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    Coastal Duplex with Ocean Views Title is generated by Realmo AI

    PACIFIC GROVE, Pacific Grove 93950

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    For Sale
    $1,275,000

    MULTI_FAMILY - PACIFIC GROVE

    Property size:
    1,680 SF
    Lot size:
    0.08 Acres
    Price / SF:
    $758/SF
    Added:
    May 12, 2026
    Days on Market:
    10
    Last Refresh:
    May 21 at 5:06 pm

    Property Features for PACIFIC GROVE

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R2
    Bedrooms
    4
    Rooms
    Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4
    Parking
    2
    Parking features
    Garage - Attached
    Standard status
    Active
    Size
    1,680 SF
    Lot size
    0.08 Acres

    Utilities

    Heating system
    Wall Furnace
    Water source
    Public

    Building Details

    Year built
    1963
    Number of units
    2
    Flooring type
    Linoleum, Carpet
    Roof type
    Composition

    We can help!

    Listing Contact
    The C Group

    Listing agent The C Group License #70010221

    Listing office Real Brokerage Technologies 1420 Kettner BLVD #100, San Diego, CA

    Listing date May 12, 2026

    MLS# ML82035103 Listing URL

    Copyright © 2026 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.

    HighLights

    • Breathtaking ocean views from both residences.
    • Rare coastal duplex in downtown Pacific Grove, near the shoreline and amenities.
    • Potential for Accessory Dwelling Unit (ADU) development.
    • Income‑producing opportunity: live in one unit and rent the other.
    • Expansive wrap‑around decks for entertaining and enjoying ocean air.
    • Each unit includes a private garage.

    Overview

    This rare coastal duplex offers elevated living in the heart of downtown Pacific Grove, moments from the shoreline, scenic coastal trails, and local amenities. Both residences feature ocean views and refined 2-bedroom, 1-bath layouts designed to capture light and views, and to promote seamless indoor-outdoor living. Expansive wrap-around decks create an exceptional setting for sunset entertaining and enjoying the ocean air. Each unit is complemented by a private garage, presenting potential for an Accessory Dwelling Unit development. The property is ideal for investors or owner-occupants seeking a sophisticated coastal asset, allowing one to live in one residence while enjoying income from the other. This is a versatile opportunity in one of Pacific Grove's desirable oceanside locations. The property size is 1680 square feet and the lot size is 0.0826 acres. The zoning is R2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Pacific Grove
    County
    Monterey
    State
    Longitude
    -121.931037
    Latitude
    36.618794

    Nearby Similar for Sale

    • $2,988,000
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      Mixed-use property with redevelopment potential in a desirable location.
      PACIFIC GROVE, 93950
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    • $2,299,000
      3,737 SF

      Pacific Grove Multifamily Income Property

      Fourplex in Pacific Grove with strong rental income.
      PACIFIC GROVE, 93950
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    FAQs

    What type of property is this?
    Duplex - Rare Pacific Grove duplex near the shoreline with ocean views.
    Where is this duplex located?
    The property is located at PACIFIC GROVE Pacific Grove.
    What is the asking price?
    The asking price for this property is $1,275,000.
    What are key features of this property?
    This property features: Breathtaking ocean views from both residences.; Rare coastal duplex in downtown Pacific Grove, near the shoreline and amenities.; Potential for Accessory Dwelling Unit (ADU) development.
    (831) 601-8936
    We can help!
    Listing Contact
    The C Group
    Real Estate License ID: 70010221
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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