Property summary
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… $415,416.67 per unit and $689.11 per square foot. Each unit features desirable amenities including hardwood floors, high ceilings, and spacious floor plans, enhanced by large windows allowing ample natural light. The property benefits from a highly walkable location (walk score of 94), with proximity to beaches, recreation trails, shopping, dining, and the Pacific Grove Unified School District. Zoned R-4, this property offers significant potential for long-term growth and value appreciation in a thriving coastal community. The property's strong rental demand, coupled with its prime location and attractive unit features, makes it an ideal investment for those seeking both immediate returns and future capital appreciation. The APN is 006-482-004-000. This is a rare opportunity to acquire a well-maintained, multi-unit property in a highly sought-after location.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 miComparable in this City
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Alternative use
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