NOT LISTED FOR SALE

246 Locust St Pacific Grove, CA 93950

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

Sale Details

Date Sold: January 2, 2025

Last sale price $1,399,000 $954 Per Sq Ft

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

3,485 Sq Ft Lot

Listing Details

  • Zoning: Multi
  • Subclass: Triplex
  • Style: Bungalow
  • 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

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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
2025 $9,423 $903,565 $613,533 $290,032
2024 $9,423 $885,849 $601,503 $284,346
2023 $9,562 $868,480 $589,709 $278,771
2022 $9,368 $851,452 $578,147 $273,305
2021 $9,319 $834,758 $566,811 $267,947
2020 $9,132 $826,200 $561,000 $265,200
2019 $1,366 $120,342 $39,718 $80,624
2018 $1,342 $117,984 $38,940 $79,044
2017 $1,320 $115,672 $38,177 $77,495
2016 $1,320 $113,405 $37,429 $75,976
2015 $1,299 $111,702 $36,867 $74,835
2014 $1,272 $109,515 $36,145 $73,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81986109

MLSListings

APN: 006-334-004

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