410 Pine Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 0 bed, 0 bath
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Pacific Grove, California 93950
Analysis of 410 Pine Avenue, Pacific Grove, California 93950 is currently available with a list price of $2,199,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pacific Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1929, the property has undergone recent renovations (likely <5 years) featuring modern kitchens with shaker cabinets and stainless steel appliances, updated LVP flooring, and recessed lighting. Key systems have also been modernized, including new water heaters, sewer lateral improvements, and a Tesla Level 2 charger.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
With a rental income of approximately $11,000 per month and an estimated 5% cap rate, this triplex offers one of the strongest rent rolls on the Monterey Peninsula.
The property is ideally situated blocks from downtown Pacific Grove and minutes from world-class attractions like Cannery Row and the Monterey Bay Aquarium, ensuring high tenant demand.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3528, other record living area = 2681.
The property has been on the market for 89 days with multiple price reductions from the original $2.399M list price, suggesting initial overpricing or buyer hesitation in the current market.
Built in 1929 on a compact 3,600 sqft lot, the property may require ongoing upkeep typical of century-old buildings and offers limited outdoor space or expansion potential.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.9 mi
Grades K-5 • 2.0 mi
No sensitive facilities data found.
Jun 28, 2026
$2,199,000
$2,249,000
-2% Price Drop
Initial Listing
Jun 19, 2026
$2,249,000
$2,299,000
-2% Price Drop
Initial Listing
May 25, 2026
$2,299,000
$2,399,000
-4% Price Drop
Initial Listing
Mar 31, 2026
$2,399,000
Initial Listing
Mar 10, 2022
$1,830,000
Public Record
Dec 1, 2006
$1,160,000
Public Record