618 Forest Ave, Pacific Grove, CA 93950

Local realty services provided by:ERA Excel Realty
#1#2#3
618 Forest Ave,Pacific Grove, CA 93950
$2,480,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:leo zhang
Office:re/max accord
MLS#:41105045
Source:CRMLS

Price summary

  • Price:$2,480,000

About this home

Discover this exceptional 4-unit multifamily building offering a lucrative income potential of over $12,000 per month. Each unit features a spacious 2-bedroom, 1.5-bathroom townhouse-style layout, perfect for rental income or owner-occupied living with the advantage of rental income covering expenses. Enjoy the convenience of separate electrical and gas meters for each unit, providing flexibility and ease of management. The property includes 4 covered carports, ensuring ample parking for residents. Additionally, benefit from a ready-to-pull 788 sqft ADU plan, adding significant value and expanding rental opportunities. Located in a prime area with a strong renter pool, this property is ideal for long-term rentals or exploring Airbnb options. Situated in a great school district and within walking distance to amenities, including shops, restaurants, parks, and public transportation, this multifamily investment offers both convenience and potential for strong rental demand. Don’t miss

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Home facts

  • Year built:1972
  • Listing Id #:41105045
  • Added:32 day(s) ago
  • Updated:August 18, 2025 at 02:21 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Shingle
  • Year built:1972
  • Lot area:0.12 Acres

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,480,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 18, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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