$1,399,000
SOLD JAN 2, 2025

246 Locust St Pacific Grove, CA 93950

2 Beds
3 Baths
1,467 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$954 Per Sq Ft

10% Below List Price

16 Days on Market

Highlights

  • Wood Burning Stove
  • Wood Flooring
  • Double Pane Windows
  • Robert Down Elementary School Rated A
  • Skylights
  • 4-minute walk to George Washington Park

About This Home

As of January 2025

Charming Multi Unit in a prime Pacific Grove location! First time on the market, this exceptional property is a gem. Nestled between Lighthouse and Pine, this multi unit home features 3 thoughtfully updated 1bd/1ba units, each showcasing modern amenities while preserving the home's original charm. Unit 1 approx. 686 sf is spacious and boasts beautiful hardwood floors, quartz countertops, and a Wolf range. Stunning stained-glass windows add a unique touch, enhancing the overall beauty of the space. Unit 2 approx. 485 sf is a cozy retreat featuring hardwood floors and quartz counters, a new GE stove and a charming loft area perfect for extra storage or a cozy reading nook. The studio with approx. 296 sf is a compact yet stylish space with laminate flooring, a small kitchen with quartz counters and a loft. All units maximize storage, ensuring functional living spaces. Outside, youll find a quaint backyard complete with a lovely garden and a charming She Shed. Close to town and beaches.

Last Agent to Sell the Property

Stuart Shankle

Sotheby’s International Realty License #70010260 Listed on: 11/08/2024

Last Buyer's Agent

William Bluhm

Sotheby’s International Realty License #70010270

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1922

Lot Details

  • 3,485 Sq Ft Lot
  • Gentle Sloping Lot
  • Back Yard

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 1,467 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Wood Burning Stove
  • Double Pane Windows
  • Crawl Space
  • Range Hood
  • Washer and Dryer

Flooring

  • Wood
  • Laminate
  • Vinyl

Utilities

  • Floor Furnace
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $9,600

Community Details

Overview

  • 1,467 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $2,745
  • Operating Expense $12,167
  • Gross Income $9,600

Property Details

Home Type

Multi-Family

Year Built

1922

Lot Details

0

Listing Details

  • Zoning: Multi
  • Subclass: Triplex
  • Style: Bungalow
  • Age: 102
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1467
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1922

Interior Features

  • Kitchen: Countertop - Other, Hood Over Range, Refrigerator
  • Living Sq Ft: 1467
  • Stories: 1
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space
  • Roof: Composition
  • Yard/Grounds: Back Yard
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Floor Furnace, Stove - Wood, Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Description: Grade - Gently Sloped
  • Lot Acres: 0.0800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3485.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3485.00

Green Features

  • Energy Features: Double Pane Windows, Skylight

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 156.15
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2745
  • Expenses Total: 12167
  • Income Annual Gross: 9600.00
  • Income Annual Rental: 9600
  • Income Gross Scheduled: 9600
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

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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
01/02/2025 01/02/25 Sold $1,399,000 -6.7% $954 / Sq Ft
11/25/2024 11/25/24 Pending -- -- --
11/21/2024 11/21/24 Price Changed $1,499,000 -3.3% $1,022 / Sq Ft
11/08/2024 11/08/24 For Sale $1,550,000 -- $1,057 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2025

    Stuart Shankle

    Sotheby’s International Realty

    (831) 915-2800

    3 in this area

    21 Total Sales

    Stuart Shankle
    Section Image
  • William Bluhm

    Buyer's Agent in 2025

    William Bluhm

    Sotheby’s International Realty

    (831) 372-7700

    13 in this area

    44 Total Sales

    William Bluhm
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81986109

MLSListings

APN: 006-334-004

California Monterey County Pacific Grove 93950

246 Locust St, Pacific Grove, CA

This home is located at 246 Locust St, Pacific Grove, CA 93950 and is currently priced at $1,399,000, approximately $953 per square foot. This property was built in 1922. 246 Locust St is a home located in Monterey County with nearby schools including Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School.

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