150 Lighthouse Ave

Pacific Grove, CA 93950

$1,395,000
Last Sold Price
Beds
Baths
1,693 Sq. Ft.
$824 / Sq. Ft.
1,693
Sq. Ft.
$824
per Sq. Ft.

Description

Welcome to Investors Dream Opportunity: Ocean View Triplex in Pacific Grove! This fully occupied triplex in the heart of Pacific Grove offers an exceptional investment opportunity with breathtaking ocean views and an unbeatable location just moments from vibrant shops, renowned restaurants, and the world-famous Monterey Bay Aquarium. With 100% occupancy, the property guarantees immediate rental income, while its prime location enhances its long-term value and appeal. The property boasts beautifully...Welcome to Investors Dream Opportunity: Ocean View Triplex in Pacific Grove! This fully occupied triplex in the heart of Pacific Grove offers an exceptional investment opportunity with breathtaking ocean views and an unbeatable location just moments from vibrant shops, renowned restaurants, and the world-famous Monterey Bay Aquarium. With 100% occupancy, the property guarantees immediate rental income, while its prime location enhances its long-term value and appeal. The property boasts beautifully remodeled kitchens and updated upstairs bathrooms, elevating functionality and aesthetics. A coin-operated laundry facility provides added convenience for tenants while generating an additional income stream. For added peace of mind, a French drain has been installed for optimal drainage, and a secure two-car garage offers valuable parking space for tenants. Offered at $1,395,000, this triplex presents a rare opportunity to capitalize on Pacific Grove's thriving rental market, consistent occupancy, and strong income potential. With its stunning ocean views, desirable location, and impressive upgrades, this property is a true gem in one of the Monterey Peninsulas' most sought-after neighborhoods. Act quickly; this opportunity won't last long.
  1. Listed by Annie Youn • DRE #01771631 • Brokerage DRE #01141115 • New Star Realty Silicon Valley • 408-561-0468

Property Details for 150 Lighthouse Avenue

MLS City Name
PACIFIC GROVE
Building Type
TRIPLEX
Garage Spaces
2
Parking Spaces
2
View
Ocean
Cross Street
Prescott Ave.
LISTING UPDATED: 03/20/2025 03:42 PM

Property Details for 150 Lighthouse Avenue

StatusSold
MLS #ML81990624
Days on Compass17
Taxes$11,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1951
Lot Size0.09 AC / 4,042 SF
CountyMonterey County

Location

Listing Courtesy of New Star Realty Silicon Valley, Annie Youn, DRE #01771631

Sold By Sotheby's International Realty, Brian Brunetti, DRE #02028412

Add your commute

Building Information for 150 Lighthouse Avenue

Stories2Residences3Year Built1951Building Size-Lot Size0.09 AC / 4,042 SF

Payment Calculator

$8,226 per month

30 year fixed, 6.845% Interest

Principal and Interest

$7,309

Property Taxes

$917

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 150 Lighthouse Avenue

Features
Room Information
  • Kitchen: Cooktop - Gas, Countertop - Granite, Countertop - Synthetic, Exhaust Fan, Hood Over Range, Oven - Built-In, Pantry Cabinet, Refrigerator, Other
Features
  • Amenities: Walk-in Closet
  • Fireplace: No
  • Flooring: Hardwood, Tile, Other
  • Laundry: Coin Operated, Washer / Dryer
  • Living SqFt: 1693
  • Pool: No
  • Security Features: None
  • Special Features: Other
Utilities
  • Cooling: Ceiling Fan
  • Heating: Wall Furnace, Other
  • Meters: Separate Other
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Central Ave/Downtown
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 150
  • Street Name: Lighthouse
  • Street Suffix: Avenue
  • Area ID: 128
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 3
  • Structure SqFt: 1693
  • Structure SqFt Source: Assessor
  • Age: 74
Development Information
  • Zoning Detail: R-1
Location Information
  • Parcel Number: 006-239-012-000
  • County Name: Monterey
  • City Name: PACIFIC GROVE
  • City Postal ID: 44
  • Postal Code: 93950
  • Elementary School: 563
  • Elementary School District: 440
  • Middle School Text: Pacific Grove Middle
  • High School District Text: Pacific Grove Unified
  • High School Text: Pacific Grove High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .09
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $11,000
  • Building Unit Total: 3
  • Capitalization Rate: 4.30
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Coin Operated Equip
  • Vacancy Factor: 1
Income / Expense Details
  • Expense Insurance: $2,200
  • Expense Landscape: $2,400
  • Expense Maintenance: $800
  • Expense Management: $200
  • Expense Trash: $0
  • Expenses Other: $3,000
  • Expenses Utility: $0
  • Expenses Total: $19,600
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance - Exterminator, Services - Gardener
  • Gross Rent Multiplier: 17.35
  • Income Annual Gross: $79,596
  • Income Annual Rental: $79,200
  • Income Gross Scheduled: $80,400
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,350
Unit 2 Information
  • Unit 2 Approx Square Footage: 616
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,350
Unit 3 Information
  • Unit 3 Approx Square Footage: 613
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,800
Unit Type 1
  • Unit Type1 Approx SqFt: 616

