$2,480,000
OPEN SAT 1PM - 4PM

618 Forest Ave Pacific Grove, CA 93950

Estimated payment $16,216/month

Total Views 229
8 Beds
-- Bath
3,737 Sq Ft
$664 Price per Sq Ft

Highlights

  • No HOA
  • Cooling Available
  • Forced Air Heating System
  • Robert Down Elementary School Rated A
  • Tile Flooring
  • 4-minute walk to Caterpillar Park

About This Home

Discover this exceptional 4-unit multifamily building offering a lucrative income potential of over $12,000 per month. Each unit features a spacious 2-bedroom, 1.5-bathroom townhouse-style layout, perfect for rental income or owner-occupied living with the advantage of rental income covering expenses. Enjoy the convenience of separate electrical and gas meters for each unit, providing flexibility and ease of management. The property includes 4 covered carports, ensuring ample parking for residents. Additionally, benefit from a ready-to-pull 788 sqft ADU plan, adding significant value and expanding rental opportunities. Located in a prime area with a strong renter pool, this property is ideal for long-term rentals or exploring Airbnb options. Situated in a great school district and within walking distance to amenities, including shops, restaurants, parks, and public transportation, this multifamily investment offers both convenience and potential for strong rental demand. Don’t miss out on this rare opportunity to own a multifamily investment in a sought-after location. Schedule a showing today and unlock the potential of this lucrative investment! Vacant unit open house Sat & Sun 1-4pm.

Listing Agent

Leo Zhang

License #02024974 Listed on: 07/16/2025

Co-Listing Agent

Gloria Chun

License #02084703

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Home Design

  • Quadruplex
  • Composition Shingle Roof
  • Stucco

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • Carport
  • Parking Lot

Utilities

  • Cooling Available
  • Forced Air Heating System

Additional Features

  • 8 Bedrooms
  • Washer
  • 5,200 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 006542007000

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Year Built: 1972
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Co List Office Mls Id: MLL89093
  • Directions: GPS
  • Garage Yn: No
  • Special Features: OpenHouse

Interior Features

  • Flooring: Tile, Vinyl, Carpet
  • Appliances: Washer
  • Other Equipment: Other
  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition Shingles
  • Lot Features: Level
  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Carport - 2 Or More, Parking Lot

Utilities

  • Heating: Forced Air
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 5200
  • Parcel Number: 006542007000

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/16/2025 07/16/25 For Sale $2,480,000 +18.1% $664 / Sq Ft
06/15/2022 06/15/22 Sold $2,100,000 0.0% $562 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/06/2022 06/06/22 For Sale $2,099,000 0.0% $562 / Sq Ft
03/25/2022 03/25/22 Price Changed $2,099,000 +16.7% $562 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/15/2022 01/15/22 For Sale $1,799,000 -14.3% $481 / Sq Ft
01/15/2022 01/15/22 Off Market $2,100,000 -- --
01/10/2022 01/10/22 For Sale $1,799,000 -- $481 / Sq Ft
Source: Bay East Association of REALTORS®

Source: Bay East Association of REALTORS®

MLS Number: 41105045

Bay East Association of REALTORS®

APN: 006-542-007

California Monterey County Pacific Grove 93950

618 Forest Ave, Pacific Grove, CA

This home is located at 618 Forest Ave, Pacific Grove, CA 93950 and is currently priced at $2,480,000, approximately $663 per square foot. This property was built in 1972. 618 Forest Ave is a home located in Monterey County with nearby schools including Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay East Association of REALTORS® Bay East ©2025. CCAR ©2025. bridgeMLS ©2025. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes
Leo Zhang
Listing Agent
Leo Zhang
Section Image
(831) 218-7193