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Listed by Leo Zhang • Re/Max Accord
$2,480,000
Est. payment /mo
8 Beds
2 Baths
3,737 SqFt
Open Sat 1PM-4PM
618 Forest Ave Pacific Grove, CA 93950
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OPEN HOUSE
Sat Jul 19, 1:00pm - 4:00pm
Sun Jul 20, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,737 sqft
Price per Sqft $663
MLS Listing ID BE41105045
Bedrooms 8
Year Built 1972
Lot Size 5,200 Sqft
Property Sub-Type Fourplex
Source Bay East
Property Description
Discover this exceptional 4-unit multifamily building offering a lucrative income potential of over $12,000 per month. Each unit features a spacious 2-bedroom, 1.5-bathroom townhouse-style layout, perfect for rental income or owner-occupied living with the advantage of rental income covering expenses. Enjoy the convenience of separate electrical and gas meters for each unit, providing flexibility and ease of management. The property includes 4 covered carports, ensuring ample parking for residents. Additionally, benefit from a ready-to-pull 788 sqft ADU plan, adding significant value and expanding rental opportunities. Located in a prime area with a strong renter pool, this property is ideal for long-term rentals or exploring Airbnb options. Situated in a great school district and within walking distance to amenities, including shops, restaurants, parks, and public transportation, this multifamily investment offers both convenience and potential for strong rental demand. Don't miss out on this rare opportunity to own a multifamily investment in a sought-after location. Schedule a showing today and unlock the potential of this lucrative investment! Vacant unit open house Sat & Sun 1-4pm.
Location
State CA
County Monterey
Area Forest Ave/Pine Ave
Interior
Heating Forced Air
Cooling Other
Flooring Tile, Vinyl, Carpet - Wall to Wall
Laundry Other, Washer
Exterior
Exterior Feature Stucco
Parking Features Parking Area
Garage Spaces 4.0
Roof Type Composition
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 006-542-007000
Special Listing Condition New, Not Applicable
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