145 15th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 5 bed, 4 bath
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Pacific Grove, California 93950
This Modern Downtown Triplex is a sophisticated Prime Coastal Asset listed at $1,975,000, reflecting a stable valuation near its $1,941,510 Fair Market Value. Built in 2006, the property holds a Good Condition Rating, offering a turnkey 3-bedroom main residence with Ocean Views and two 1-bedroom units for consistent income. Situated near the elite Robert Down Elementary School and Pacific Grove High School (both 9/10 ratings), the location ensures high desirability and walkability. This versatile property is an exceptional match for Owner-Occupants looking to offset costs or Buy-and-Hold Investors seeking a high-demand rental in a premier market.
Property is move-in ready.
Built in 2006, this property falls within the 10-20 year age range for a 'good' condition rating. The interior is move-in ready with no immediate renovations required. The kitchen is well-maintained with granite countertops, wood cabinetry, and stainless steel appliances consistent with the era of construction. Bathrooms and flooring (a mix of tile, hardwood, and carpet) appear clean and functional with minimal wear and tear. The property's systems and exterior are well-preserved, reflecting regular upkeep rather than a recent full-scale renovation.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated just one block from downtown Pacific Grove and two blocks from the ocean, this property offers exceptional walkability to local boutiques, restaurants, and the scenic Monterey Bay recreation trail.
As a triplex featuring a spacious 3-bedroom main unit and two 1-bedroom units, the property provides flexible options for an owner-user seeking rental income or a pure investment play in a high-demand rental market.
The property spent 249 days on the market and required a significant price reduction of $500,000 from its original list price, suggesting initial overvaluation or friction in buyer interest.
With only a 1-car garage and limited covered parking for a total of five bedrooms across three units, parking logistics may be a challenge for multiple tenants or residents.
Downtown PG Triplex with Ocean Views! This multi-unit property, one 3bed/2bath unit and two 1bed/1bath units, is one block from downtown Pacific Grove and two blocks from the ocean. The spacious 3bed/2bath unit offers large family/living room with ocean views, ocean view deck with primary bedroom on the upper level and 2 additional on the ground floor. The downstairs unit has a comfortable patio where one could relax and enjoy the ocean breeze. 1 car garage and covered car parking. Close enough to stroll downtown giving easy access to PG's hometown feel including locally owned restaurants and unique shops, an oceanside recreation trail, the Monterey Bay Aquarium, world-renounced golf courses and many other activities to enjoy. Worth a look!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 94% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 2,822 | 1,352 | 92% |
| Lot Size | 4,500 | 4,500 | 50% |
| Price | $1.98M | $1.32M | 78% |
| Price per sq ft | $700 | $1.0K | 10% |
| Built year | 2006 | 1950 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 1087 | 156 | 0% |
Mar 10, 2026
$1,975,000
Initial Listing
Jan 5, 2024
$1,825,000
Public Record
May 1, 2023
$2,475,000
Initial Listing
Oct 27, 2010
$655,000
Public Record
Mar 31, 2004
$575,000
Public Record
Oct 10, 2001
$250,000
Public Record