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    410 Central Ave Pacific Grove, CA 93950-2836

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    410 Central Ave Pacific Grove, CA 93950-2836


    • Apartment buildings
    • 2,841 SF
    • 0.17 lot acres
    Off-Market
    Last Sale Apr 28, 2025
    $2,050,000
    Property ID
    US09-3309514
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $2,005,000
    Show details
    Cap Rate Potential
    2.3%
    Apartment buildings
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 410 Central Ave

    Year built
    1915
    Construction
    WOOD
    Lot size
    0.17 lot acres
    Property size
    2,841 SF
    Property type
    Apartment buildings
    APN
    006-187-001-000
    APU
    6187001000

    Description

    This exceptional 7-unit apartment building presents a compelling investment opportunity in the desirable Pacific Grove, California. Located at 410 Central Ave., this property boasts a prime location near downtown, offering residents convenient access to shopping and recreational amenities. The 2-story building, originally constructed in 1915 and listed on the Historical Resource Inventory, comprises 2,800 square feet and sits on a 7,200 square foot lot. Each of the seven units features its own kitchen, bathroom, and heating system, ensuring tenant comfort and independence. Currently operating at 100% occupancy, the property generates substantial income. The building includes four parking spaces and is zoned R-3-P.G.R. High Density Residential, allowing for up to 19.8 dwelling units per acre. The property's charming features include a well-maintained yard and a striking Moreton Bay Fig Tree, adding to its curb appeal and providing a sense of privacy. With a total asking price of $2,050,000, this represents a price per unit of $292,857.14 and a price per square foot of $732.14. This multifamily investment offers significant potential for both immediate returns and long-term appreciation in a highly sought-after coastal California location. The property consists of three buildings. The property is not subject to a ground lease.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $1,955,000
      ML approach
      $1,965,000
    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,585,000

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Pacific Grove
    County
    Monterey
    State
    California
    Longitude
    -121.913
    Latitude
    36.6213
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,363
    $57,384
    $39,040
    $96,424
    -
    $0.00
    $0.00
    $0.00
    More about this property
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