Investor Special | Prime Location Near Downtown Pacific Grove One of the strongest rent rolls for a triplex on the Monterey Peninsula this rare multi-unit property is just blocks from downtown and presents an outstanding opportunity in one of the Monterey Peninsulas most desirable rental markets. With rental income near $11,000/month, it offers strong in-place cash flow with long-term upside. Featuring three separate units, each with private entrance, kitchen, bedrooms, bathroom, laundry, and separate metering ideal for flexible rental strategies and income stability. Interior access between levels adds additional versatility. Recent updates include improvements to the sewer lateral, appliances, flooring, lighting, water softner system, tesla level 2 charger, water heaters. Outdoor spaces with deck, lawn, and entertaining areas further enhance tenant appeal. Minutes from Cannery Row and Monterey Bay Aquarium. Estimated ~5 % cap rate (buyer to verify). Ideal for investors or 1031 exchange buyers seeking a well-located, income-producing coastal asset.
Property Details
- Cooling
- 1
- Heating
- Central
- View
- Bay,City Lights,Water
- Stories
- 3
- Acres
- 0.083
- Square Feet
- 3528.0
- Lot Size (sqft)
- 3600.0
- Parking Spaces
- 0.0
- Parking Garage Spaces
- 0.0
- Parking Carport Spaces
- 0.0
- Property Type
- Multi-Family
- Style
- English
- Property Subtype Additional
- Mixed Use
- Year Built
- 1929
- Roof
- Composition
- Sewer Information
- Public Sewer
- Utility Source
- Public
- Appliances
- Dishwasher, Disposal, Refrigerator
- School District
- Other
- County
- Monterey
- Region
- Pacific Grove
- Zoning
- Multi Family Dwelling
- Original List Price
- $2,399,000
- Taxes Annual
- $21,276
- MLS #
- ML82041058
- Property Subtype
- MixedUse
- Parcel Number
- 006269006000
- MLS #
- ML82041058
- Date Listed
- March 31, 2026
- Address
- 410 Pine Avenue
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Provided By
Listed by Jorge Zamora-guerrero (#ML5103920)
Listing Office: eXp Realty of Northern California, Inc. (#ML5099696)
