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Sold for $3,700,000
  • $3,700,000

    Forest Pacificgrove, Pacific Grove, CA 93950

    3beds
    2baths
    7,234sqft
    Five Or More Units, Residential Income
    Built in 1941
    -- sqft lot
    $3,701,800 Zestimate®
    $511/sqft
    $3,488 Estimated rent

    Home value

    $3,701,800

    $3.29M - $4.15M

    $3,488/mo

    Zestimate® history
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    $3,488/mo

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    $23,487/mo

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    $23,487/mo

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    What's special

    A rare opportunity to own a 12-unit complex located in the iconic waterfront city of Pacific Grove. This trophy property provides investors an asset with tremendous presence, character, and scale in the city's most dynamic location. Strategically located in a popular coastal town known for its vibrant tourism and strong rental market, this property is an attractive opportunity for investors seeking both immediate returns and long-term growth. Luxury coastal living with a highly walkable and accessible location close to beaches, recreation trails, everyday shopping, casual restaurants, and world class attractions Unit amenities include hardwood floors, high ceilings, and spacious floor plans. Unique architectural design, provides large windows allowing plenty of natural light, spacious closets, and efficient layouts. Attractive to long-term tenants, residents can enjoy incredible access to neighborhood amenities and transportation. Property within walking distance to the Pacific Grove Unified School District (Pacific Grove High School, Pacific Grove Middle School, Robert Down Elementary School, and Forest Grove Elementary School). Investors seeking a product and location that is irreplaceable, with value-add potential, will strongly consider this once in a lifetime investment.

    Zillow last checked:

    Listing updated:

    Listed by:

    Marielena Carriglio 01745757 831-915-4675,

    Coast Realty and Property Management 831-915-4675

    Bought with:

    Conor Brennan, 01918598

    Marcus & Millichap

    Source: MLSListings Inc,MLS#: ML82002686MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    Kitchen
    • Features: Countertop_Formica
    Heating
    • Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Cooktop, Gas Oven
    • Laundry: Coin Operated
    Features
    • Flooring: Hardwood, Laminate, Tile, Unfinished, Vinyl Linoleum
    • Doors: None
    Interior area
    • Total structure area: 7,234
    • Total interior livable area: 7,234 sqft

    Property

    Parking
    • Parking features: Carport, Covered
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 7,666 Square Feet
    Details
    • Parcel number: 006482004000
    • Zoning: R-4
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Concrete Perimeter
    • Roof: TarGravel
    Condition
    • Year built: 1941

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & HOA

    Location
    • Region: Pacific Grove

    Financial & listing details

    • Price per square foot: $511/sqft
    • Date on market: 4/15/2025
    • Listing agreement: ExclusiveRightToSell
    • Inclusions: OvenRangeAllUnits
    • Lease term: 12 Months

    Price history

    DateEventPrice
    8/11/2025Sold$3,700,000-6.3%$511/sqft
    Source: MLSListings Inc #ML82002686 Report a problem
    7/17/2025Pending sale$3,950,000$546/sqft
    Source: MLSListings Inc #ML82002686 Report a problem
    6/25/2025Contingent$3,950,000$546/sqft
    Source: MLSListings Inc #ML82002686 Report a problem
    6/19/2025Listed for sale$3,950,000$546/sqft
    Source: MLSListings Inc #ML82002686 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Third Addition

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: RobertDownElementary
    • Middle: PacificGroveMiddle
    • High: PacificGroveHigh
    • 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
    $3,701,800
    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
    $3,701,800