J.R. Rouse, Sotheby's International Realty
3775 Via Nona Marie, Suite 100, Carmel, CA 93923
Direct: (831) 318-4062
Fax: (888) 206-4496
260 Lighthouse Avenue, Pacific Grove, CA 93950
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$3,000,000 |
000074238351
Mortgage
$12,884/mon
Eight unit apartments building in Pacific Grove. Two block to the bay and few blocks to downtown area. Several units have very good views, several units have decent views. Condition is quite original. See property inspection by emailing agent. One penthouse unit with 2 bed 1.5 bath, 5 two bed 1 bath, 1 studio, and 1 one bed.
LISTED BY
Eric Stauffer,
Sotheby's Int'l Realty-PG
eric@ericstauffer.com
Co-agent: Stacy Stauffer,
Sotheby's Int'l Realty-PG
Buyer/Sale agent: Eric Stauffer,
Property details
Common
Area: - Central Ave/Downtown 128
Age: 61
Approx. Acr: .19acres
Approx. Bldg: 7423
Approx. Lot: 8,351sq. ft.
Days On Website: 21
List Date: 02/18/2022
MLS#: ML81879000
Number of Buildings: 2
Price per sq. ft.: $404
Sale Date: 05/12/2022
Sale Price: $3,000,000
Status: Sold
Type: Mixed Use or Other Multi-Unit
Year Built: 1961
Specific
Annual Gross Income: $171,900
Annual Total Expenses: $19,800
Capitalization Rate: 4.35
Cross Street: 5th Street
Financial Data Source: Owner
Gross Rent Multiplier: 18.32
Income Annual Rental: $191,000
Income Gross Scheduled: $191,000
Income Includes: Rents
Vacancy Factor: 10
Zoning: Apt. 5-15
Elementary School District: Pacific Grove Unified
High School District: Pacific Grove Unified
Features
City Limits: Yes
Cooling: None
Flooring: Laminate, Vinyl/Linoleum
Foundation: Concrete Block, Concrete Slab, Crawl Space
Garage Parking: Assigned Spaces, Covered Parking
Heating: Central Forced Air - Gas, Wall Furnace
Incorporated: Yes
Listing Includes: Refrigerator - Some Units
Meters: Separate Electric, Separate Gas
Roof: Composition, Shingle
Security Features: None
Sewer Septic: Sewer - Public
View: Bay
Water: Public
Description
Additional Listing Info: Not Applicable / Not Disclosed
Annual Oper. Expenses Include: Other
Disclosures Hazard: Earthquake Disclosure
Tenant Pays: Utilities - Electric, Utilities - Gas
