58
See all 58 photos
$2,480,000
Est. payment /mo
5,201 Sqft Lot
Open Sat 1PM-4PM
618 Forest Ave Pacific Grove, CA 93950
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
OPEN HOUSE
Sat Jul 19, 1:00pm - 4:00pm
Sun Jul 20, 1:00pm - 4:00pm
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 41105045
HOA Y/N No
Year Built 1972
Lot Size 5,201 Sqft
Property Sub-Type Quadruplex
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
Interior
Heating Forced Air
Cooling See Remarks
Flooring Carpet, Tile, Vinyl
Fireplace No
Appliance Washer
Exterior
Parking Features Carport
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description Back Yard, Street Level
Sewer Public Sewer
Others
Tax ID 006542007000
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Leo Zhang Re/Max Accord