1042 Forest Avenue, Pacific Grove, CA

 

40 Units

 

1042 Forest Avenue 40 Units Multi Family For Sale

 

$13,999,000

 

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Complex Notes:

 

 

  • Rarely available 20+ unit apartment complex in Pacific Grove.
  • Last Pacific Grove MLS 20+ unit sale was in February 2010.
  • 40 two-bedroom / one-bathroom units with a unique floor plan. The 748 square foot units feature an open kitchen, dining, and living room combination. The rooms are separated by a clever built-in bookcase/storage unit, and two storage closets besides the bedroom clothes closets.
  • Recent upgrades include main electric panel replacement, deck repairs and replacements, exterior painting, LVP flooring, dual pane vinyl windows installed throughout the complex, asphalt resurfacing, and the construction of a contractor's & delivery parking area.
  • The complex has a RUBS billing system in place. The tenants are billed for their share of PG&E, sewer, water, and garbage expenses.
  • The units feature gas oven/stoves with vent hoods, granite counters, and newer appliances.
  • The units are heated with gas wall furnaces.
  • The shower enclosures are tiled with cast-iron tubs in most units.
  • 5 buildings with 8 units per building. There is a separate PG&E account for each building.
  • Laundry facility with 4 washers and 4 dryers. The equipment is owned by the complex.
  • There are 47 parking spaces.

 

 

Pacific Grove Facts:

 

  • Fantastic location in Pacific Grove near the Asilomar beach and coast areas.
  • Short distance to many services, including restaurants, In-Shape gym, coffee shops, banks, and a Rite Aid drug store.
  • Close to downtown Pacific Grove, Cannery Row, Carmel, the Monterey Bay bike trail, and Pebble Beach.
  • Short distance to grocery stores including Trader Joe’s, Safeway, and Save Mart
  • Close to major employers, including Defense Language Institute, Cal Am Water, Pebble Beach Company, and the Community Hospital of the Monterey Peninsula.
  • Pacific Grove Unified School District schools are ranked in the top three in Monterey County.

 

 

 

1042 Forest Avenue 40 Units Multi Family For Sale

 

 

Financials

1042 Forest Avenue Financials

 

 

 

Notes

1042 Forest Avenue Notes

 

Rent Roll

1042 Forest Avenue Rent Roll

 

 

 

 

 

Plot Map

 

1042 Forest Avenue Pacific Grove Parcel Map

 

 

 

Area Map

 

1042 Forest Avenue Pacific Grove Area Map

 

 

 

 

 


Download PDF Brochure

 

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