In the heart of Pacific Grove sits a rare multi-unit opportunity. With just a short distance to Lovers Point Beach and blocks to restaurants, you are arguably in the perfect spot for all the best things PG has to offer. This four-unit property includes a penthouse with 3 bedrooms, 2 bathrooms, a private laundry, and a lovely deck with ocean views. The remaining three units each offer 2 bedrooms, 1 bathroom, and shared laundry area, along with peeks of bay from inside the units. Each unit also enjoys its own private garage. So come, live in your penthouse while generating income from the additional units and get your mortgage paid for, or jump on this amazing investment opportunity in Butterflytown USA.
Under contract
$2,639,000
116 16th St, Pacific Grove, CA 93950
9beds
5baths
4,120sqft
Quadruplex, Residential Income
Built in 1973
-- sqft lot
$2,489,400 Zestimate®
$641/sqft
$-- HOA
What's special
Private laundryShared laundry area
- 51 days |
- 387 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Lucie Campos 01345594 831-596-6118,
Coldwell Banker Realty 831-626-2224
Source: MLSListings Inc,MLS#: ML82046627
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 5
Kitchen
- Features: ExhaustFan
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Electric Cooktop, Exhaust Fan, Freezer, Disposal, Range Hood, Electric Oven, Refrigerator, Washer/Dryer Some Units
- Laundry: Coin Operated
Features
- Doors: None
Interior area
- Total structure area: 4,120
- Total interior livable area: 4,120 sqft
Property
Parking
- Total spaces: 4
- Parking features: Assigned, Attached, Parking Area
- Garage spaces: 4
- Has carport: Yes
Accessibility
- Accessibility features: None
Features
- Has view: Yes
- View description: Bay, Ocean
- Has water view: Yes
- Water view: Bay,Ocean
Lot
- Size: 4,200 Square Feet
Details
- Parcel number: 006154007000
- Zoning: Multi Family Dwelling
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Residential Income
Materials
- Foundation: Slab
- Roof: Mansard, Polyurethane
Condition
- Year built: 1973
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Pacific Grove
Financial & listing details
- Price per square foot: $641/sqft
- Tax assessed value: $2,067,250
- Annual tax amount: $22,000
- Date on market: 5/11/2026
- Listing agreement: ExclusiveAgency
- Inclusions: Building, DishwasherSomeUnits, Land, OvenRangeAllUnits
- Lease term: 12 Months
Estimated market value
$2,489,400
$2.36M - $2.61M
$3,260/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Contingent | $2,639,000$641/sqft |
Source:  MLSListings Inc #ML82046627 Report a problem | ||
| 5/11/2026 | Listed for sale | $2,639,000$641/sqft |
Source: MLSListings Inc #ML82046627 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $22,725 +3% | $2,067,250 |
| 2024 | $22,063 -0.1% | $2,067,250 +3.2% |
| 2023 | $22,085 +8.1% | $2,002,250 +8.1% |
| 2022 | $20,428 -1.4% | $1,852,250 |
| 2021 | $20,727 +9.8% | $1,852,250 +8.8% |
| 2020 | $18,874 +1.3% | $1,702,250 |
| 2019 | $18,636 +13.2% | $1,702,250 +13.3% |
| 2018 | $16,459 +10.6% | $1,502,250 +11.1% |
| 2017 | $14,883 +5.5% | $1,352,250 +8% |
| 2016 | $14,102 +31.3% | $1,252,250 +8.7% |
| 2015 | $10,738 | $1,152,250 +21% |
| 2014 | $10,738 | $952,250 +5.5% |
| 2012 | -- | $902,250 |
| 2011 | -- | $902,250 -44.2% |
| 2010 | -- | $1,616,721 |
| 2009 | -- | $1,616,721 -12.1% |
| 2008 | -- | $1,838,250 +328.9% |
| 2007 | -- | $428,573 +2% |
| 2006 | -- | $420,214 +2% |
| 2005 | -- | $412,019 +128% |
| 2004 | -- | $180,720 +3.2% |
| 2003 | -- | $175,200 +2% |
| 2002 | -- | $171,766 +0.7% |
| 2001 | $1,716 | $170,649 +3.4% |
| 2000 | -- | $165,097 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Pacific Grove Retreat
Nearby schools
GreatSchools rating
- 8/10Robert Down Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Pacific Grove Middle SchoolGrades: 6-8Distance: 0.7 mi
- 10/10Pacific Grove High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- District: PacificGroveUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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