NOT LISTED FOR SALE

124 Caledonia Ave Pacific Grove, CA 93950

4 Beds
3 Baths
2,074 Sq Ft
3,202 Sq Ft Lot

Last Sold July 24, 2023

Last sale price $1,250,000 $603 Per Sq Ft

49 Days on Market

Highlights

  • Park or Greenbelt View
  • Forced Air Heating System
  • Carpet
  • Robert Down Elementary School Rated A
  • Washer and Dryer
  • 1-minute walk to Caledonia Park

About This Home

As of July 2023

Ever dreamed of having a place of your own in Pacific Grove as a full-time residence or a weekend getaway? Here is your chance to own a home across the street from a quintessential small town park that looks like it was pulled from the pages of a book about charming Pacific Grove. The original Victorian houses two units plus s a detached unit in the back for a total of 3 units. Live in one unit and rent the other two or explore other options. Enjoy peeks of the water and the perfect location just steps from downtown and a couple blocks to the beach. Start planning your holiday card "From Beautiful Pacific Grove . . ."

Last Agent to Sell the Property

Amber Russell

Over the Moon Realty, Inc License #01795810 Listed on: 05/11/2023

Last Buyer's Agent

Justin McNabb

KW Thrive Santa Cruz License #01928930

KW Thrive Santa Cruz

Property Details

Home Type

  • Multi-Family

Year Built

  • 1890

Lot Details

  • 3,202

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Permanent Foundation
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 2,074 Sq Ft Home
  • 2-Story Property
  • Park or Greenbelt Views
  • Oven or Range
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Additional Features

  • 3,202 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $47,029

Community Details

Overview

  • 2,074 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $900
  • Insurance Expense $3,088
  • Maintenance Expense $75
  • Utility Expense $2,299
  • Trash Expense $1,201
  • Operating Expense $8,230
  • Gross Income $47,029

Property Details

Home Type

Multi-Family

Year Built

1890

Lot Details

0

Listing Details

  • Zoning: R-3-PGR
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2074
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Kitchen: Oven Range, Varies By Unit
  • Living Sq Ft: 2074
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Permanent, Raised
  • Roof: Composition
  • View: Park

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.0735
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.58
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3088
  • Expense Landscape: 900
  • Expense Maintenance: 75
  • Expenses Total: 8230
  • Expenses Utility: 2299
  • Expense Trash: 1201
  • Income Annual Gross: 47029.00
  • Income Annual Rental: 47029
  • Income Gross Scheduled: 47029
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
07/24/2023 07/24/23 Sold $1,250,000 0.0% $603 / Sq Ft
06/29/2023 06/29/23 Pending -- -- --
06/19/2023 06/19/23 Price Changed $1,250,000 -16.6% $603 / Sq Ft
06/10/2023 06/10/23 For Sale $1,498,000 0.0% $722 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $1,498,000 -- $722 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,380 $1,275,900 $867,000 $408,900
2024 $13,380 $1,250,000 $850,000 $400,000
2023 $683 $1,250,000 $850,000 $400,000
2022 $671 $46,906 $18,725 $28,181
2021 $668 $45,987 $18,358 $27,629
2020 $657 $46,416 $18,170 $28,246
2019 $640 $45,524 $17,814 $27,710
2018 $632 $44,650 $17,465 $27,185
2017 $623 $43,793 $17,123 $26,670
2016 $624 $42,953 $16,788 $26,165
2015 $615 $42,322 $16,536 $25,786
2014 $604 $41,512 $16,213 $25,299
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81927139

MLSListings

APN: 006-145-007