$3,500,000
For Sale

116 2nd Street

Pacific Grove, CA 93950
0.14 acres | #ML81991724
Listing OfficeVargestate Inc.
Browse 21 photos
Type:Purchase
Structure:Commercial
Zone:Commercial

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.

  • Property Details
      • Property SubtypeCommercialSale
      • Original List Price$3,500,000
      • MLS #ML81991724
      • MLS #ML81991724
      • Property TypePurchase
      • CountyMonterey
      • Taxes Annual$10,682
      • Cost3500000
      • Acres0.1446
      • School DistrictOther
      • Year Built1972

Location

Gary ElminoufiReal Estate Group
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