Financial
Distress signals
Property profile

419 Frst Ave Pacific Grove, CA 93950

OFF-MARKET
Apartment buildings
Property ID
US09-1814644
7,234 SF 0.18 ac lot Built 1941
Last sale Aug 2025 · $3,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 12-unit apartment building presents a compelling investment opportunity in the desirable coastal city of Pacific Grove, California. The property, located at 419 Forest Ave, boasts 7,234 square feet across two, two-story buildings, constructed in 1941. Currently operating as a stabilized investment, the property offers a 4.69% cap rate with a NOI of $233,635, and a pro-forma cap rate of 5.22% and pro-forma NOI of $260,000. The asking price is $4,985,000, translating to

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$20k
Tax billed · 2023
Assessed value$1.77M
Assessed land$707k
Assessed improvement$1.06M
Effective rate1.12%

Value estimate

· Sep 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$395/SF
County average, outlier-cleaned · 201 recorded sales of this use type
Observed band · Q1–Q3$143 – $717

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONTEREY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office11.1
Catering Service9.1
Barber Shop9.0

Location

419 Frst Ave Pacific Grove, CA 93950-4231
County assessor Recorded deeds · 10 transfers Comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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