618 Forest Ave

Pacific Grove, CA 93950

  • 8 Bed(s)
  • 8 Bath(s)
  • 0 Sqft
  • 5200
    Sqft(Lot)
$2,480,000

Description

Discover this exceptional 4-unit multifamily building offering a lucrative income potential of over $12,000 per month. each unit features a spacious 2-bedroom, 1.5-bathroom townhouse-style layout, perfect for rental income or owner-occupied living with the advantage of rental income covering expenses. enjoy the convenience of separate electrical and gas meters for each unit, providing flexibility and ease of management. the property includes 4 covered carports, ensuring ample parking for residents. additionally, benefit from a ready-to-pull 788 sqft adu plan, adding significant value and expanding rental opportunities. located in a prime area with a strong renter pool, this property is ideal for long-term rentals or exploring airbnb options. situated in a great school district and within walking distance to amenities, including shops, restaurants, parks, and public transportation, this multifamily investment offers both convenience and potential for strong rental demand. don’t miss out on this rare opportunity to own a multifamily investment in a sought-after location. schedule a showing today and unlock the potential of this lucrative investment! vacant unit open house sat & sun 1-4pm.

  • Property Type

    Residential Income

  • County

    Monterey

  • Style

    Residential Income

  • AD ID

    50436373

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Interior Features

    • Roof : Shingle
    • Property Appliances: Washer
    • Flooring: Carpet,Tile,Vinyl

    Cooling Features

    • See Remarks
    • Air Conditioning

    Heating Source

    • Forced Air
    • Has Heating

  • Building Information

    • Year Built: 1972
    • Construction: Stucco
    • Roof: Shingle

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1194
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 5200

  • Listing Price Information

    • Original List Price: 2,480,000
    • Listing Contract Date: 2025-07-16

    Lease Information

  • Tax Information

    • Parcel Number: 006542007000

  • Garage and Parking

    • Garage Description: Carport

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Directions: GPS Cross Street: Gibson.
    • Source Property Type: Residential Income
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 53
    • Structure Type: Quadruplex
    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 07/19/2025 @ 17:51

  • MLS: 41105045
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 0 sqft, 5,200 sized lot, and 0 parking. are nearby neighborhoods.