Property History for 150 Lighthouse Avenue

DateEvent & SourcePriceAppreciation
Mar 20, 2025

Sold

EBRD #ML81990624

$1,395,000
Mar 20, 2025

Sold

MLSListings #ML81990624

$1,395,000
Mar 12, 2025

Sold (Public Record)

Public Record #1553542083

$1,395,000

+5.7% / yr

Feb 13, 2025

Pending

MLSListings #ML81990624

Feb 13, 2025

Pending

EBRD #ML81990624

Feb 13, 2025

Contingent - Show

MLSListings #ML81990624

Jan 27, 2025

Listed (Active)

EBRD #ML81990624

$1,395,000
Jan 27, 2025

Listed (Active)

MLSListings #ML81990624

$1,395,000
Oct 15, 2023

Withdrawn

MLSListings #ML81929670

$1,598,000
Oct 15, 2023

Withdrawn

EBRD #ML81929670

Jun 29, 2023

Listed (Active)

MLSListings #ML81929670

$1,598,000
Jun 29, 2023

Listed (Active)

EBRD #ML81929670

$1,598,000
Jun 12, 2017

Withdrawn

EBRD #ML81632378

Jun 12, 2017

Withdrawn

MLSListings #ML81632378

Jun 12, 2017

Withdrawn

SDMLS #ML81632378

Nov 21, 2016

Listed (Active)

MLSListings #ML81632378

$985,000
Nov 21, 2016

Listed (Active)

SDMLS #ML81632378

$985,000
Nov 21, 2016

Listed (Active)

EBRD #ML81632378

$985,000
Oct 13, 2014

Sold

RESFAR #81338343

$785,000
Oct 13, 2014

Sold

MLSListings #ML81338343

$785,000
Oct 13, 2014

Sold

SDMLS #ML81338343

$785,000
Oct 13, 2014

Sold

EBRD #ML81338343

$785,000
Oct 6, 2014

Sold (Public Record)

Public Record #472207220

$785,000

-1.5% / yr

Sep 9, 2014

Pending

EBRD #ML81338343

Sep 9, 2014

Pending

RESFAR #81338343

Sep 9, 2014

Pending

MLSListings #ML81338343

Oct 18, 2013

Listed (Active)

RESFAR #81338343

$799,000
Oct 18, 2013

Listed (Active)

SDMLS #ML81338343

$799,000
Oct 18, 2013

Listed (Active)

EBRD #ML81338343

$799,000
Oct 18, 2013

Listed (Active)

MLSListings #ML81338343

$799,000
Jan 5, 2006

Sold

EBRD #ML80522853

$895,000
Jan 5, 2006

Pending

EBRD #ML80522853

Jan 5, 2006

Sold

MLSListings #ML80522853

$895,000
Jan 5, 2006

Sold

RESFAR #80522853

$895,000
Jan 5, 2006

Pending

MLSListings #ML80522853

Jan 5, 2006

Pending

RESFAR #80522853

Dec 2, 2005

Sold (Public Record)

Public Record #172167740

$895,000

+17.1% / yr

May 1, 2005

Price Change

RESFAR #80522853

$995,000
May 1, 2005

Listed (Active)

