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Listed by eXp Realty of Northern California, Inc.
$ 2,199,000
Est. payment /mo
Active
410 Pine Avenue Pacific Grove, CA 93950
3,528 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,528 sqft
Price per Sqft $623
MLS Listing ID ML82041058
HOA Y/N No
Year Built 1929
Lot Size 3,600 Sqft
Property Sub-Type OTHER
Source Datashare MLSListings
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
Interior
Heating Forced Air
Cooling No Air Conditioning
Flooring Hardwood, Laminate
Fireplace No
Exterior
View Bay, City Lights, Water
Building
Water Public
Schools
School District Pacific Grove Unified, Pacific Grove Unified