About 410 Pine Ave
Investor Special | Prime Location Near Downtown Pacific Grove One of the strongest rent rolls for a triplex on the Monterey Peninsula this rare multi-unit property is just blocks from downtown and presents an outstanding opportunity in one of the Monterey Peninsulas most desirable rental markets. With rental income near $11,000/month, it offers strong in-place cash flow with long-term upside. Featuring three separate units, each with private entrance, kitchen, bedrooms, bathroom, laundry, and separate metering ideal for flexible rental strategies and income stability. Interior access between levels adds additional versatility. Recent updates include improvements to the sewer lateral, appliances, flooring, lighting, water softner system, tesla level 2 charger, water heaters. Outdoor spaces with deck, lawn, and entertaining areas further enhance tenant appeal. Minutes from Cannery Row and Monterey Bay Aquarium. Estimated ~5 % cap rate (buyer to verify). Ideal for investors or 1031 exchange buyers seeking a well-located, income-producing coastal asset.
Features of 410 Pine Ave
| MLS® # | ML82041058 |
|---|---|
| Price | $2,199,000 |
| Square Footage | 3,528 |
| Square Footage | Other |
| Acres | 0.08 |
| Year Built | 1929 |
| Type | Multi-Residential |
| Sub-Type | Multiple Dwellings / Structures |
| Style | English |
| Status | Active |
Community Information
| Address | 410 Pine Ave |
|---|---|
| Area | Forest Ave/Pine Ave |
| City | PACIFIC GROVE |
| County | Monterey |
| State | CA |
| Zip Code | 93950 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters, Public Utilities |
|---|---|
| Garages | On Street |
| View | Bay, City Lights, Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central Forced Air |
|---|---|
| Cooling | None |
| Fireplace | No |
| # of Stories | 3 |
Exterior
| Lot Description | Grade - Mostly Level |
|---|---|
| Roof | Composition |
| Foundation | Concrete Perimeter and Slab, Crawl Space |
Additional Information
| Zoning | Multi Family Dwelling |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | eXp Realty of Northern California, Inc. |
|---|---|
| Contact Info | 831-713-7254 |