$2,199,000
About this home
Investor Special | Prime Location Near Downtown Pacific Grove One of the strongest rent rolls for a triplex on the Monterey Peninsula this rare multi-unit property is just blocks from downtown and presents an outstanding opportunity in one of the Monterey Peninsulas most desirable rental markets. With rental income near $11,000/month, it offers strong in-place cash flow with long-term upside. Featuring three separate units, each with private entrance, kitchen, bedrooms, bathroom, laundry, and separate metering ideal for flexible rental strategies and income stability. Interior access between levels adds additional versatility. Recent updates include improvements to the sewer lateral, appliances, flooring, lighting, water softner system, tesla level 2 charger, water heaters. Outdoor spaces with deck, lawn, and entertaining areas further enhance tenant appeal. Minutes from Cannery Row and Monterey Bay Aquarium. Estimated ~5 % cap rate (buyer to verify). Ideal for investors or 1031 exchange buyers seeking a well-located, income-producing coastal asset.
Facts & features
- Bathrooms
- 0
- Living area
- 3,528 sq ft
- Appliances
- Dishwasher, Disposal, Refrigerator
- Flooring
- Carpet, Laminate, Wood
- Heating
- Central
- Cooling
- None
- Lot size
- 0.083 acres (3,600 sq ft)
- View
- Bay, City Lights, Water
- Architectural style
- English
- Year built
- 1929
- Area
- 699 - Not Defined
- County
- Monterey
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 98
- Listed
- 2026-03-31
- Original price
- $2,399,000
- Terms
- FHA
- Parcel #
- 006269006000
- MLS #
- ML82041058
