3 months on rocket

718 Forest Ave, Pacific Grove, CA, 93950

$2,250,000

Home List Price

$10,000*

Closing Credit

0 Baths
2,493 SqFt
$903/SqFt
Multi

Location

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718 Forest Ave, Pacific Grove$2,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage3 spaces
Year Built1950
HeatingFireplace(s), Wall Furnace
MLS #ML81974910
Lot Size0.12 Acres
StatusActive

About 718 Forest Ave

Charming multi-unit property in Pacific Grove, the last hometown. Discover a unique investment opportunity in one of the most picturesque locations on the California coast. This well-maintained multi-unit property offers the perfect blend of beachside living and rental income potential. Features: Location: Just a short stroll from the beach in the desirable Pacific Grove area. Units: 3 separate units providing versatile living and rental options. Unit 1: Spacious 2-bedroom, 1-bathroom ideal for living comfortably while enjoying coastal views. Unit 2: Cozy 2-bedroom, 1-bathroom perfect for generating rental income. Unit 3: Charming 1-bedroom, 1-bathroom another excellent source of rental income. Highlights: Income Potential: Live in one unit and rent out the other two to maximize your investment. Investment Opportunity: Multi use, residential/commercial opportunities . Reason to Love : Pacific Grove is known for its serene environment, charming neighborhoods, and close-knit community. This property offers a unique chance to experience all the perks of coastal living while leveraging rental income to offset your living expenses. Enjoy the convenience of walking a few blocks to the beautiful Pacific Grove coastline. Send us an offer!

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Stories: 2
  • Living Area: 2,493 SqFt

Listing Office:

  • Office Name: Century 21 Showcase Realtors
  • Office Phone: (831) 648-7271
  • Listing Agent: Patrick John McEldowney

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Cooktop, Gas Cooktop, Refrigerator
  • Flooring Type: Wood

Exterior Features

Parking Information:

  • Garage Space: 3 spaces

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Fireplace(s), Wall Furnace

Other

Directions Information:

  • Directions: Cross Street: Sinex

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,250,000
  • Price Per SqFt: $903/SqFt

Tax Information:

  • Annual Amount: $4,865
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pacific Grove, CA.

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Pacific Grove, CA

City

Med. Sold Price

$1.4M

Med. Price/SqFt

$1,071

Avg. Days On Market

30

# of Sold Homes

10

718 Forest Ave vs Pacific Grove

114 DAYS ON ROCKET

+84 Days

$2,250,000

+$755K More

$903/SqFt

-$168 Less

KEY TAKEAWAY

This property is $755K more than the Median Sold Price and $168/SqFt less than other homes in Pacific Grove, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #ML81974910

Listing Office:

  • Office Name: Century 21 Showcase Realtors
  • Office Phone: (831) 648-7271
  • Listing Agent: Patrick John McEldowney

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 5:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,865$430,640
2020$4,768$426,225
2019$4,528$417,869
2018$4,455$409,677
2017$4,455$401,646

History based on county public records data.

Payment Calculator

$11.2K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,812

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-930159
9
/10

  • Robert Down Elementary School

  • 485 Pine Ave

  • 0.26 miles

  • Public District Grades KG-5

school-card-donut-930160
6
/10

  • Forest Grove Elementary School

  • 1065 Congress Ave

  • 0.57 miles

  • Public District Grades KG-5

school-card-donut-930161
5
/10

  • Monte Vista

  • 251 Soledad Dr

  • 1.90 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $65,068. Typical income of Pacific Grove, CA residents is between $35k-100k annually. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Monterey County›Pacific Grove›93950›718 Forest Ave

This home is located at 718 Forest Ave in Pacific Grove, CA and zip code 93950. This 2,493 square foot home, which was built in 1950, sits on a 0.12 acre lot. It has been listed on Rocket Homes since August 01, 2024 and is currently priced at $2,250,000.

Pacific Grove, CA housing market in October 2024 saw over 2 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. Between September 2024 and October 2024, Pacific Grove, CA real estate market has seen decrease in the number of listings by 10.4%. The median list price of listings available in October 2024 was $1,495,000, while the average time on the real estate market was 30 days.

From Rocket Homes Real Estate and based on county public records data.

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