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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Listed by Leo Zhang • Re/Max Accord
$2,480,000
Est. payment /mo
3,737 SqFt
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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,737 sqft

Price per Sqft $663

MLS Listing ID 41105045

HOA Y/N No

Year Built 1972

Lot Size 5,200 Sqft

Property Sub-Type Quadruplex

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

Interior

Heating Forced Air

Cooling Other

Flooring Tile, Vinyl, Carpet

Fireplace No

Appliance Washer

Building

Lot Description Level


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Bay East AOR and Contra Costa AOR

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agent

Deeana Owens

+1(678) 250-3471

Broker | Owner | CA BRE#CA: 02015510, GA: 295613

Broker | Owner CA BRE#CA: 02015510, GA: 295613

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