845 Lighthouse Avenue

Pacific Grove, CA 93950

$2,553,000
Last Sold Price
Beds
4,770 Sq. Ft.
$535 / Sq. Ft.
4,770
Sq. Ft.
$535
per Sq. Ft.

Description

Rare opportunity to own a high income, low maintenance, 7 unit apartment building in the heart of Pacific Grove. This pristine two-story building is a well maintained, turnkey, investment possessing the intangibles: solid performance in appreciation and cash flow growth. The Monterey Peninsula and Pacific Grove's 'Hometown' ambiance attract international and national attention: ATT Pebble Beach, International 'Car Week', year-round activities, attractions(Lover's Point, Cannery Row, The Aquarium,...Rare opportunity to own a high income, low maintenance, 7 unit apartment building in the heart of Pacific Grove. This pristine two-story building is a well maintained, turnkey, investment possessing the intangibles: solid performance in appreciation and cash flow growth. The Monterey Peninsula and Pacific Grove's 'Hometown' ambiance attract international and national attention: ATT Pebble Beach, International 'Car Week', year-round activities, attractions(Lover's Point, Cannery Row, The Aquarium, Asilomar beach) and festive events(Fourth of July 'Feast of Lanterns). High tenant demand for local residences is driven by a steady influx of students/staff for DLI(Defense Language Institue), the Naval Post Graduate School and Middlebury Institute of International Studies, in addition to a constant stream of individuals and families drawn to a new home on the Central Coast with its almost surreal array of coastal beaches, mountains, restaurants, golf courses and California wineries.
  1. Listed by Michael Zabrycki • DRE #01114573 • Michael Zabrycki, Broker • 832-628-2206

Property Details for 845 Lighthouse Avenue

MLS City Name
PACIFIC GROVE
Building Type
Other
Style
Traditional
Garage Spaces
0
Parking Spaces
0
View
City, City Lights, Downtown, Forest / Woods, Ocean
Cross Street
Walnut

Location

Listing Courtesy of Michael Zabrycki, Broker, Michael Zabrycki, DRE #01114573

Sold By Sotheby's Int'l Realty-PG, Sandra Schirmer, DRE #01419062

Add your commute
LISTING UPDATED: 10/31/2020 07:46 AM

Property Details for 845 Lighthouse Avenue

StatusSold
MLS #ML81796012
Days on Compass92
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1959
Lot Size0.18 AC / 7,674 SF
CountyMonterey County

Location

Listing Courtesy of Michael Zabrycki, Broker, Michael Zabrycki, DRE #01114573

Sold By Sotheby's Int'l Realty-PG, Sandra Schirmer, DRE #01419062

Add your commute

Building Information for 845 Lighthouse Avenue

Stories-Residences-Year Built1959Building Size-Lot Size0.18 AC / 7,674 SF

Payment Calculator

$16,382 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,933

Property Taxes

$2,449

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 845 Lighthouse Avenue

Features
External Links
Room Information
  • Additional Rooms: Storage
  • Kitchen: Cooktop - Electric, Countertop - Tile, Garbage Disposal, Hood Over Range, Oven - Built-In, Oven - Electric, Oven - Self Cleaning, Refrigerator
Features
  • Communications: Cable TV
  • Energy Features: Low Flow Shower , Low Flow Toilet, Thermostat Controller
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 4770
  • Pool: No
  • Security Features: Fire Alarm
  • Special Features: Bathroom Features, Kitchen Features, Parking, Other
Utilities
  • Cooling: None
  • Heating: Forced Air, Gas
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 7
Garage
  • Garage and Parking: Assigned Spaces, Carport
Property Details
Homeowners Association
  • HOA Amenities: Additional Storage, Common Utility Room
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 7
  • Area Text: Washington Park/Marino Pines
  • Roof: Composition, Shingle
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 845
  • Street Name: Lighthouse
  • Street Suffix: Avenue
  • Area ID: 129
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4770
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Corporation
  • Zoning Detail: R-3
Location Information
  • City Limits: Yes
  • Directions: Highway 1. West on Highway 68. Left on Lighthouse Avenue.
  • Incorporated: Yes
  • Parcel Number: 006-345-001-000
  • County Name: Monterey
  • City Name: PACIFIC GROVE
  • City Postal ID: 44
  • Postal Code: 93950
  • Elementary School: 563
  • Elementary School District: 440
  • Middle School Text: Pacific Grove Middle
  • High School District Text: Pacific Grove Unified
  • High School Text: Pacific Grove High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .18
  • Lot Description: Regular, Views
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio, Low Maintenance, Porch - Enclosed, Sprinklers - Auto, Storage Shed / Structure
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $0
  • Capitalization Rate: .00
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Laundry, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $0
  • Operating Expenses Include: Review with Offer, Utilities - Water
  • Income Annual Gross: $0
  • Income Annual Rental: $0
  • Income Gross Scheduled: $0
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1

Property History for 845 Lighthouse 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 845 Lighthouse Avenue

Taxable ValueLand$1,248,480Additions$1,407,661Total$2,656,141
Tax Record2023$29,387 ($2,449 / month)
Home Facts
Baths7Total Finished SqFt4,770 SqFtAbove Grade Finished SqFt4,770 SqFtStories2Lot Size7,674 SqFtStyleMulti-Family Res (5+ Units)Year Built1959CountyMONTEREYAPN006-345-001-000Fireplace TypeHas Fireplace

Schools near 845 Lighthouse 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
Robert Down 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.

Similar Homes

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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 Michael Zabrycki, Broker, Michael Zabrycki, DRE #01114573

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.