Address
192 Sloat AVE Pacific Grove, CA
Price
$ 2,150,000
Property Attributes
  • MLS#ML81807525
  • TypeMulti-Family
  • CountyMONTEREY
  • CityPacific Grove
  • AreaCentral Ave-Downtown
  • Zip93950
  • StyleMarina,Traditional
  • Price$ 2,150,000
  • Bedrooms2
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3564
  • Lot Size6,225 SqFt
Listing Provided Courtesy Of:
Michael Zabrycki with Michael Zabrycki, Broker.
Property Description

Ideal location within Coastal Zone which may qualify for 'future' consideration and permitting as a 'Short-Term Rental' investment as determined by the City of Pacific Grove and the California Coastal Commission. Resting on the cusp of Ocean View Blvd, The Monterey Bay Aquarium and Cannery Row, this 5 unit(4 with ocean views), fully leased 1bed/1bath 'low' maintenance apartment complex is available today for SALE. Strong NOI with healthy cap rate, this investment has strong measurables and room to increase rents robustly for years to come. Pride of Ownership and well maintained, this 'rare' find is a turnkey with positive cash flow 'Day One.' Contact the City of Pacific Grove's Community Development Dept for rules and guidelines for future 'Short Term Rental' permit opportunities.

Price History
8/24/2020 Listed $2,275,000
9/2/2020 6% - $2,150,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93950

Price
AVG $2.15M
$2.15M
Visits
AVG 15
28
Year Built
AVG 1959
1959
Walkscore
AVG 83
83
Data Provided by Walkscore ® not using MLS data

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