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    618 Forest Ave Pacific Grove, CA 93950

    For Sale
    $2,480,000

    Fourplex - PACIFIC GROVE, CA

    Property size:
    3,737 SF
    Lot size:
    0.12 Acres
    Days on Market:
    74
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 618 Forest Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential 1-4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Parking
    2
    Parking features
    Carport, On Street
    Interior features
    Parking
    Exterior features
    Security Fence
    Fencing
    Fenced
    Size
    3,737 SF
    Lot size
    0.12 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1972
    Number of units
    4
    Roof type
    Composition
    Architectural style
    Other

    Compass (212) 913-9058 [email protected]

    Listing agent Chi-Ping Shih (831) 318-0150 License #02088341

    Listing date Sep 24, 2025

    MLS# ML82022645 Listing URL

    Copyright © 2025 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Pacific Grove Fourplex with ADU Potential

    This is a rare fourplex property located in Pacific Grove, California, within the Pacific Grove Unified School District. The property is fully occupied and generates a monthly gross income of $12,280, demonstrating strong rental fundamentals. It is suitable for either an owner-occupant looking to live in one unit and rent out the other three, or as a pure income asset. All units have been refreshed and include in-unit washer-dryer combos and kitchen appliances, with most kitchens and baths having been renovated. On-site parking is provided by four covered carports. A value-add opportunity exists with an approximately 788 square foot Accessory Dwelling Unit (ADU) plan already approved by the City, and Water Credits have been purchased. The property is walkable to shops, dining, parks, the beach, and public transportation. The lot size is 0.1194 acres and the property size is 3737 square feet. The zoning is Residential 1-4.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pacific Grove
    County
    Monterey
    State
    California
    Longitude
    -121.9201633
    Latitude
    36.6164416

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    FAQs

    What type of property is this?
    Quadplex - Rare Pacific Grove fourplex with value-add ADU plan.
    Where is this quadplex located?
    The property is located at 618 Forest Ave Pacific Grove, CA.
    What is the asking price?
    The asking price for this property is $2,480,000.
    What are key features of this property?
    This property features: - City-approved ADU plan (approx. 788 sq ft) with Water Credits purchased offers clear value-add potential.; - Fully occupied fourplex generates $12,280 in monthly gross income with strong rental fundamentals.; - Prime Pacific Grove location within the highly regarded Pacific Grove Unified School District.
    (831) 318-0150
    Request Owner's contact information
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    Pacific Grove, CA 93950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    618 Forest Ave Pacific Grove, CA 93950
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