J.R. Rouse, Sotheby's International Realty
3775 Via Nona Marie, Suite 100, Carmel, CA 93923
Direct: (831) 318-4062
Fax: (888) 206-4496
560 Junipero Avenue, Pacific Grove, CA 93950
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$1,644,000 |
530024483840
Mortgage
$7,060/mon
Great Investment Property Opportunity in Downtown Pacific Grove! This Triplex located only blocks from downtown shopping and Lovers Point Beach is in excellent condition! All units are leased, and are well maintained by the tenants occupying them. 2 units are 2-bedroom 1 bath with washer/dryer inside, and 1 unit is 1 bedroom 1 bath with a washer/dryer hookup in the garage. Each unit has itsown garage parking space. Tenants pay for Electricity, Internet and Gas Utilities. Gardener Maintains the Low Maintenance yard monthly. Dont miss out on a great opportunity!
LISTED BY
The Bluhm Team,
Sotheby's International Realty
bill.bluhm@sothebys.realty
Buyer/Sale agent: Giulio Mark Benetti,
Property details
Common
Area: - Forest Ave/Pine Ave 130
Age: 63
Approx. Acr: .09acres
Approx. Bldg: 2448
Approx. Lot: 3,840sq. ft.
Days On Website: 4
List Date: 03/25/2025
MLS#: ML81998475
Number of Buildings: 1
Price per sq. ft.: $671
Sale Date: 04/23/2025
Sale Price: $1,644,000
Status: Sold
Type: Triplex
Year Built: 1962
Specific
Annual Gross Income: $79,863
Annual Total Expenses: $31,868
Capitalization Rate: 3
Financial Data Source: Estimated, Property Manager
Gross Rent Multiplier: 20.03
Income Annual Rental: $79,863
Income Gross Scheduled: $79,863
Income Includes: Rents
Zoning: R-1
Elementary School District: Pacific Grove Unified
High School District: Pacific Grove Unified
Units
Unit 1
- Bathrooms Full: 1
- Beds#: 2
- Rent: $2,490
- Sqft: 887
Unit 2
- Bathrooms Full: 1
- Beds#: 1
- Rent: $1,950
- Sqft: 716
Unit 3
- Bathrooms Full: 1
- Beds#: 2
- Rent: $2,625
- Sqft: 887
Features
Amenities Misc: None
City Limits: Yes
Cooling: None
Energy Saving Features: Double Pane Windows
Flooring: Carpet, Vinyl/Linoleum
Foundation: Concrete Perimeter and Slab, Crawl Space, Post & Pier
Garage Parking: Assigned Spaces, Common Parking Area, Detached
Heating: Central Forced Air - Gas
Incorporated: Yes
Kitchen: 220 Volt Outlet, Countertop - Formica, Countertop - Tile, Garbage Disposal, Oven Range - Electric, Refrigerator (s)
Listing Includes: Goodwill, Oven/Range - All Units, Refrigerator - All Units
Lot Description: Grade - Level
Meters: Separate Electric, Separate Gas, Separate Water
Roof: Tar and Gravel
Security Features: Secured Garage/Parking
Sewer Septic: Sewer - Public
View: None
Water: Public
Description
Additional Listing Info: Not Applicable / Not Disclosed
Annual Oper. Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Sewer
Discloser Other: Disclosure Package Available, Estoppel Certificate, Rent Control, Sewer Lateral Inspection Required
Disclosures Hazard: Natural Hazard Disclosure
Tenant Pays: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
