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618 Forest Avenue Pacific Grove, CA $ 2,480,000
618 Forest Avenue
$ 2,480,000
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618 Forest Avenue

Pacific Grove, CA, 93950
$ 2,480,000
Baths0.0 Sq 3,737

Monthly Estimate*

$ 15,472

Listed by Compass
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Studio

Multi-Family Home for sale in Pacific Grove, CA

for $2,480,000. This 3,737 square foot home was built in 1972 on a lot size of 0.1194.

Rare offering in prime Pacific Grove within the highly regarded Pacific Grove Unified School District.* Fully occupied fourplex with $12,280 in monthly gross income and strong rental fundamentals. Ideal for an owner-occupant to live in one unit and rent three, or hold as a pure income asset. All units are refreshed with in-unit washer-dryer combos and kitchen appliances, and most kitchens and baths are renovated. On-site parking includes four covered carports. Clear value-add: approx. 788 sq ft ADU plan already City-approved and Water Credits purchased. Walkable to shops, dining, parks, beach, and transit. Please do not disturb occupants.

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Multi-Family Active

Price

$ 2,480,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1194

Year Built

1972

Town/City

Pacific Grove

County/Region

Monterey

MLS | Web ID

ML82022645

Days on Market

80

Features
General
Living Area 3737
Sewer Public Sewer
Heating Forced Air
Cooling None
Roof Composition
Zoning Residential 1-4
Garage Spaces 0
Year Built 1972
Property Subtype Quadruplex
Accessibility Parking
County Monterey
Insurance Expense 0
Property Type Residential Income
HOA 0
MaintenanceExpense 0
Garage Y/N 0
Special Listing Conditions Standard
Status Active
High School Pacific Grove
City Pacific Grove
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 5200
Carport Spaces 4
Carport Y/N 1
Elementary School Other
Tax Annual Amount 0
Middle/Junior High School Pacific Grove
Trash Expense 0
Standard Status Active
Occupancy Type Tenant
Year Built Source Assessor
Virtual Tour https://app.cloudpano.com/tours/_vTm37JNP
Property Sub Type Additional Quadruplex
Cap Rate 5.94
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Interior
Total Stories 2
Air Conditioning Y/N 1
Heating Y/N 1
Total Baths 0
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Exterior
Parking Features Carport
Water Source Public
Total Parking 2
Lot Size Area 5200
Foundation Details Slab
Number of Buildings 3
Building Area Total 3737
Lot Size Acres 0.1194
Lot Size Source Assessor
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* Excluded Features
List By
Compass

Broker

chiping.shih@compass.com

Email

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$15,472
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Monthly Principal & Interest
$15,472
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pacific Grove High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$2,480,000 Listed Price

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618 Forest Avenue, Pacific Grove, CA, 93950 is a Multi-Family Home for sale at $2,480,000 with 3,737 sqft and a lot size of 0.1194. 618 Forest Avenue is a studio with 0.0 baths and was built in 1972. The property's zip code is 93950 which is in Pacific Grove, CA