NOT LISTED FOR SALE

560 Junipero Ave Pacific Grove, CA 93950

5 Beds
3 Baths
2,448 Sq Ft
3,842 Sq Ft Lot

Sale Details

Date Sold: April 23, 2025

Last sale price $1,644,000 $672 Per Sq Ft

4 Days on Market

Highlights

  • 3 Car Detached Garage
  • Double Pane Windows
  • Secured Garage or Parking
  • Robert Down Elementary School Rated A
  • Tile Countertops
  • 2-minute walk to Caterpillar Park

About This Home

As of April 2025

Great Investment Property Opportunity in Downtown Pacific Grove! This Triplex located only blocks from downtown shopping and Lovers Point Beach is in excellent condition! All units are leased, and are well maintained by the tenants occupying them. 2 units are 2-bedroom 1 bath with washer/dryer inside, and 1 unit is 1 bedroom 1 bath with a washer/dryer hookup in the garage. Each unit has itsown garage parking space. Tenants pay for Electricity, Internet and Gas Utilities. Gardener Maintains the Low Maintenance yard monthly. Dont miss out on a great opportunity!

Last Agent to Sell the Property

William Bluhm

Sotheby’s International Realty License #70010270 Listed on: 03/25/2025

Sotheby’s International Realty

Last Buyer's Agent

Giulio Benetti

KW Coastal Estates License #01958095

KW Coastal Estates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 3,842 Sq Ft Lot
  • Level Lot

Parking

  • 3 Car Detached Garage
  • Secured Garage or Parking
  • Assigned Parking

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,448 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Tile Countertops
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $79,863
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,080
  • Insurance Expense $6,000
  • Maintenance Expense $7,815
  • Manager Expense $7,986
  • Utility Expense $2,946
  • Trash Expense $2,674
  • Operating Expense $31,868
  • Gross Income $79,863

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

3,842 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R-1
  • Subclass: Triplex
  • Style: Unknown
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2448
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Formica, Countertop - Tile, Garbage Disposal, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 2448
  • Stories: 2
  • Security: Secured Garage / Parking
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Crawl Space, Post And Pier
  • Roof: Tar And Gravel
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Assigned Spaces, Common Parking Area, Detached Garage

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.0882
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3840.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3840.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month, More Than 1 Yr
  • Gross Rent Multiplier: 20.03
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 6000
  • Expense Landscape: 1080
  • Expense Maintenance: 7815
  • Expense Management: 7986
  • Expenses Total: 31868
  • Expenses Utility: 2946
  • Expense Trash: 2674
  • Income Annual Gross: 79863.00
  • Income Annual Rental: 79863
  • Income Gross Scheduled: 79863
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Gardener, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2025
Closed on
May 9, 2025
Sold by
Bought by
Seller's Agent
William Bluhm
Sotheby’s International Realty
Buyer's Agent
Giulio Benetti
KW Coastal Estates
List Price
$1,600,000
Sold Price
$1,644,000
Premium/Discount to List
$44,000
2.75%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,178,868
Interest Rate
0.0665%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 25, 2025
Closed on
Apr 15, 2025
Sold by
Bought by
Seller's Agent
William Bluhm
Sotheby’s International Realty
Buyer's Agent
Giulio Benetti
KW Coastal Estates
List Price
$1,600,000
Sold Price
$1,644,000
Premium/Discount to List
$44,000
2.75%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,178,868
Interest Rate
0.0665%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 14, 1996
Sold by
Bought by

Purchase Details

Closed on
Dec 2, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Buyer Sale Price Title Company
-- Chicago Title Company
$1,644,000 Chicago Title Company
-- --
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Closed $999,000
Closed $1,178,868
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
04/23/2025 04/23/25 Sold $1,644,000 +2.8% $672 / Sq Ft
03/29/2025 03/29/25 Pending -- -- --
03/25/2025 03/25/25 For Sale $1,600,000 -- $654 / 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 $3,367 $315,666 $63,378 $252,288
2024 $3,367 $308,595 $62,136 $246,459
2023 $3,493 $302,545 $60,918 $241,627
2022 $3,425 $296,614 $59,724 $236,890
2021 $3,408 $290,799 $58,553 $232,246
2020 $3,342 $288,718 $57,953 $230,765
2019 $3,240 $283,075 $56,817 $226,258
2018 $3,180 $277,543 $55,703 $221,840
2017 $3,130 $272,119 $54,611 $217,508
2016 $3,136 $266,802 $53,541 $213,261
2015 $3,087 $262,809 $52,737 $210,072
2014 $3,026 $257,679 $51,704 $205,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81998475

MLSListings
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