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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.

LAST UPDATED 4/15/2025 YEAR BUILT 1941
COUNTY Monterey STATUS Active
PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Robert Down Elementary
Jr. High School Pacific Grove Middle
High School Pacific Grove High


ADDITIONAL DETAILS
APPLIANCES Cooktop, Oven, Refrigerator
LOT 7680 sq ft
LOT DIMENSIONS 7680.00
SEWER Public Sewer
VIEW Yes
VIEW DESCRIPTION Ocean
WATER Public
ZONING R-4
Listed by Marielena Carriglio | 831-915-4675, Coast Realty and Property Management

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.

 

Based on information from MLSListings MLS as of 5/9/25 8:17 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Copyright 2025 MLSListings Inc. All rights reserved.

This IDX solution is (c) Diverse Solutions 2025.


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