618 Forest Ave Pacific Grove, CA 93950
Estimated payment $14,140/month
Highlights
- Forced Air Heating System
- Security Fence
- 4-minute walk to Caterpillar Park
- Robert Down Elementary School Rated A
About This Home
Rare offering in prime Pacific Grove within the highly regarded Pacific Grove Unified School District.* Fully occupied fourplex with $12,280 in monthly gross income and strong rental fundamentals. Ideal for an owner-occupant to live in one unit and rent three, or hold as a pure income asset. All units are refreshed with in-unit washer-dryer combos and kitchen appliances, and most kitchens and baths are renovated. On-site parking includes four covered carports. Clear value-add: approx. 788 sq ft ADU plan already City-approved and Water Credits purchased. Walkable to shops, dining, parks, beach, and transit. Please do not disturb occupants.
Property Details
Home Type
- Multi-Family
Year Built
- 1972
Lot Details
- 5,201 Sq Ft Lot
- Security Fence
Home Design
- Quadruplex
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,737 Sq Ft Home
- 2-Story Property
Parking
- 2 Parking Spaces
- 4 Carport Spaces
- On-Street Parking
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
Community Details
Overview
- 3,737 Sq Ft Building
Building Details
- 3 Leased Units
- Gross Income $147,360
Map
Home Values in the Area
Average Home Value in this Area
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 | $23,265 | $2,229,736 | $955,087 | $1,274,649 |
| 2024 | $23,265 | $2,184,840 | $936,360 | $1,248,480 |
| 2023 | $23,563 | $2,142,000 | $918,000 | $1,224,000 |
| 2022 | $2,073 | $2,100,000 | $900,000 | $1,200,000 |
| 2021 | $2,063 | $166,790 | $28,575 | $138,215 |
| 2020 | $2,024 | $166,280 | $28,282 | $137,998 |
| 2019 | $1,965 | $163,044 | $27,728 | $135,316 |
| 2018 | $1,932 | $159,872 | $27,185 | $132,687 |
| 2017 | $1,903 | $156,761 | $26,652 | $130,109 |
| 2016 | $1,906 | $153,712 | $26,130 | $127,582 |
| 2015 | $1,877 | $151,422 | $25,738 | $125,684 |
| 2014 | $1,841 | $148,480 | $25,234 | $123,246 |
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 |
|---|---|---|---|---|
| 02/10/2026 02/10/26 | Price Changed | $2,299,000 | -4.2% | $615 / Sq Ft |
| 02/04/2026 02/04/26 | Price Changed | $2,399,000 | -3.3% | $642 / Sq Ft |
| 09/24/2025 09/24/25 | For Sale | $2,480,000 | -- | $664 / Sq Ft |
Source: MLSListings
MLS Number: ML82022645
APN: 006-542-007
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