419 Frst Ave Pacific Grove, CA 93950-4231
Property Lookup
Property profile & analytics
419 Frst Ave Pacific Grove, CA 93950-4231
- Apartment buildings
- 7,234 SF
- 0.18 lot acres
Property ID
US09-1814644
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.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 419 Frst Ave
- Year built
- 1941
- Construction
- WOOD
- Lot size
- 0.18 lot acres
- Property size
- 7,234 SF
- Property type
- Apartment buildings
- APN
- 006-482-004-000
- APU
- 6482004000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Pacific Grove
- County
- Monterey
- State
- California
- Longitude
- -121.919
- Latitude
- 36.6179
- 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
$19,883
$706,952
$1,063,032
$1,769,984
-
$0.00
$0.00
$0.00
