419 Forest Ave, PACIFIC GROVE, CA

$4,985,000

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7,234

Square feet

0.18

Acres

About 419 Forest Ave

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.

Features of 419 Forest Ave

MLS® # ML81978779
Price $4,985,000
Square Footage 7,234
Acres 0.18
Year Built 1941
Type Multi-Residential
Sub-Type Five or More Units
Status Active

Community Information

Address 419 Forest Ave
Area Pacific Grove - E
City PACIFIC GROVE
County Monterey
State CA
Zip Code 93950

Amenities

Utilities Public Utilities
View Ocean View, City Lights
Is Waterfront No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No

Exterior

Roof Tar and Gravel Roof
Foundation Concrete Perimeter

Additional Information

Zoning R-4
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentMarielena Carriglio
OfficeCoast Realty and Property Management
Contact Info831-915-4675

Listing Map

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