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Sold for $2,639,000
  • $2,639,000

    116 16th St, Pacific Grove, CA 93950

    9beds
    5baths
    4,120sqft
    Quadruplex, Residential Income
    Built in 1973
    -- sqft lot
    $2,642,000 Zestimate®
    $641/sqft
    $3,272 Estimated rent

    Home value

    $2,642,000

    $2.27M - $3.09M

    $3,272/mo

    Zestimate® history
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    $3,272/mo

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    $16,861/mo

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    $16,861/mo

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    What's special

    Private laundryShared laundry area
    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.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lucie Campos 01345594 831-596-6118,

    Coldwell Banker Realty 831-626-2224

    Bought with:

    Nicolas Bokides, 01851351

    Bokides-Hesseltine Real Estate

    Source: MLSListings Inc,MLS#: ML82046627MLS Logo

    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

    Price history

    DateEventPrice
    7/8/2026Sold$2,639,000$641/sqft
    Source: MLSListings Inc #ML82046627 Report a problem
    6/10/2026Contingent$2,639,000$641/sqft
    Source: MLSListings Inc #ML82046627 Report a problem
    5/11/2026Listed for sale$2,639,000$641/sqft
    Source: MLSListings Inc #ML82046627 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $2,067,250
    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

    Neighborhood: Pacific Grove Retreat

    Nearby schools

    GreatSchools rating
    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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    Estimated market value
    $2,642,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $2,642,000