$1,375,000
SOLD JAN 25, 2024

116 Evans Ave Pacific Grove, CA 93950

6 Beds
3 Baths
2,919 Sq Ft
3,781 Sq Ft Lot

Recently Sold

$471 Per Sq Ft

13% Below List Price

86 Days on Market

About This Home

As of July 2025

Awesome bay views and location! Fixer-upper. #s are estimates for a fully operational, fully occupied, fully remodeled triplex.

Last Agent to Sell the Property

Christian Haun

eXp Realty of California Inc License #01494599 Listed on: 09/24/2023

eXp Realty of California Inc

Last Buyer's Agent

Bob Walker

Sotheby’s International Realty License #00955487

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Parking

  • 3 Car Garage
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Ocean
  • Bay
  • City Lights
  • Hills

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,919 Sq Ft Home
  • 2-Story Property

Additional Features

  • 3,781 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $122,400

Community Details

Overview

Building Details

  • Gardener Expense $2,400
  • Insurance Expense $1,800
  • Maintenance Expense $5,000
  • Manager Expense $8,568
  • Utility Expense $2,000
  • Operating Expense $39,768
  • Gross Income $121,176

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Parking

3

Listing Details

  • Zoning: R-4
  • Subclass: Triplex
  • Age: 57
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2919
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Living Sq Ft: 2919
  • Stories: 2

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Bay, City, City Lights, Hills, Ocean, Water

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified
  • Elementary School: Robert Down Elementary
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Elementary School: 563
  • Middle School: 561

Lot Info

  • Lot Acres: 0.0868
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3783.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3783.00

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 12.87

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1800
  • Expense Landscape: 2400
  • Expense Maintenance: 5000
  • Expense Management: 8568
  • Expenses Total: 39768
  • Expenses Utility: 2000
  • Income Annual Gross: 121176.00
  • Income Annual Rental: 122400
  • Income Gross Scheduled: 122400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Gardener, Services - Sewer, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 1

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/14/2025 07/14/25 Sold $2,200,000 -4.3% $754 / Sq Ft
06/21/2025 06/21/25 Pending -- -- --
06/12/2025 06/12/25 Price Changed $2,298,000 -6.1% $787 / Sq Ft
06/10/2025 06/10/25 Price Changed $2,448,000 -2.0% $839 / Sq Ft
05/28/2025 05/28/25 For Sale $2,498,000 0.0% $856 / Sq Ft
03/19/2025 03/19/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $2,498,000 -3.5% $856 / Sq Ft
01/07/2025 01/07/25 For Sale $2,589,000 +88.3% $887 / Sq Ft
01/25/2024 01/25/24 Sold $1,375,000 -12.7% $471 / Sq Ft
12/19/2023 12/19/23 Pending -- -- --
12/10/2023 12/10/23 For Sale $1,575,000 0.0% $540 / Sq Ft
12/10/2023 12/10/23 Pending -- -- --
12/05/2023 12/05/23 For Sale $1,575,000 0.0% $540 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $1,575,000 0.0% $540 / Sq Ft
11/06/2023 11/06/23 Pending -- -- --
10/25/2023 10/25/23 For Sale $1,575,000 +14.5% $540 / Sq Ft
09/25/2023 09/25/23 Off Market $1,375,000 -- --
09/24/2023 09/24/23 For Sale $1,575,000 -- $540 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81942652

MLSListings

APN: 006-237-012-000