618 Forest Ave Pacific Grove, CA 93950
Estimated payment $14,212/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
| 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
| 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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Ask me questions while you tour the home.