410 Pine Avenue, Pacific Grove, CA 93950
List Price: $2.25M
Listing Status: Active
Original List Price: $2.4M
0Days on Market: 78
0 Bedrooms · 0 Bathrooms · 3,528 sq ft
Property Type: ResidentialIncome
Year Built: 1929
Lot Size: 3,600 sq ft
Annual Property Tax: $21,276
MLS Number: ML82041058
About This Property
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.
Listing provided by: Jorge Zamora-guerrero DRE #02213220 (888) 832-7179 jorge.zamora-guerrero@exprealty.com, eXp Realty of Northern California, Inc.
Source: CRMLS, MLS #: ML82041058
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.