4-Unit Multifamily
160 Monterey Avenue Pacific Grove, CA 93950
160 Monterey Avenue, Pacific Grove, CA, 93950
$1,739,000
Pending
For Sale
$1,739,000
Pending
Four-unit multifamily building features vaulted ceilings and a private entrance for the largest unit.
Property Size3,321 SF
Days on Market133
Property Features for 160 Monterey Avenue
General Information
- Standard status
- Pending
- Size
- 3,321 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1926
Listing agency
Coldwell Banker Realty
(831) 596-6118
Listed by
Lucie Campos · License #01345594
(831) 596-6118
Source
Exitrealty
Added: Mar 12 Updated: Jul 21 at 8:31PM Checked: Jul 21 at 8:31PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 4-unit multifamily property is housed in a converted church building and is currently arranged to include an upstairs loft/owners unit with vaulted cathedral ceilings. The largest unit also features a private entrance on 11th Street and includes 3 bedrooms and 1 bathroom. The remaining three units offer a mix of 2-bedroom and 1-bedroom layouts.
Located at 160 Monterey Avenue in Pacific Grove, the property is positioned near downtown, Lovers Point Beach, a scenic recreation trail, and the Monterey Bay Aquarium.
Set on a street-to-street lot, the building provides accessibility and versatility for tenants and owners.
Located at 160 Monterey Avenue in Pacific Grove, the property is positioned near downtown, Lovers Point Beach, a scenic recreation trail, and the Monterey Bay Aquarium.
Set on a street-to-street lot, the building provides accessibility and versatility for tenants and owners.
Key Highlights
- 4‑unit multifamily building built in 1926
- Largest unit has a private entrance on 11th Street and features 3 bedrooms and 1 bath
- Upstairs loft and owners unit offer vaulted cathedral ceilings
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $84.9k | $25.56 |
| − Vacancy | −$2.0k | −$0.61 |
| EGI | $82.9k | $24.95 |
| − OpEx | −$24.9k | −$7.49 |
| NOI | $58.0k | $17.47 |
3,321 SF · lease $25.56/SF/yr · vacancy 2.38% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$828.6K
$725.1K – $966.8K
NOI $58,005 @ 7.0% cap · market cap 3.34%
Second Best
Apartment 5plus
$763.2K
$667.8K – $890.5K
NOI $53,427 @ 7.0% cap · market cap 3.07%
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,764 @ 7.0% cap · market cap 5.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four-unit multifamily building features vaulted ceilings and a private entrance for the largest unit.
Where is this quadplex located?
The property is located at 160 Monterey Avenue Pacific Grove, CA.
What is the asking price?
The asking price for this property is $1,739,000.
What are key features of this property?
This property features: 4‑unit multifamily building built in 1926; Largest unit has a private entrance on 11th Street and features 3 bedrooms and 1 bath; Upstairs loft and owners unit offer vaulted cathedral ceilings
