2905 David Ave, Pacific Grove, CA 93950

$3,400,000
7,086
SqFt
List Price
$3,400,000
MLS#
ML81902827
Status
ACTIVE
Sqft. of Residence
7,086
Lot Size
11,690
Listing Area
Del Monte Park
Year Built
1963

Property Description

Rarely available 10-unit Pacific Grove apartment complex. Highly sought after by tenants and investors. The property is in Pacific Groves Del Monte Park neighborhood and close to DLI and The Presidio of Monterey. Conveniently located near shopping, bus stops and schools. The unit mix consists of 8 (1) bedroom / one-bath and (2) two-bedroom / one-bath units. Each unit is separately metered for water, gas and electricity. Each unit has its own hot water heater and forced air furnace in the unit. The landlord is responsible for sewer, garbage, and common area PG&E & Water. Positive features include 8 of the 10 units have updated kitchens and bathrooms in the past 7-10 years, some units have Luxury Vinyl flooring throughout and all units have double pane windows. Rental income is based on the August 2022 rent roll.

Additional Information

Acres
0.2684
Age
59
Amenities
Walk-in Closet
Cooling System
None
Energy Features
Double Pane Windows
Floor Covering
Carpet, Hardwood, Tile, Vinyl / Linoleum
Foundation
Concrete Perimeter
Garage Parking
Carport
Heating System
Central Forced Air - Gas
Living Area
7,086
Lot Size
11,690
Neighborhood
Del Monte Park
Other Rooms
Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof
Rolled Composition, Tar and Gravel
Sewer
Sewer - Public
Zoning
R-3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of The Russell Group from eXp Realty of California Inc

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