NOT LISTED FOR SALE

403 Central Ave Pacific Grove, CA 93950

4 Beds
3 Baths
2,338 Sq Ft
5,401 Sq Ft Lot

Last Sold December 23, 2024

Last sale price $1,690,000 $723 Per Sq Ft

48 Days on Market

Highlights

  • Ocean View
  • Solar Power System
  • Atrium Room
  • Robert Down Elementary School Rated A
  • Colonial Architecture
  • 1-minute walk to Berwick Park

About This Home

As of December 2024

"Secret Garden Beach House". 1 block to the world famous Lovers Point Beach! Scenic walking/bike path to the Aquarium and Cannery Row. Ocean breezes, crashing surf and sea life lulling you to sleep from this amazing home. 1 block to the famous Pacific Grove downtown shops, restaurants, art galleries, and enjoy a latte as you stroll through this lovely beach town. One of the best school systems on the Monterey Peninsula! Home to famous authors, artists, Steinbeck Literature writers, one of the towns where you can leave your worries aside because it is a neighborhood! Ocean views & beautiful kayaking and diving. This is a home town with so much artistic and culinary diversity nestled along the ocean just minutes to Carmel, Pebble Beach and Pacific Grove Golf Course. Property is a Triplex featuring a First floor main house approximately 1,302 sqft. spacious 2 bed 1 bath with high ceilings, laundry room & sunny Atrium with garden views, Second floor ocean view 773 sqft. 1 bed 1 bath unit with own kitchen and deck, laundry & huge storage attic. A Detached 263 sqft. Guest House (subject to City rent control) with kitchen & 2 car garage and large storage loft. Rental Income is estimated. All plumbing and electrical has been updated. This ocean view beach house has it all!

Last Agent to Sell the Property

Deba Christensen

Coldwell Banker Realty License #00990575 Listed on: 10/04/2024

Coldwell Banker Realty

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1901

Lot Details

  • 5,401 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,338 Sq Ft Home
  • 2-Story Property
  • Atrium Room
  • Storage Room
  • Washer and Dryer
  • Ocean Views

Kitchen

  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Formica Countertops

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Outdoor Features

  • Balcony
  • Deck

Additional Features

  • Solar Power System
  • Floor Furnace

Listing and Financial Details

  • Total Actual Rent $115,800

Community Details

Overview

  • 2,338 Sq Ft Building

Building Details

  • Insurance Expense $6,000
  • Utility Expense $2,040
  • Trash Expense $1,440
  • Operating Expense $21,480
  • Gross Income $115,800

Property Details

Home Type

Multi-Family

Year Built

1901

Lot Details

0

Parking

2

Listing Details

  • Zoning: Multi Residential
  • Subclass: Triplex
  • Style: Colonial
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2338
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1901

Interior Features

  • Kitchen: Countertop - Formica, Dishwasher, Hood Over Range, Microwave, Oven Range - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 2338
  • Stories: 2
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate
  • Additional Rooms: Atrium, Storage

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition
  • View: Ocean
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: On Street

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet, Solar Power On Grid

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 15.46

Multi Family

  • Utilities: Natural Gas, Public Utilities, Solar
  • Expense Insurance: 6000
  • Expenses Total: 21480
  • Expenses Utility: 2040
  • Expense Trash: 1440
  • Income Annual Gross: 115800.00
  • Income Annual Rental: 115800
  • Income Gross Scheduled: 115800
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
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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
12/23/2024 12/23/24 Sold $1,690,000 -5.6% $723 / Sq Ft
11/21/2024 11/21/24 Pending -- -- --
10/04/2024 10/04/24 For Sale $1,790,000 -- $766 / 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 $12,464 $1,690,000 $1,100,000 $590,000
2024 $12,464 $1,173,000 $663,000 $510,000
2023 $10,869 $1,150,000 $650,000 $500,000
2022 $719 $63,354 $31,983 $31,371
2021 $714 $62,112 $31,356 $30,756
2020 $700 $61,476 $31,035 $30,441
2019 $679 $60,272 $30,427 $29,845
2018 $667 $59,091 $29,831 $29,260
2017 $656 $57,934 $29,247 $28,687
2016 $655 $56,799 $28,674 $28,125
2015 $644 $55,947 $28,244 $27,703
2014 $631 $54,852 $27,691 $27,161
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81982767

MLSListings

APN: 006-195-002