246 Locust Street

Pacific Grove, CA 93950

$1,550,000
Price
Beds
1,467 Sq. Ft.
$1,057 / Sq. Ft.
1,467
Sq. Ft.
$1,057
per Sq. Ft.

Description

Charming Multi Unit in a prime Pacific Grove location! First time on the market, this exceptional property is a gem. Nestled between Lighthouse and Pine, this multi unit home features 3 thoughtfully updated 1bd/1ba units, each showcasing modern amenities while preserving the home's original charm. Unit 1 approx. 686 sf is spacious and boasts beautiful hardwood floors, quartz countertops, and a Wolf range. Stunning stained-glass windows add a unique touch, enhancing the overall beauty of the space....Charming Multi Unit in a prime Pacific Grove location! First time on the market, this exceptional property is a gem. Nestled between Lighthouse and Pine, this multi unit home features 3 thoughtfully updated 1bd/1ba units, each showcasing modern amenities while preserving the home's original charm. Unit 1 approx. 686 sf is spacious and boasts beautiful hardwood floors, quartz countertops, and a Wolf range. Stunning stained-glass windows add a unique touch, enhancing the overall beauty of the space. Unit 2 approx. 485 sf is a cozy retreat featuring hardwood floors and quartz counters, a new GE stove and a charming loft area perfect for extra storage or a cozy reading nook. The studio with approx. 296 sf is a compact yet stylish space with laminate flooring, a small kitchen with quartz counters and a loft. All units maximize storage, ensuring functional living spaces. Outside, youll find a quaint backyard complete with a lovely garden and a charming She Shed. Close to town and beaches.
  1. Listed by Shankle RE Team • DRE #70010260 • Brokerage DRE #00899496 • Sotheby's International Realty • 831-915-2800

Property Details for 246 Locust Street

MLS City Name
PACIFIC GROVE
Building Type
TRIPLEX
Style
Bungalow
Garage Spaces
0
Parking Spaces
0
Cross Street
Lighthouse
LISTING UPDATED: 11/08/2024 10:56 AM

Property Details for 246 Locust Street

StatusActive
MLS #ML81986109
Days on Compass8
Taxes$9,422 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1922
Lot Size0.08 AC / 3,485 SF
CountyMonterey County

Virtual Tour

Building Information for 246 Locust Street

Stories1Residences3Year Built1922Building Size-Lot Size0.08 AC / 3,485 SF

Property Information for 246 Locust Street

Features
Room Information
  • Kitchen: Countertop - Other, Hood Over Range, Refrigerator
Features
  • Energy Features: Double Pane Windows, Skylight
  • Fireplace: No
  • Flooring: Hardwood, Laminate, Vinyl / Linoleum
  • Laundry: Washer / Dryer
  • Living SqFt: 1467
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Floor Furnace, Stove - Wood, Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public, Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Water: Individual Water Meter, Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Exterior: Dual Pane Windows
  • Area Text: Washington Park/Marino Pines
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 246
  • Street Name: Locust
  • Street Suffix: Street
  • Area ID: 129
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 1467
  • Structure SqFt Source: Other
  • Age: 102
Development Information
  • Construction Type: Wood, Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: Multi
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 006-334-004-000
  • County Name: Monterey
  • City Name: PACIFIC GROVE
  • City Postal ID: 44
  • Postal Code: 93950
  • Elementary School District: 440
  • High School District Text: Pacific Grove Unified
Lot Information
  • Foundation: Concrete Perimeter, Crawl Space
  • Horse Property: No
  • Lot Acres: .08
  • Lot Description: Grade - Gently Sloped
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard
Multi Family Information
Building Information
  • No Of Leased: 1
General Information
  • Annual Tax Amount: $9,422
  • Building Unit Total: 3
  • Capitalization Rate: -.17
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,745
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $12,167
  • Operating Expenses Include: None
  • Gross Rent Multiplier: 161.46
  • Income Annual Gross: $9,600
  • Income Annual Rental: $9,600
  • Income Gross Scheduled: $9,600
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Approx Square Footage: 485
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Approx Square Footage: 296
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $800
Unit Type 1
  • Unit Type1 Approx SqFt: 686

Property History for 246 Locust Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 246 Locust Street

Taxable ValueLand$601,503Additions$284,346Total$885,849
Tax Record2023$9,562 ($797 / month)
Home Facts
Baths3Total Finished SqFt697 SqFtAbove Grade Finished SqFt697 SqFtStories1Lot Size3,600 SqFtStyleMulti-Family Dwelling (2-4)Year Built1922CountyMONTEREYAPN006-334-004-000Fireplace TypeHas Fireplace

Schools near 246 Locust Street

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.

Similar Homes

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246 Locust Street is a multi-family home for sale in Pacific Grove, CA 93950. This property was listed for sale on November 8, 2024 by Sotheby's International Realty, it's currently listed at $1,550,000. This listing's school district is Pacific Grove Unified School District. Nearby schools include Robert Down Elementary School, Pacific Grove Middle School and Pacific Grove High School. 246 Locust Street is a 0-bed, 0-bath, 1,467 sqft multi-family home built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Shankle RE Team, DRE #70010260

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.