbage Disposal, Oven Range - Electric, Oven Range - Gas, Pantry, Refrigerator

Interior

Heating Central Forced Air

Cooling None

Flooring Carpet, Hardwood, Laminate

Laundry Washer / Dryer

Exterior

Parking Features On Street

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View Bay, City Lights, Water

Roof Type Composition

Building

Lot Description Grade - Mostly Level

Story 3

Foundation Concrete Perimeter and Slab, Crawl Space

Sewer Sewer - Public

Water Public

Level or Stories 3

Others

Tax ID 006-269-006-000

Miscellaneous Walk-in Closet ,Wet Bar

Security Features None

Horse Property No

Special Listing Condition Not Applicable

Virtual Tour https://unbranded.youriguide.com/410_pine_ave_pacific_grove_ca/

Nearby School & Business

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA, 94030, United States

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410 Pine AVE Pacific Grove, CA 93950