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116 2nd St, Pacific Grove, CA 93950

List Price: $3,500,000On Market FlagOn market
Jan 24, 20254,974 sqft12 beds0 baths
Listed by: Edward Lujan
License #: 01965426
Phone #: 408-767-8998
Windermere Valley Properties
Source:
CRMLS Logo
MLS #: ML81991724

Property Description

Nestled in the picturesque city of Pacific Grove, this exceptional six-unit apartment building offers an incredible investment opportunity just steps from the Lover's Point Beach and the renowned Monterey Bay Aquarium. Each unit features 2 bedrooms and 1 bathroom, combining to provide approximately 5,000 square feet of living space on a 6,300-square-foot lot. The kitchens are thoughtfully designed with modern conveniences, ensuring a comfortable living experience. Residents will appreciate the convenience of on-site coin-operated laundry facilities, while the property offers ample parking with six garage spaces. Located within the highly regarded Pacific Grove Unified School District, this property is ideal for tenants seeking quality education for their children and live in a vibrant community. Perfectly positioned within walking distance to the Beaches, Cannery Row, and the Aquarium, this property presents a prime opportunity for investors looking for a potentially lucrative asset in one of California's most sought-after coastal areas.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$5,385

TurboHome Estimated Value

$1,929,500

$388 sqft

High Valuation
$2,025,975
$407/sqft
Normal Valuation
$1,929,500
$388/sqft
Low Valuation
$1,833,025
$369/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$388/sqft$1,929,500

Location

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