Basics
| Date added Added 2 hours ago | Type Residential Income | Status Active | Area 3528 sq ft |
| Lot size 3600 sq ft | Year built 1929 | View Bay, City Lights, Water | Lease term Month To Month |
| Garage spaces 0 | Listing source MLSL | MLS ID ML82041058 |
Description
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Description:
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.
Location
- County: Monterey
- Directions: Home is on the corner of Pine and 11th.
Building Details
- Architectural style: English
- Parking spaces: 0
- New construction: No
- Heating: Central Forced Air
- Basement: Finished
- Roof: Composition
- Parking: On-street
Video
Amenities & Features
- Waterfront: No
- Garage: No
- Attached garage: No
- Fireplace: No
- Private pool: No
- Cooling: None
- Security features: None
- Utilities: Public Utilities, Water - Public, Individual Electric Meters, Individual Gas Meters
- Amenities:
- Features: