$ 4,985,000
419 Forest AVE Pacific Grove, CA 93950
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$ 4,985,000
Est. payment | /mo
7,679 Sqft Lot
$ 4,985,000
Est. payment | /mo
7,679 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81978779
HOA Y/N No
Year Built 1941
Annual Tax Amount $50,000
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