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Victorian 6-Unit Apartment Building
New
For Sale
$2,300,000

109 16th ST, Pacific Grove, CA 93950

The apartment mix comprises five studios and one one-bedroom unit.

Property Size2,630 SF
Lot Size0.11 Acres
Days on Market5

Property Features for 109 16th ST

General Information

Standard status Active
Size 2,630 SF
Lot size 0.11 Acres
Property subtype FiveOrMoreUnits

Units

Unit Mix 5 x studio, 1 x 1BR
Multifamily Units 6

Building Details

Building Size 2,630 SF
Year Built 1894
Buildings 1
Construction Victorian
Listing Agency: Carmel Realty Company
Listed By: Williams & Tollner · License #70017496
Source: Carmelvalleyrealtycompany
Added: Nov 2 Changed: Nov 4 Last Checked: Nov 4 at 2:11PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Carmel Realty Company

Rey
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Investment Insights

Based on property information with market context.

Built in 1894, this Victorian multifamily property contains six apartments: five studios and one one-bedroom unit. Some apartments have ocean views. The property occupies a 4,800-square-foot lot with two side yards, and its exterior has been repainted.

The building is located half a block from Lovers Point beach. The nearby coastal setting also includes a recreation trail, dining, and shops.

Key Highlights

  • Six apartments: five studios and one one‑bedroom unit
  • Built in 1894
  • 4,800‑square‑foot lot with two side yards

Property Analytics

Who owns this building? See the owner, sales and loan history
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Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

1,080
Businesses Nearby

Demographics for 93950, CA

15,082
Population
8,315
Households
1.8
Avg Household Size
49
Median Age
58%
College-Educated
96%
High-School Grad
2.8 sq mi
ZIP Area
5,386
Density / Sq Mi
$105,568
Median Household Income
$62,185
Median Earnings
$2,384
Median Rent
$1,129,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - The apartment mix comprises five studios and one one-bedroom unit.
Where is this apartment building located?
The property is located at 109 16th ST Pacific Grove, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Six apartments: five studios and one one‑bedroom unit; Built in 1894; 4,800‑square‑foot lot with two side yards
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