A rare opportunity to own a 12-unit complex located in the iconic waterfront city of Pacific Grove. This trophy property provides investors an asset with tremendous presence, character, and scale in the city's most dynamic location.
Strategically located in a popular coastal town known for its vibrant tourism and strong rental market, this property is an attractive opportunity for investors seeking both immediate returns and long-term growth. Luxury coastal living with a highly walkable and accessible location close to beaches, recreation trails, everyday shopping, casual restaurants, and world class attractions
Unit amenities include hardwood floors, high ceilings, and spacious floor plans. Unique architectural design, provides large windows allowing plenty of natural light, spacious closets, and efficient layouts. Attractive to long-term tenants, residents can enjoy incredible access to neighborhood amenities and transportation.
Property within walking distance to the Pacific Grove Unified School District (Pacific Grove High School, Pacific Grove Middle School, Robert Down Elementary School, and Forest Grove Elementary School).
Investors seeking a product and location that is irreplaceable, with value-add potential, will strongly consider this once in a lifetime investment.
Under contract
$3,950,000
Forest Pacificgrove, Pacific Grove, CA 93950
--beds
--baths
7,234sqft
Est.:
Five Or More Units,
Built in 1941
-- sqft lot
$3,568,500 Zestimate®
$546/sqft
$-- HOA
What's special
- 92 days
- on Zillow |
- 71 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: June 24, 2025 at 03:41pm
Listed by:
Marielena Carriglio 01745757 831-915-4675,
Coast Realty and Property Management
Source: MLSListings Inc,MLS#: ML82002686

Facts & features
Interior
Kitchen
- Features: Countertop_Formica
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Cooktop, Gas Oven
- Laundry: Coin Operated
Features
- Flooring: Hardwood, Laminate, Tile, Unfinished, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 7,234
- Total interior livable area: 7,234 sqft
Property
Parking
- Parking features: Carport, Covered
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 7,666.56 Square Feet
Details
- Parcel number: 006482004000
- Zoning: R-4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units,
Materials
- Foundation: Concrete Perimeter
- Roof: TarGravel
Condition
- Year built: 1941
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Pacific Grove
Financial & listing details
- Price per square foot: $546/sqft
- Date on market: 4/15/2025
- Listing agreement: ExclusiveRightToSell
- Inclusions: OvenRangeAllUnits
- Lease term: 12 Months
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