Joe Gallagher
Sotheby’s International Realty
(831) 250-1666
31 Total Sales
11 in Pacific Grove
$695K - $2.9M Price Range
150 Lighthouse Ave Pacific Grove, CA 93950
Pacific Grove Area
4
Beds
3
Baths
1,693
Sq Ft
4,042
Sq Ft Lot
Highlights
- Ocean View
- Wood Flooring
- 2 Car Attached Garage
- Robert Down Elementary School Rated A
- Granite Countertops
- Walk-In Closet
About This Home
As of March 2025***Welcome to Investors Dream Opportunity: Ocean View Triplex in Pacific Grove! *** This fully occupied triplex in the heart of Pacific Grove offers an exceptional investment opportunity with breathtaking ocean views and an unbeatable location just moments from vibrant shops, renowned restaurants, and the world-famous Monterey Bay Aquarium. With 100% occupancy, the property guarantees immediate rental income, while its prime location enhances its long-term value and appeal. The property boasts beautifully remodeled kitchens and updated upstairs bathrooms, elevating functionality and aesthetics. A coin-operated laundry facility provides added convenience for tenants while generating an additional income stream. For added peace of mind, a French drain has been installed for optimal drainage, and a secure two-car garage offers valuable parking space for tenants. Offered at $1,395,000, this triplex presents a rare opportunity to capitalize on Pacific Grove's thriving rental market, consistent occupancy, and strong income potential. With its stunning ocean views, desirable location, and impressive upgrades, this property is a true gem in one of the Monterey Peninsulas' most sought-after neighborhoods. Act quickly; this opportunity won't last long.
Last Agent to Sell the Property
New Star Realty Silicon Valley License #01771631 Listed on: 01/27/2025
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Property Details
Home Type
- Multi-Family
Year Built
- 1951
Lot Details
- 4,042 Sq Ft Lot
Parking
- 2 Car Attached Garage
Home Design
- Triplex
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- Walk-In Closet
- 1,693 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Ocean Views
- Washer and Dryer
Kitchen
- Built-In Oven
- Gas Cooktop
- Range Hood
- Granite Countertops
Flooring
- Wood
- Tile
Utilities
- Wall Furnace
- Vented Exhaust Fan
Listing and Financial Details
- Total Actual Rent $79,200
- Renewal Option
Community Details
Building Details
- 3 Leased Units
- Gardener Expense $2,400
- Insurance Expense $2,200
- Maintenance Expense $800
- Manager Expense $200
- Other Expense $3,000
- Operating Expense $19,600
- Gross Income $79,596
Additional Features
- 1,693 Sq Ft Building
- Coin Laundry
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Pacific Grove, CA
-
Joe Gallagher
-
Dani M. Wilcox
Dani M. Wilcox
KW Coastal Estates
(831) 273-6963
54 Total Sales
1 in Pacific Grove
$1,500,000 Price
-
Dean Provence
Dean Provence
Sotheby’s International Realty
(831) 275-6442
71 Total Sales
1 in Pacific Grove
$3,200,000 Price
-
Regina Shaw
Regina Shaw
Intero Real Estate Services
(831) 273-3582
97 Total Sales
1 in Pacific Grove
$1,014,000 Price
-
Pamela Harmon
Pamela Harmon
PMZ Real Estate
(209) 502-2442
146 Total Sales
2 in Pacific Grove
$1.3M - $1.9M Price Range
-
Alecia Hull
Alecia Hull
Sotheby’s International Realty
(831) 220-3097
22 Total Sales
5 in Pacific Grove
$900K - $2.5M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,395,000 | First American Title | ||
| Rieken Jee Eun Yoo | -- | None Listed On Document | |
| Rieken Family Revocable Trust | -- | None Listed On Document | |
| Rieken Jee Eun Yoo | -- | None Available | |
| Rieken Properties Llc | -- | None Available | |
| Rieken Family Revocable Trust | -- | First American Title Company | |
| Rieken Keith Graham | $785,000 | First American Title Company | |
| Warren Family Investment Partnership | $895,000 | Chicago Title | |
| Gilles Michael George | -- | Chicago Title | |
| Cox Richard | -- | Chicago Title |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $906,750 | ||
| Previous Owner | Rieken Family Revocable Trust | $600,000 | |
| Previous Owner | Rieken Keith Graham | $400,000 | |
| Previous Owner | Warren Family Investment Partnership | $645,000 | |
| Previous Owner | Cox Richard | $100,000 | |
| Previous Owner | Cox Richard | $600,000 | |
| Previous Owner | Cox Richard | $468,750 | |
| Previous Owner | Gilles Michael George | $300,000 | |
| Previous Owner | Gilles Michael | $150,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2025 03/20/25 | Sold | $1,395,000 | 0.0% | $824 / Sq Ft |
| 02/13/2025 02/13/25 | Pending | -- | -- | -- |
| 01/27/2025 01/27/25 | For Sale | $1,395,000 | -- | $824 / Sq Ft |
Source: MLSListings
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $10,429 | $1,424,400 | $918,000 | $506,400 |
| 2025 | $9,929 | $944,942 | $600,920 | $344,022 |
| 2024 | $9,929 | $924,944 | $589,138 | $335,806 |
| 2023 | $10,083 | $906,809 | $577,587 | $329,222 |
| 2022 | $9,880 | $889,029 | $566,262 | $322,767 |
| 2021 | $9,830 | $871,598 | $555,159 | $316,439 |
| 2020 | $9,633 | $864,162 | $549,467 | $314,695 |
| 2019 | $9,329 | $847,248 | $538,694 | $308,554 |
| 2018 | $9,145 | $830,666 | $528,132 | $302,534 |
| 2017 | $8,998 | $814,409 | $517,777 | $296,632 |
| 2016 | $9,020 | $798,471 | $507,625 | $290,846 |
| 2015 | $8,875 | $786,500 | $500,000 | $286,500 |
| 2014 | $7,919 | $701,500 | $400,000 | $301,500 |
Source: Public Records
Agents Affiliated with this Home
-
Annie Youn
Seller's Agent in 2025
Annie Youn
New Star Realty Silicon Valley
(408) 561-0468
67 Total Sales
-
Brian Brunetti
Buyer's Agent in 2025
Brian Brunetti
Sotheby’s International Realty
(831) 239-9890
36 Total Sales
Map
Source: MLSListings
MLS Number: ML81990624
APN: 006-239-012
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