CA > Pacific Grove
Pacific Grove, CA 93950,618 Forest Ave
Pacific Grove, CA 93950,618 Forest Ave
Pacific Grove, CA 93950,618 Forest Ave
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,480,000
Est. payment /mo
5,201 Sqft Lot
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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 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

Read Less Info
CRMLS – RECore
Listed by Leo Zhang Re/Max Accord

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