Property Details
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.
MLS Listing Information
MLS #
ML82041058
MLS Source
MLSListings, Inc.
Days on Site
1
Interior Features
Kitchen
Countertop - Formica, Countertop - Granite, Countertop - Tile, Pantry
Appliances
Dishwasher, Garbage Disposal, Oven Range - Electric, Oven Range - Gas, Refrigerator, Washer/Dryer
Flooring
Carpet, Hardwood, Laminate
Cooling
None
Heating
Central Forced Air
Exterior Features
Roof
Composition
Foundation
Crawl Space, Concrete Perimeter and Slab
Style
English
Parking, School, and Other Information
Garage/Parking
On Street, Garage: 0 Car(s)
Elementary District
Pacific Grove Unified
High School District
Pacific Grove Unified
Sewer
Public Sewer
E.V. Hookup
Electric Vehicle Hookup Level 2 (240 volts)
Water
Public
Zoning
Multi Family Dwelling
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 2 | – |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 991 | 3 | 1/0 | $3,900 |
| 2 | 790 | 2 | 1/0 | $3,500 |
| 3 | 1,043 | 2 | 1/0 | $3,500 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
410 Pine Ave is a Residential Income in Pacific Grove, CA 93950. This 3,528 square foot property sits on a 3,600 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,399,000 and was built in 1929. This address can also be written as 410 Pine Ave, Pacific Grove, CA 93950.
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This listing information is up-to-date as of April 01, 2026. For the most current information, please contact Jorge Zamora-guerrero, (831) 713-7254
