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    Pacific Grove, CA
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    Pacific Grove, CA Residential Income Properties for Sale

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    Monterey, CA Pebble Beach, CA Seaside, CA Sand City, CA Carmel By The Sea, CA Marina, CA Carmel Valley, CA Carmel Highlands, CA
    11 properties
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    Mixed-Use Building with Retail & Apartments
    Updated: Jun 11
    Mixed-Use Building with Retail & Apartments

    1157 Forest AVE, Pacific Grove, CA 93950

    $2,988,000
    0.51 AC lot
    8,402 SF mixed‑use building on a 22,651 SF lot, built in 1982
    Currently occupied by nine tenants, including a pizzeria, professional service providers, a hair salon, and a window showroom
    Includes two residential 1‑bedroom apartments
    Located directly across from Trader Joe's; within a block of Safeway and Lucky
    Approx. 17,663 vehicles per day daily traffic count
    View details
    Four-Unit Residential Income Property
    Updated: May 11
    Four-Unit Residential Income Property

    116 16th Street, Pacific Grove, CA 93950

    $2,639,000
    4,120 sqft
    Four‑unit residential property in Pacific Grove built in 1973
    Penthouse unit features 3 bedrooms, 2 bathrooms, private laundry, and a deck with ocean views
    Three additional units each offer 2 bedrooms and 1 bathroom, plus a shared laundry area
    Each unit includes its own private garage
    Some bay peeks are available from inside the remaining units
    View details
    Corner Lot Multifamily with Garages
    Corner Lot Multifamily with Garages

    721 9th Street, Pacific Grove, CA 93950

    $1,500,000
    3,026 sqft

    Multi-family property with six units and five garages, featuring newer dual pane windows and a shared inner courtyard.

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    Pacific Grove Duplex with Patios
    Pacific Grove Duplex with Patios

    514 7th Street, Pacific Grove, CA 93950

    $1,595,000
    1,842 sqft

    Two-unit duplex with mirrored 2-bedroom layouts, private 1-car garages, washer/dryer hookups, and sunny patios.

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    Duplex-Style Income Property with Guest Home
    Duplex-Style Income Property with Guest Home

    494 GROVE ACRE Avenue, Pacific Grove, CA 93950

    $2,499,000
    2,423 sqft

    Duplex-style income property with updated interiors, expansive windows, and a detached guest home with its own entrance and kitchen.

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    Triplex with Private Unit Entrances
    Triplex with Private Unit Entrances

    410 Pine Avenue, Pacific Grove, CA 93950

    $2,249,000
    3,528 sqft

    Three-unit triplex with private entrances, in-unit kitchens and laundry, and separate metering.

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    Triplex with Ocean Views
    Triplex with Ocean Views

    114 Carmel Avenue, Pacific Grove, CA 93950

    $2,195,000
    2,653 sqft

    Three-unit property with one 3-bedroom, 2-bath unit and two 1-bedroom units, offering views across Monterey Bay.

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    Mixed-Use Building Across From Trader Joe's
    Mixed-Use Building Across From Trader Joe's

    1157 Forest Avenue, Pacific Grove, CA 93950

    $2,988,000
    8,402 sqft 0.52 AC lot

    Multi-tenant mixed-use building with retail and service space plus two one-bedroom apartments.

    View details
    Duplex With Attached Apartments
    Duplex With Attached Apartments

    608 Congress Avenue, Pacific Grove, CA 93950

    $1,499,000
    1,737 sqft

    Newly remodeled duplex with separate metering and two garages, offering ground-level living for both units.

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    4-Unit Multifamily Property
    4-Unit Multifamily Property

    160 Monterey Avenue, Pacific Grove, CA 93950

    $1,739,000
    3,321 sqft

    Four-unit multifamily building features vaulted ceilings and a private entrance for the largest unit.

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    Duplex with Wrap-Around Decks
    Duplex with Wrap-Around Decks

    301 7th Street, Pacific Grove, CA 93950

    $1,225,000
    1,680 sqft

    Two 2-bedroom, 1-bath residences with private garages and ocean-view wrap-around decks near the shoreline.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 11 Active listings in Pacific Grove, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 61 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Senior Mobile Home Residence
    Senior Mobile Home Residence

    57-1146 Birch Ave, Seaside, CA 93955

    $269,000
    940 sqft

    Approximately 940 sq ft two-bedroom, two-bath manufactured home with central gas forced-air heating and in-home laundry.

    View details
    Fourplex with Bay-View Apartments
    Fourplex with Bay-View Apartments

    700 David Avenue, Monterey, CA 93940

    $1,600,000
    2,235 sqft

    Fully occupied fourplex on a large corner lot with parking and individual storage for each unit.

    View details
    Updated Manufactured Home in Park
    Updated Manufactured Home in Park

    43-835 Kimball Ave, Seaside, CA 93955

    $180,000
    444 sqft

    Manufactured home offers extensive interior refreshes, including new flooring, paint, lighting, and double-pane windows.

