$2,480,000

618 Forest Avenue, Pacific Grove, CA 93950

  • 3,737 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1972
  • Property Lot Size Icon5,201sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $664/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Rare offering in prime Pacific Grove within the highly regarded Pacific Grove Unified School District.* Fully occupied fourplex with $12,280 in monthly gross income and strong rental fundamentals. Ideal for an owner-occupant to live in one unit and rent three, or hold as a pure income asset. All units are refreshed with in-unit washer-dryer combos and kitchen appliances, and most kitchens and baths are renovated. On-site parking includes four covered carports. Clear value-add: approx. 788 sq ft ADU plan already City-approved and Water Credits purchased. Walkable to shops, dining, parks, beach, and transit. Please do not disturb occupants.

Listing Status:
Active
Date Added:
September 24, 2025 at 05:00AM
Listing Office:
Compass : (831) 318-0150
Listing Agent:
Chi-Ping Shih : 240-672-2588
MLS ID:
ML82022645
  • A/C: None
  • Heating: Forced Air
  • Disability Feature: Parking
  • Parking: CarportParking spaces: 2
  • Roofing: Composition
  • General: 2Slab
  • Originating MLS: CRMLS_MLSL
  • School District: Other
  • County: Monterey
  • Zoning: Residential 1-4006542007000
  • Water: Public
  • Sewer: Public Sewer
  • Source: CRMLS_MLSL

This listing courtesy of Chi-Ping Shih, Compass

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Robert Down Elementary School

485 Pine Ave, Pacific Grove, CA, 93950

Grades KG-5

0.21 miles away

P

Pacific Grove Middle School

835 Forest Ave, Pacific Grove, CA, 93950

Grades 6-8

0.14 miles away

P

Pacific Grove High School

615 Sunset Dr, Pacific Grove, CA, 93950

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.