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    192 Sloat Avenue

    Pacific Grove, CA 93950
    • $2,150,000
    • STATUS: Active
    • ON SITE: 64 days
    • ID#: ML81807525
    UPDATED: 37 min ago
    $2,150,000
    • 0
      BEDS
    • 0.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1959
    County:

    School Ratings & Info

    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.

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    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-28T13:40:30.317.

    www.lucasgphomes.com/homes/109334260
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    192 Sloat Avenue Pacific Grove, CA 93950

    • Price: $2,150,000
    • Status: Active
    • Updated: 37 min ago
    • ID#: ML81807525
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.14
    Acres
    1959
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Monterey
    Area:
    All Other Counties/States
    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.
    Exterior Features

    Exterior Masonry Parking Description Covered ParkingSpaces - Assigned Parking Spaces Total 4 Roof Tar And Gravel

    Interior Features

    All Units Have Refrigerator Apx Sq Ft Unit1 750 Apx Sq Ft Unit2 530 Bedrooms Unit1 1 Bedrooms Unit2 1 Cooling None Flooring Hardwood FloorsTile Heating Gas

    Property Features

    Annual Gross Sched Income 0 Annual Taxes 0 Annual Utility Expense 0 Building Type Other City Transfer Tax No Disabled Features Disabled Bath FeatDisabled Kit Feat Hoa YN No Net Operating Income 0 Tenant Pays ElectricGas Tot Bldg Sq Ft 3564 Views BayCity LightsDowntownMarinaMountainsPark Water Sewer Sewer System - PublicWater - Public Zoning R-3

    Listing courtesy of Michael Zabrycki of .


    Bay East ©2020. CCAR ©2020. bridgeMLS ©2020. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2020-10-28T13:40:30.317.

     
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