Charming multi-unit property in Pacific Grove, the last hometown.
Discover a unique investment opportunity in one of the most picturesque locations on the California coast. This well-maintained multi-unit property offers the perfect blend of beachside living and rental income potential.
Features:
Location: Just a short stroll from the beach in the desirable Pacific Grove area.
Units: 3 separate units providing versatile living and rental options.
Unit 1: Spacious 2-bedroom, 1-bathroom ideal for living comfortably while enjoying coastal views.
Unit 2: Cozy 2-bedroom, 1-bathroom perfect for generating rental income.
Unit 3: Charming 1-bedroom, 1-bathroom another excellent source of rental income.
Highlights:
Income Potential: Live in one unit and rent out the other two to maximize your investment.
Investment Opportunity:
Multi use, residential/commercial opportunities .
Reason to Love :
Pacific Grove is known for its serene environment, charming neighborhoods, and close-knit community. This property offers a unique chance to experience all the perks of coastal living while leveraging rental income to offset your living expenses.
Enjoy the convenience of walking a few blocks to the beautiful Pacific Grove coastline.
Send us an offer!
Sold for $1,750,000
$1,750,000
718 Forest Ave, Pacific Grove, CA 93950
5beds
3baths
2,493sqft
Triplex, Residential Income
Built in 1950
-- sqft lot
$1,290,400 Zestimate®
$702/sqft
$3,803 Estimated rent
Home value
$1,290,400
$1.02M - $1.60M
$3,803/mo
Zestimate® history
Owner options
List your home for rent
$3,803/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$3,803/mo
Rent Zestimate®
Refinance and save
$10,900/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$10,900/mo
Est. payment
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List your homeWhat's special
Coastal views
Zillow last checked:
Listing updated:
Listed by:
Patrick John McEldowney 01443630 831-869-8153,
CENTURY 21 Masters 831-648-7271
Bought with:
Patrick John McEldowney, 01443630
CENTURY 21 Masters
Source: MLSListings Inc,MLS#: ML81974910
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Kitchen
- Features: Countertop_Laminate, Countertop_SolidSurfceCorian, VariesbyUnit
Heating
- Fireplace(s), Gas, Wall Furnace
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Cooktop, Gas Cooktop, Dishwasher, Refrigerator
Features
- Flooring: Hardwood, Vinyl Linoleum
- Windows: Skylight(s)
Interior area
- Total structure area: 2,493
- Total interior livable area: 2,493 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached
- Garage spaces: 3
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Features
- Stories: 2
Lot
- Size: 5,200 sqft
Details
- Parcel number: 006547011000
- Zoning: R4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Residential Income
Materials
- Foundation: Slab, Crawl Space, Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 1950
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters
Community & neighborhood
Location
- Region: Pacific Grove
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 2/19/2025 | Sold | $1,750,000-22.2%$702/sqft |
Source:  MLSListings Inc #ML81974910 Report a problem | ||
| 2/12/2025 | Pending sale | $2,250,000$903/sqft |
Source: MLSListings Inc #ML81974910 Report a problem | ||
| 9/17/2024 | Price change | $2,250,000-25%$903/sqft |
Source: MLSListings Inc #ML81974910 Report a problem | ||
| 9/5/2024 | Listed for sale | $3,000,000$1,203/sqft |
Source: MLSListings Inc #ML81974910 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,516 +5.1% | $1,591,811 +2% |
| 2024 | $16,674 -1.3% | $1,560,600 +2% |
| 2023 | $16,900 +2.1% | $1,530,000 +2% |
| 2022 | $16,558 +240.4% | $1,500,000 +248.3% |
| 2021 | $4,865 +2% | $430,640 +1% |
| 2020 | $4,768 +3.2% | $426,225 +2% |
| 2019 | $4,618 +2% | $417,869 +2% |
| 2018 | $4,529 +1.7% | $409,677 +2% |
| 2017 | $4,455 -0.2% | $401,646 +2% |
| 2016 | $4,463 +3.8% | $393,772 +1.5% |
| 2015 | $4,300 | $387,858 +2% |
| 2014 | $4,300 | $380,262 +2.5% |
| 2012 | -- | $371,122 +2% |
| 2011 | -- | $363,846 +0.8% |
| 2010 | -- | $361,127 +1.8% |
| 2009 | -- | $354,889 |
| 2008 | -- | $354,889 +2% |
| 2007 | -- | $347,931 +2% |
| 2006 | -- | $341,109 +2% |
| 2005 | -- | $334,422 +2% |
| 2004 | -- | $327,866 +1.9% |
| 2003 | -- | $321,858 +2% |
| 2002 | -- | $315,548 +2% |
| 2001 | $3,140 | $309,362 +2% |
| 2000 | -- | $303,296 |
Find assessor info on the county website
Neighborhood: Fifth Addition
Nearby schools
GreatSchools rating
- 8/10Robert Down Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Pacific Grove Middle SchoolGrades: 6-8Distance: 0.1 mi
- 10/10Pacific Grove High SchoolGrades: 9-12Distance: 0.4 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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Estimated market value
$1,290,400
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
$1,290,400
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