$1,800,000
PENDING

206 Cypress Ave Unit B Pacific Grove, CA 93950

Estimated payment $10,399/month

Total Views 16,777
5 Beds
2 Baths
3,000 Sq Ft
$600 Price per Sq Ft

Highlights

  • Ocean View
  • Traditional Architecture
  • Secured Garage or Parking
  • Robert Down Elementary School Rated A
  • Double Pane Windows
  • 3-minute walk to Caledonia Park

About This Home

Located in the heart of downtown Pacific Grove, 206 Cypress Avenue offers a rare opportunity to own a spacious duplex just moments from Lovers Point Beach. Each unit features 3 bedrooms, 1 bathroom, and 1,500 sq ft of light-filled living space. The lower unit showcases updated LVP flooring, high ceilings, and a classic Bay Area apartment feel, with a generous dining area and French doors opening to a private deck. The upper unit, currently rented, mirrors the layout and includes peeks of ocean views. Both units have their own one-car garage and share a bright, welcoming ambiance. Whether you're looking for a good investment or a live-in rental opportunity, this centrally located duplex delivers both allure and versatility.

Listing Agent

William Bluhm

Sotheby’s International Realty License #70010270 Listed on: 05/16/2025

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,148

Year Built

  • 1935

Lot Details

  • 3,001 Sq Ft Lot
  • Mostly Level

Parking

  • 2 Car Garage
  • Secured Garage or Parking
  • Assigned Parking

Property Views

  • Ocean
  • Downtown

Home Design

  • Duplex
  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • Double Pane Windows

Kitchen

  • Gas Oven
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $350
  • Insurance Expense $2,404
  • Maintenance Expense $5,322
  • Manager Expense $7,800
  • Operating Expense $15,876
  • Gross Income $78,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,148

Year Built

1935

Lot Details

0

Parking

2

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Style: Traditional
  • Age: 90
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3000
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1935

Interior Features

  • Kitchen: Countertop - Formica, Oven Range - Gas
  • Living Sq Ft: 3000
  • Security: Secured Garage / Parking
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Composition, Shingle
  • View: Downtown, Ocean
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage

Utilities

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

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.0689
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3000.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.08
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2404
  • Expense Landscape: 350
  • Expense Maintenance: 5322
  • Expense Management: 7800
  • Expenses Total: 15876
  • Income Annual Gross: 78000.00
  • Income Annual Rental: 78000
  • Income Gross Scheduled: 78000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance - Repair, Services - Gardener, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $5,148 $495,973 $208,939 $287,034
2024 $5,148 $486,249 $204,843 $281,406
2023 $5,253 $476,716 $200,827 $275,889
2022 $5,146 $467,370 $196,890 $270,480
2021 $5,119 $458,207 $193,030 $265,177
2020 $5,016 $453,509 $191,051 $262,458
2019 $4,857 $444,617 $187,305 $257,312
2018 $4,761 $435,900 $183,633 $252,267
2017 $4,683 $427,354 $180,033 $247,321
2016 $4,693 $418,975 $176,503 $242,472
2015 $4,616 $412,682 $173,852 $238,830
2014 $4,597 $404,599 $170,447 $234,152
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/04/2025 07/04/25 Pending -- -- --
05/29/2025 05/29/25 For Sale $1,800,000 -- $600 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed $31,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $158,000 New Conventional
Closed $214,000 Unknown
Closed $236,000 Unknown
Closed $244,500 No Value Available
Source: Public Records

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Source: MLSListings

MLS Number: ML82007332

MLSListings

APN: 006-316-003-000