NOT LISTED FOR SALE

170 Pacific Ave Pacific Grove, CA 93950

4 Beds
3 Baths
1,862 Sq Ft
4,008 Sq Ft Lot

Last Sold August 09, 2016

Last sale price $1,100,000 $591 Per Sq Ft

21 Days on Market

Highlights

  • Craftsman Architecture
  • Wood Flooring
  • Storage Room
  • Robert Down Elementary School Rated A
  • Laundry Room
  • Forced Air Heating System

About This Home

As of August 2016

Cute Home turned Triplex long ago with great flow. Studio in back and 2 units in front. 2BR and 1BR That could be turned back into a home or used as is for short or long term rental. Back unit is long term rental Front used as VRBO with license. Central Heat in front units wall heat in studio. Many upgrades and improvements. Only 2 blocks to Beach, Town and Lovers Point to enjoy all the festivities.Pictures start with Unit B which is 2BR, Then Unit C which is a 1BR and then Unit A which is a studio. Lots of basement area, 3 water heaters, gas meters and electric meters. Beautiful grounds, Great street appeal. Many possibilities for this rare beach tract property. Check with City for details.

Last Agent to Sell the Property

Dean Provence

Shankle Real Estate License #00833476 Listed on: 06/23/2016

Last Buyer's Agent

Margaret Maguire

Douglas Elliman of California, Inc. License #01050650

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • 1888

Lot Details

  • 4,008 Sq Ft Lot
  • Level Lot

Parking

  • Off-Site Parking

Home Design

  • Triplex
  • Craftsman Architecture
  • Post and Beam
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,862 Sq Ft Home
  • 1-Story Property
  • Storage Room
  • Wood Flooring
  • Oven or Range

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $67,140

Community Details

Overview

  • 1,862 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $780
  • Insurance Expense $2,000
  • Maintenance Expense $2,500
  • Other Expense $1,542
  • Utility Expense $720
  • Trash Expense $1,020
  • Operating Expense $17,642
  • Gross Income $62,440

Property Details

Home Type

Multi-Family

Year Built

1888

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Triplex
  • Style: Craftsman
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1862
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1888

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 1862
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Hardwood
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Post And Beam
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: Off-Site Parking

Utilities

  • Heating System: Central Forced Air - Gas, Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0920
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3990.10
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3990.10

Rental Info

  • Gross Rent Multiplier: 19.36
  • Number Of Leased: 1

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 780
  • Expense Maintenance: 2500
  • Expenses Other: 1542
  • Expenses Total: 17642
  • Expenses Utility: 720
  • Expense Trash: 1020
  • Income Annual Gross: 62440.00
  • Income Annual Rental: 67140
  • Income Gross Scheduled: 67140
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Insurance, Services - Gardener, Services - Janitor, Utilities
  • Tenant Expenses: Services - Sewer, Services - Trash Removal
  • Vacancy Factor: 7
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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
08/09/2016 08/09/16 Sold $1,100,000 -15.4% $591 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $1,300,000 -- $698 / Sq Ft
Source: MLSListings

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 $13,391 $1,276,938 $754,378 $522,560
2024 $13,391 $1,251,607 $739,587 $512,020
2023 $13,572 $1,227,067 $725,086 $501,981
2022 $13,297 $1,203,008 $710,869 $492,139
2021 $13,230 $1,179,421 $696,931 $482,490
2020 $12,965 $1,167,628 $689,785 $477,843
2019 $12,553 $1,144,740 $676,260 $468,480
2018 $12,304 $1,122,300 $663,000 $459,300
2017 $12,105 $1,100,300 $650,000 $450,300
2016 $9,229 $817,298 $424,415 $392,883
2015 $9,080 $805,027 $418,040 $386,987
2014 $8,892 $789,265 $409,852 $379,413
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81592170

MLSListings

APN: 006-142-033

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