1149 Forest Avenue

Pacific Grove, CA 93950

$3,850,000
Last Sold Price
Beds
5,300 Sq. Ft.
$726 / Sq. Ft.
5,300
Sq. Ft.
$726
per Sq. Ft.

Description

A unique opportunity to own a mix-use building at the gateway of Pacific Grove. The property consists of 4 buildings with one commercial space and 6 residential units - two recently remodeled buildings and two brand new buildings. The front building consists of a commercial space with ocean views and two upper 1 bed/1 bath residential units. The three back buildings are all residential with some units having beautiful ocean views - two 1 bed/1 bath units and two 2 bed/1 bath units. Each unit has...A unique opportunity to own a mix-use building at the gateway of Pacific Grove. The property consists of 4 buildings with one commercial space and 6 residential units - two recently remodeled buildings and two brand new buildings. The front building consists of a commercial space with ocean views and two upper 1 bed/1 bath residential units. The three back buildings are all residential with some units having beautiful ocean views - two 1 bed/1 bath units and two 2 bed/1 bath units. Each unit has one garage space, washer/dryer and individually metered gas/electric and water. All units are completely remodeled or brand new construction. New sewer lateral. Located directly across the street from Trader Joes, Wells Fargo, plazas, gas stations, grocery stores and restaurants plus minutes to downtown Pacific Grove and the beach.
  1. Listed by Julie Kavanaugh • DRE #01271808 • Brokerage DRE #02123847 • Carmel Coast Estate, Inc. • 831-601-9963

Property Details for 1149 Forest Avenue

MLS City Name
PACIFIC GROVE
Building Type
Other
Style
Tudor
Garage Spaces
6
Parking Spaces
6
View
Ocean

Location

Listing Courtesy of Carmel Coast Estate, Inc., Julie Kavanaugh, DRE #01271808

Sold By Atlantic Realty, David Sousa, DRE #01202587

Add your commute
LISTING UPDATED: 10/31/2023 12:17 PM

Property Details for 1149 Forest Avenue

StatusSold
MLS #ML81939717
Days on Compass41
Taxes$47,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built2022
Lot Size0.22 AC / 9,399 SF
CountyMonterey County

Location

Listing Courtesy of Carmel Coast Estate, Inc., Julie Kavanaugh, DRE #01271808

Sold By Atlantic Realty, David Sousa, DRE #01202587

Add your commute

Building Information for 1149 Forest Avenue

Stories-Residences-Year Built2022Building Size-Lot Size0.22 AC / 9,399 SF

Payment Calculator

$24,961 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,011

Property Taxes

$3,950

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1149 Forest Avenue

Features
Room Information
  • Kitchen: Countertop - Marble, Dishwasher, Oven Range - Built-In, Refrigerator
Features
  • Fireplace: No
  • Flooring: Laminate
  • Laundry: Washer / Dryer
  • Living SqFt: 5300
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Forced Air
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Forest Hill
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1149
  • Street Name: Forest
  • Street Suffix: Avenue
  • Area ID: 133
Lot / Property Details
Building Information
  • Number of Buildings: 4
  • Structure SqFt: 5300
  • Structure SqFt Source: Other
  • Age: 1
Development Information
  • Zoning Detail: MX
Location Information
  • City Limits: Yes
  • Directions: Directly across the street from Trader Joes & Wells Fargo Bank on Forest Ave
  • Parcel Number: 006-713-024-000
  • County Name: Monterey
  • City Name: PACIFIC GROVE
  • City Postal ID: 44
  • Postal Code: 93950
  • Elementary School District: 440
  • High School District Text: Pacific Grove Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .22
  • Lot Description: Views
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 7
General Information
  • Annual Tax Amount: $47,400
  • Capitalization Rate: 4.68
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $4,000
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $51,400
  • Operating Expenses Include: Insurance, Vacancy Factor
  • Gross Rent Multiplier: 16.22
  • Income Annual Gross: $236,222
  • Income Annual Rental: $243,528
  • Income Gross Scheduled: $243,528
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,599
Unit 2 Information
  • Unit 2 Approx Square Footage: 750
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,999
Unit 3 Information
  • Unit 3 Approx Square Footage: 825
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,999
Unit 4 Information
  • Unit 4 Approx Square Footage: 950
  • Unit 4 Half Bathrooms: 1
  • Unit 4 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 600

Property History for 1149 Forest Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1149 Forest Avenue

Taxable ValueLand$1,115,518Additions$504,809Total$1,620,327
Tax Record2023$17,966 ($1,497 / month)
Home Facts
Baths5Total Finished SqFt2,024 SqFtAbove Grade Finished SqFt2,024 SqFtStories2Lot Size9,399 SqFtStyleOffice BuildingYear Built1960CountyMONTEREYAPN006-713-024-000Fireplace TypeHas Fireplace

Schools near 1149 Forest Avenue

This home is within Pacific Grove Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Forest Grove Elementary School
PublicK to 5

Pacific Grove Middle School
Public6 to 8

Pacific Grove High School
Public9 to 12

Community High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Carmel Coast Estate, Inc., Julie Kavanaugh, DRE #01271808

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.