NOT LISTED FOR SALE

145 15th St Pacific Grove, CA 93950

5 Beds
4 Baths
2,822 Sq Ft
4,500 Sq Ft Lot

Last Sold January 05, 2024

Last sale price $1,825,000 $647 Per Sq Ft

219 Days on Market

Highlights

  • Ocean View
  • Marble Flooring
  • Fireplace
  • Robert Down Elementary School Rated A
  • Balcony
  • 5-minute walk to Jewell Park

About This Home

As of January 2024

Downtown PG Triplex with Ocean Views! This multi-unit property, one 3bed/2bath unit and two 1bed/1bath units, is one block from downtown Pacific Grove and two blocks from the ocean. The spacious 3bed/2bath unit offers large family/living room with ocean views, ocean view deck with primary bedroom on the upper level and 2 additional on the ground floor. The downstairs unit has a comfortable patio where one could relax and enjoy the ocean breeze. 1 car garage and covered car parking. Close enough to stroll downtown giving easy access to PG's hometown feel including locally owned restaurants and unique shops, an oceanside recreation trail, the Monterey Bay Aquarium, world-renounced golf courses and many other activities to enjoy. Worth a look!

Last Agent to Sell the Property

Melissa Taylor

Sotheby’s International Realty License #70010208 Listed on: 05/01/2023

Sotheby’s International Realty

Last Buyer's Agent

Trish Sohle

Sotheby’s International Realty License #01134431

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 2006

Lot Details

  • 4,500 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Grass Covered Lot

Parking

  • 1 Car Attached Garage
  • 2 Carport Spaces
  • On-Street Parking

Property Views

  • Ocean
  • City

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,822 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Storage Room
  • Washer and Dryer

Kitchen

  • Gas Oven
  • Microwave
  • Dishwasher
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble
  • Tile

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $81,408
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $475
  • Insurance Expense $1,512
  • Maintenance Expense $3,074
  • Other Expense $12
  • Utility Expense $2,476
  • Trash Expense $1,359
  • Operating Expense $19,994
  • Gross Income $81,408

Property Details

Home Type

Multi-Family

Year Built

2006

Lot Details

0

Parking

1

Listing Details

  • Zoning: R-4
  • Subclass: Triplex
  • Age: 17
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2822
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 2006

Interior Features

  • Kitchen: Countertop - Tile, Dishwasher, Exhaust Fan, Garbage Disposal, Hookups - Gas, Microwave, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2822
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Hardwood, Marble, Tile
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: City, Ocean, Water
  • Yard/Grounds: Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Covered Parking, On Street
  • Carport Min: 2

Utilities

  • Heating System: Fireplace, Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Description: Grade - Level, Paved, Views
  • Lot Acres: 0.1033
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 24.26
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1512
  • Expense Landscape: 475
  • Expense Maintenance: 3074
  • Expenses Other: 12
  • Expenses Total: 19994
  • Expenses Utility: 2476
  • Expense Trash: 1359
  • Income Annual Gross: 81408.00
  • Income Annual Rental: 81408
  • Income Gross Scheduled: 81408
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Exterminator, Maintenance - Repair, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

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
01/05/2024 01/05/24 Sold $1,825,000 -7.6% $647 / Sq Ft
12/06/2023 12/06/23 Pending -- -- --
09/11/2023 09/11/23 Price Changed $1,975,000 -4.8% $700 / Sq Ft
08/04/2023 08/04/23 Price Changed $2,075,000 -3.5% $735 / Sq Ft
07/07/2023 07/07/23 Price Changed $2,150,000 -4.4% $762 / Sq Ft
05/22/2023 05/22/23 Price Changed $2,250,000 -9.1% $797 / Sq Ft
05/01/2023 05/01/23 For Sale $2,475,000 -- $877 / 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: ML81924726

MLSListings

APN: 006-175-015