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Pacific Grove apartment complexes rarely become available. This property is the first 13+ unit complex to be offered for sale since 2017. The complex features all 748 sq. ft two-bedroom / one bathroom units. 35/40 units have been remodeled. Important point for investors: President Trump's Big Beautiful Bill has very valuable provisions for real estate investors acquiring real estate in 2025 and beyond. Potentially, an investor is eligible for Bonus Depreciation. Please investigate or talk to your CPA. Other positives include a property-owned laundry facility, a RUBS billing system in place, new electric panels in 2024, and minimal landscaping. The complex benefits from Pacific Grove schools and an amazing location - the Pacific Ocean, downtown PG, the Asilomar beaches, Monterey Bay Aquarium, Pebble Beach, CHOMP, and Carmel are all very close. Starbucks is 30 yards. Other amenities include Trader Joe's, Safeway, InShape Fitness gym, multiple banks, and multiple restaurants.
Property Type(s):
Commercial
| Last Updated | 10/11/2025 | Year Built | 1964 |
|---|---|---|---|
| Community | 699 - Not Defined | County | Monterey |
SCHOOLS
| Jr. High School | Pacific Grove |
|---|---|
| High School | Pacific Grove |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 699 - Not Defined |
| HEAT | Wall Furnace |
| LOT | 1.0305 acre(s) |
| TAXES | 151189 |
Location
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Listed with Albers Real Estate Investment Company
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