EBRD #ML80522853

$995,000
May 1, 2005

Listed (Active)

RESFAR #80522853

$895,000
May 1, 2005

Listed (Active)

MLSListings #ML80522853

$995,000
Aug 26, 2003

Sold (Public Record)

Public Record #118490862

$625,000
DateEvent & SourcePrice
03/20/2025

Sold

EBRD #ML81990624

$1,395,000
03/20/2025

Sold

MLSListings #ML81990624

$1,395,000
03/12/2025

Sold (Public Record)

Public Record #1553542083

$1,395,000

+5.7% / yr

02/13/2025

Pending

MLSListings #ML81990624

02/13/2025

Pending

EBRD #ML81990624

02/13/2025

Contingent - Show

MLSListings #ML81990624

01/27/2025

Listed (Active)

EBRD #ML81990624

$1,395,000
01/27/2025

Listed (Active)

MLSListings #ML81990624

$1,395,000
10/15/2023

Withdrawn

MLSListings #ML81929670

$1,598,000
10/15/2023

Withdrawn

EBRD #ML81929670

06/29/2023

Listed (Active)

MLSListings #ML81929670

$1,598,000
06/29/2023

Listed (Active)

EBRD #ML81929670

$1,598,000
06/12/2017

Withdrawn

EBRD #ML81632378

06/12/2017

Withdrawn

MLSListings #ML81632378

06/12/2017

Withdrawn

SDMLS #ML81632378

11/21/2016

Listed (Active)

MLSListings #ML81632378

$985,000
11/21/2016

Listed (Active)

SDMLS #ML81632378

$985,000
11/21/2016

Listed (Active)

EBRD #ML81632378

$985,000
10/13/2014

Sold

RESFAR #81338343

$785,000
10/13/2014

Sold

MLSListings #ML81338343

$785,000
10/13/2014

Sold

SDMLS #ML81338343

$785,000
10/13/2014

Sold

EBRD #ML81338343

$785,000
10/06/2014

Sold (Public Record)

Public Record #472207220

$785,000

-1.5% / yr

09/09/2014

Pending

EBRD #ML81338343

09/09/2014

Pending

RESFAR #81338343

09/09/2014

Pending

MLSListings #ML81338343

10/18/2013

Listed (Active)

RESFAR #81338343

$799,000
10/18/2013

Listed (Active)

SDMLS #ML81338343

$799,000
10/18/2013

Listed (Active)

EBRD #ML81338343

$799,000
10/18/2013

Listed (Active)

MLSListings #ML81338343

$799,000
01/05/2006

Sold

EBRD #ML80522853

$895,000
01/05/2006

Pending

EBRD #ML80522853

01/05/2006

Sold

MLSListings #ML80522853

$895,000
01/05/2006

Sold

RESFAR #80522853

$895,000
01/05/2006

Pending

MLSListings #ML80522853

01/05/2006

Pending

RESFAR #80522853

12/02/2005

Sold (Public Record)

Public Record #172167740

$895,000

+17.1% / yr

05/01/2005

Price Change

RESFAR #80522853

$995,000
05/01/2005

Listed (Active)

EBRD #ML80522853

$995,000
05/01/2005

Listed (Active)

RESFAR #80522853

$895,000
05/01/2005

Listed (Active)

MLSListings #ML80522853

$995,000
08/26/2003

Sold (Public Record)

Public Record #118490862

$625,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 150 Lighthouse Avenue

Taxable ValueLand$589,138Additions$337,306Total$926,444
Tax Record2024$9,929 ($827 / month)
Home Facts
Baths3Total Finished SqFt1,693 SqFtAbove Grade Finished SqFt1,693 SqFtStories2Lot Size4,042 SqFtStyleMulti-Family Dwelling (2-4)Year Built1951CountyMONTEREYAPN006-239-012-000Fireplace TypeHas Fireplace

Schools near 150 Lighthouse Avenue

This home is within Pacific Grove Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Robert Down Elementary School
PublicK to 5

Pacific Grove Middle School
Public6 to 8

Pacific Grove High School
Public9 to 12

Community High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of New Star Realty Silicon Valley, Annie Youn, DRE #01771631

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.