410 Pine Avenue
Property Overview
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.
Home Details
- Property type
- Residential Income - Mixed Use
- Year built
- 1929
- Living area
- 3,528 sq ft
- Lot size
- 3,600 sq ft
- Stories
- 3
- Days on market
- 98
- MLS status
- Active
- Architectural style
- English
- Zoning
- Multi Family Dwelling
Features & Amenities
Appliances
- Dishwasher
- Disposal
- Refrigerator
Community, Schools & Utilities
Community
- View
- Bay,CityLights,Water
- Annual property tax
- $21,276
Schools
- School district
- Other
Utilities
- Heating
- Central
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 410 Pine Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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