Turn-Key Renovated Apartment
2 Moreland Avenue Pacific Grove, CA 93950
2 Moreland Avenue, Pacific Grove, CA, 93950
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For Sale
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Fully renovated 12-unit apartment property with gas and electric tenant billing and landlord-paid utilities for garbage, sewer, and water.
Days on Market102
Property Features for 2 Moreland Avenue
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Compass Commercial Real Estate
(415) 345-3000
Listed by
Ray Rodriguez · License #CA 01999734
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 3:58PM Checked: Jul 21 at 3:58PM
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 Compass Commercial Real Estate
Investment Insights
Based on property information with market context.
This turn-key, fully renovated multifamily apartment building features 12 units with premium interior and exterior improvements. The unit interiors include stainless steel appliances, new kitchens and bathrooms, and vinyl-plank flooring. The exterior upgrades referenced in the offering include dual pane windows, new decking, new landscaping, a new driveway, and new electrical. The mix consists of (8) 1 bed/1 bath units and (4) 2 bed/1 bath units, and four units have large private backyards.
The property is located in Pacific Grove on the Monterey Peninsula, described as minutes from Asilomar State Beach, Spanish Bay, Pebble Beach, 17-Mile Drive, Carmel Valley, and the Monarch Sanctuary, among other nearby destinations.
Tenants are responsible for gas and electric, while the landlord pays for garbage, sewer and water, as well as common area maintenance. The offering also notes the potential to implement a R.U.B.S. program and references rent-upside based on strong tenant demand and limited apartment inventory.
The property is located in Pacific Grove on the Monterey Peninsula, described as minutes from Asilomar State Beach, Spanish Bay, Pebble Beach, 17-Mile Drive, Carmel Valley, and the Monarch Sanctuary, among other nearby destinations.
Tenants are responsible for gas and electric, while the landlord pays for garbage, sewer and water, as well as common area maintenance. The offering also notes the potential to implement a R.U.B.S. program and references rent-upside based on strong tenant demand and limited apartment inventory.
Key Highlights
- Fully renovated 12‑unit multifamily property in Pacific Grove, CA
- Unit mix includes (8) 1 bed/1 bath and (4) 2 bed/1 bath units
- All 12 units have premium interior renovations including stainless steel appliances, new kitchens and bathrooms, and vinyl‑plank flooring
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FAQs
What type of property is this?
Apartment building - Fully renovated 12-unit apartment property with gas and electric tenant billing and landlord-paid utilities for garbage, sewer, and water.
Where is this apartment building located?
The property is located at 2 Moreland Avenue Pacific Grove, CA.
What are key features of this property?
This property features: Fully renovated 12‑unit multifamily property in Pacific Grove, CA; Unit mix includes (8) 1 bed/1 bath and (4) 2 bed/1 bath units; All 12 units have premium interior renovations including stainless steel appliances, new kitchens and bathrooms, and vinyl‑plank flooring
