Pacific Grove Multifamily Income
PACIFIC GROVE, Pacific Grove 93950
New
MULTI_FAMILY - PACIFIC GROVE
Property size:
3,737 SFLot size:
0.12 AcresPrice / SF:
$615/SF- Added:
- May 18, 2026
- Days on Market:
- 4
- Last Refresh:
- May 21 at 5:06 pm
Property Features for PACIFIC GROVE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential 1-4
- Bedrooms
- 8
- Rooms
- Bedroom 7, Bedroom 2, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 8
- Parking
- 2
- Parking features
- On Street, Carport
- Security features
- Security
- Standard status
- Active
- Size
- 3,737 SF
- Lot size
- 0.12 Acres
Utilities
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1972
- Number of units
- 4
- Roof type
- Composition
Listing agent Chi-Ping Shih License #02088341 (240) 672-2588
Listing office Compass 6th Avenue 2SW of San Carlos, San Francisco, CA (831) 318-0150
Listing date May 18, 2026
MLS# ML82022645
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
- City‑approved ADU plan (approx. 788 sq ft) with Water Credits purchased offers clear value‑add potential.
- Fully occupied fourplex generating $12,280 in monthly gross income.
- Prime Pacific Grove location within the highly regarded Pacific Grove Unified School District.
- Ideal for owner‑occupant or pure income investment.
- Units refreshed with in‑unit washer‑dryer combos and kitchen appliances; most kitchens and baths renovated.
- Walkable to shops, dining, parks, beach, and transit.
Overview
This is a rare fourplex offering in prime Pacific Grove, located within the Pacific Grove Unified School District. The property is fully occupied, generating a monthly gross income of $12,280. It is suitable for an owner-occupant looking to live in one unit and rent out the remaining three, or as a pure income asset. All units have been refreshed and include in-unit washer-dryer combos and kitchen appliances. Most kitchens and baths have been renovated. On-site parking is available, including four covered carports. There is a value-add opportunity with an approximately 788 square foot ADU plan that has already been City-approved, and Water Credits have been purchased. The property is walkable to shops, dining, parks, the beach, and transit. The property size is 3737 square feet, and the lot size is 0.1194 acres. The zoning is Residential 1-4.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Quadplexes
Map
- City
- Pacific Grove
- County
- Monterey
- State
- Longitude
- -121.931037
- Latitude
- 36.618794
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Fourplex in Pacific Grove with strong rental income.
Where is this quadplex located?
The property is located at PACIFIC GROVE Pacific Grove.
What is the asking price?
The asking price for this property is $2,299,000.
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 generating $12,280 in monthly gross income.; Prime Pacific Grove location within the highly regarded Pacific Grove Unified School District.
