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,… Read More 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. Read Less
Courtesy of eXp Realty of Northern California, Inc., Jorge Zamora-guerrero 831-713-7254
Listing Snapshot
Days Online
1
Last Updated
Property Type
Multiple Dwellings / Structures
Square Ft.
3,528
Lot Size
0.08 Acres
Year Built
1929
MLS Number
ML82041058
30 Days Snapshot Of 93950
$1.35M
+5%
(avg) sold price
9
+12%
homes sold
63
+75%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
Max Area: 3600.00, Max Area Units: Square Feet
Unit One
3 bedrooms in unit 1, Unit 1: approximately 991 square feet, Unit 1 rent: $3,900
Unit Two
2 bedrooms in unit 2, Unit 2: approximately 790 square feet, Unit 2 rent: $3,500
Unit Three
2 bedrooms in unit 3, Unit 3: approximately 1,043 square feet, Unit 3 rent: $3,500
Accessibility Features
Bathroom Features
Amenities
Walk-in Closet, Wet Bar
Building
Built in 1929, 1 building, English, 3,528 structure square feet
Roof
Composition
Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than the office represented by this website are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. The broker providing this data believes the data to be correct, but advises interested parties to confirm all information before relying on it for a purchase decision. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings last updated on .
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