    View details
    Apartment Complex with Ocean Views
    Apartment Complex with Ocean Views

    800 Lyndon St, Monterey, CA 93940

    Contact for pricing

    Well-maintained apartment complex in Monterey with ocean views and units updated in 2019.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land with Approved Plans
    Residential Land with Approved Plans

    2901 Bird Rock RD, Pebble Beach, CA 93953

    $1,599,999
    0.45 AC lot

    Build a single-level main residence plus an attached garage and private ADU on a permitted parcel in Pebble Beach.

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    Flat Residential Land Lot
    Flat Residential Land Lot

    3118 Bird Rock RD, Pebble Beach, CA 93953

    $1,495,000
    0.26 AC lot

    Build a custom home on a flat lot with water entitlements and easy level access to the ocean area.

    View details
    Gated Residential Homesite Land
    Gated Residential Homesite Land

    7905 Cinquenta RD, Carmel, CA 93923

    $1,600,000
    8.04 AC lot

    Build within a gated Carmel community on a large homesite with a defined building envelope.

    View details
    Residential Land in Gated Community
    Residential Land in Gated Community

    7765 Paseo Venado, Monterey, CA 93940

    $849,000
    5.00 AC lot

    A 5-acre residential lot in a gated community, suited for building a custom home with view potential.

    View details

    Off-Market Properties in Pacific Grove, CA

    Consider similar Off-Market properties in Pacific Grove, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    128 19th St
    APARTMENT HOUSE (5+ UNITS)

    128 19th St, Pacific Grove, CA 93950-2657

    $795,000
    Estimated value
    4,797 sqft 0.06 AC lot
    View details
    2711 Ransford Ave
    APARTMENT HOUSE (5+ UNITS)

    2711 Ransford Ave, Pacific Grove, CA 93950-5143

    $1,685,000
    Estimated value
    6,825 sqft 0.22 AC lot
    View details
    2721 Ransford Ave
    APARTMENT HOUSE (5+ UNITS)

    2721 Ransford Ave, Pacific Grove, CA 93950-5141

    $1,210,000
    Estimated value
    6,556 sqft 0.16 AC lot
    View details
    225 Grv Acre Ave
    APARTMENT HOUSE (5+ UNITS)

    225 Grv Acre Ave, Pacific Grove, CA 93950-2346

    $1,470,000
    Estimated value
    2,880 sqft 0.34 AC lot
    View details
    419 Frst Ave
    APARTMENT HOUSE (5+ UNITS)

    419 Frst Ave, Pacific Grove, CA 93950-4231

    Value Estimation by Request
    7,234 sqft 0.18 AC lot
    View details
    410 Central Ave
    APARTMENT HOUSE (5+ UNITS)

    410 Central Ave, Pacific Grove, CA 93950-2836

    $2,005,000
    Estimated value
    2,841 sqft 0.17 AC lot
    View details
    618 Fountain Ave
    APARTMENT HOUSE (100+ UNITS)

    618 Fountain Ave, Pacific Grove, CA 93950

    $2,645,000
    Estimated value
    17,435 sqft 0.57 AC lot
    View details
    188 Laurel Ave
    APARTMENT HOUSE (5+ UNITS)

    188 Laurel Ave, Pacific Grove, CA 93950

    $610,000
    Estimated value
    4,275 sqft 0.23 AC lot
    View details
    David Ave
    APARTMENT HOUSE (5+ UNITS)

    David Ave, Pacific Grove, CA 93950

    Value Estimation by Request
    3,418 sqft 0.26 AC lot
    View details
    585 Ocean Vw Blvd
    APARTMENT HOUSE (5+ UNITS)

    585 Ocean Vw Blvd, Pacific Grove, CA 93950-2648

    $1,520,000
    Estimated value
    9,204 sqft 0.21 AC lot
    View details
    4 Arkwright Ct
    APARTMENT HOUSE (5+ UNITS)

    4 Arkwright Ct, Pacific Grove, CA 93950-5331

    Value Estimation by Request
    0.21 AC lot
    View details
    5 Arkwright Ct
    APARTMENT HOUSE (5+ UNITS)

    5 Arkwright Ct, Pacific Grove, CA 93950-5358

    Value Estimation by Request
    0.24 AC lot
    View details
    740 Crocker Ave
    APARTMENT HOUSE (100+ UNITS)

    740 Crocker Ave, Pacific Grove, CA 93950-3736

    $3,400,000
    Estimated value
    4,728 sqft 0.55 AC lot
    View details

    Pacific Grove, CA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Pacific Grove, CA, showcased through 11 active listings on our real estate platform. These investment opportunities span a total of 32,732 square feet of properties for sale, with an estimated market value of $23,116,000.

    Sale prices for residential income properties in Pacific Grove, CA start at $1,225,000, averaging $2,101,454, and reaching up to $2,988,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 11
    Duplexes 5
    Quadplexes 3
    Triplexes 2
    Apartment buildings 1

    Demographics Overview

    Population 15K
    Population Growth (5Y) -3.8%
    Median Household Income $105,568
    College Educated 87.3%

    High-Yield Neighborhoods for Investment

    Identify Pacific Grove submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93950 $2.5M

    Taxes & Financing

    Tax Rate (average for all types) 1.10%
    Property Tax per SF $9.94 per SF
    Tax Rate vs County Average 0.06 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monterey County

    New Delisted

    Total CRE Inventory on Market (SF)

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