Pacific Grove, CA 93950,116 2nd ST
Pacific Grove, CA 93950,116 2nd ST
Pacific Grove, CA 93950,116 2nd ST
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$3,500,000
Est. payment /mo
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8 BD
5 BA
4,974 SqFt
Active

116 2nd ST Pacific Grove, CA 93950

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UPDATED:

01/28/2025 06:03 PM

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 4,974 sqft

Price per Sqft $703

MLS Listing ID ML81991724

Bedrooms 8

Full Baths 5

Year Built 1972

Lot Size 6,300 Sqft

Property Sub-Type Five or More Units

Property Description

Nestled in the picturesque city of Pacific Grove, this exceptional six-unit apartment building offers an incredible investment opportunity just steps from the Lover's Point Beach and the renowned Monterey Bay Aquarium. Each unit features 2 bedrooms and 1 bathroom, combining to provide approximately 5,000 square feet of living space on a 6,300-square-foot lot. The kitchens are thoughtfully designed with modern conveniences, ensuring a comfortable living experience. Residents will appreciate the convenience of on-site coin-operated laundry facilities, while the property offers ample parking with six garage spaces. Located within the highly regarded Pacific Grove Unified School District, this property is ideal for tenants seeking quality education for their children and live in a vibrant community. Perfectly positioned within walking distance to the Beaches, Cannery Row, and the Aquarium, this property presents a prime opportunity for investors looking for a potentially lucrative asset in one of California's most sought-after coastal areas.

Location

State CA

County Monterey

Area Central Ave/Downtown

Zoning R3

Rooms

Kitchen Dishwasher, Garbage Disposal, Hood Over Range, Microwave

Interior

Heating Forced Air

Cooling None

Flooring Carpet, Laminate, Tile

Laundry Coin Operated

Exterior

Exterior Feature Balcony / Patio

Parking Features Attached Garage

Garage Spaces 6.0

Community Features None

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

View Ocean

Roof Type Composition

Building

Lot Description Grade - Gently Sloped, Grade - Side Slope

Foundation Concrete Slab, Wood Frame

Sewer Sewer Connected

Water Water On Site

Others

Restrictions None

Tax ID 006-222-004-000

Security Features None

Special Listing Condition Not Applicable


MLSListings Inc. (MLSListings)
Listed by Edward Lujan • Vargestate Inc.

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agent

Ramsin Jacob

Broker | Developer | Investor | NBA Player Agent | License ID: 02003060

+1(408) 909-0900

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116 2nd ST