6-unit Spanish Revival style in Pacific Grove. Unit mix is 4 studios and two one bedroom units. The property has a nice interior courtyard and a laundry facility. The one bedroom units each have fireplaces. The upstairs unit would be ideal for a vacation home with wood floors, some views, and a large open floor plan with open beam ceilings. Fire place as well! The studios are comfortable in size. All units have gas stoves, separate gas water heaters, gas and electric meters. Landlord pays water and garbage. Seller has leased the 5 garages separately from the units. The garages generate $10,200 per year in additional revenue, which is included in the Effective Gross Income. Pacific Grove rental market is historically very low vacancy.
Fabulous 5 unit Pacific Grove property in a prime downtown location close to beaches, schools and shops. Separate decks, individual meters, eight covered parking spots and on site laundry. Designed by John Mathams and superbly maintained. Near Forest Hill Tennis Courts, Robert Down Elementary School and local bus lines.