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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 Type(s):
Residential Income
| Last Updated | 3/31/2026 | Year Built | 1929 |
|---|---|---|---|
| Community | 699 - Not Defined | County | Monterey |
Additional Details
| AIR | None |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Disposal, Refrigerator |
| AREA | 699 - Not Defined |
| BASEMENT | Yes |
| HEAT | Central |
| LOT | 3598 sq ft |
| LOT DIMENSIONS | 3600 |
| SEWER | Public Sewer |
| STORIES | 3 |
| STYLE | English |
| TAXES | 21276 |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, City Lights, Water |
| WATER | Public |
Location
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Listed with eXp Realty of Northern California, Inc.
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