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 out on this rare opportunity to own a multifamily investment in a sought-after location. Schedule a showing today and unlock the potential of this lucrative investment! Vacant unit open house Sat &' Sun 1-4pm.
Property Details
Price:
$2,480,000
MLS #:
41105045
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Quadruplex
Listed Date:
Jul 16, 2025
Lot Size:
5,200 sqft / 0.12 acres (approx)
Year Built:
1972
See this Listing
Schools
Interior
Cooling
See Remarks
Flooring
Tile, Vinyl, Carpet
Heating
Forced Air
Laundry Features
Washer Included
Exterior
Construction Materials
Stucco
Parking Features
Carport
Parking Spots
4.00
Roof
Shingle
Financial
Map
Community
- Address618 Forest Ave Pacific Grove CA
- CityPacific Grove
- CountyMonterey
- Zip Code93950
Market Summary
Current real estate data for Residential Income in Pacific Grove as of Oct 23, 2025
11
Residential Income Listed
843
Avg DOM
$1,932,500
Avg List Price
Property Summary
- 618 Forest Ave Pacific Grove CA is a Residential Income for sale in Pacific Grove, CA, 93950. It is listed for $2,480,000
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