403 Central Avenue

Pacific Grove, CA 93950

$1,790,000
Price
Beds
2,338 Sq. Ft.
$766 / Sq. Ft.
2,338
Sq. Ft.
$766
per Sq. Ft.

Description

"Secret Garden Beach House". 1 block to the world famous Lovers Point Beach! Scenic walking/bike path to the Aquarium and Cannery Row. Ocean breezes, crashing surf and sea life lulling you to sleep from this amazing home. 1 block to the famous Pacific Grove downtown shops, restaurants, art galleries, and enjoy a latte as you stroll through this lovely beach town. One of the best school systems on the Monterey Peninsula! Home to famous authors, artists, Steinbeck Literature writers, one of the towns..."Secret Garden Beach House". 1 block to the world famous Lovers Point Beach! Scenic walking/bike path to the Aquarium and Cannery Row. Ocean breezes, crashing surf and sea life lulling you to sleep from this amazing home. 1 block to the famous Pacific Grove downtown shops, restaurants, art galleries, and enjoy a latte as you stroll through this lovely beach town. One of the best school systems on the Monterey Peninsula! Home to famous authors, artists, Steinbeck Literature writers, one of the towns where you can leave your worries aside because it is a neighborhood! Ocean views & beautiful kayaking and diving. This is a home town with so much artistic and culinary diversity nestled along the ocean just minutes to Carmel, Pebble Beach and Pacific Grove Golf Course. Property is a Triplex featuring a First floor main house approximately 1,302 sqft. spacious 2 bed 1 bath with high ceilings, laundry room & sunny Atrium with garden views, Second floor ocean view 773 sqft. 1 bed 1 bath unit with own kitchen and deck, laundry & huge storage attic. A Detached 263 sqft. Guest House (subject to City rent control) with kitchen & 2 car garage and large storage loft. Rental Income is estimated. All plumbing and electrical has been updated. This ocean view beach house has it all!
  1. Listed by Deba Christensen • DRE #00990575 • Brokerage DRE #01908304 • Coldwell Banker Realty • 831-236-8800

Property Details for 403 Central Avenue

MLS City Name
PACIFIC GROVE
Building Type
TRIPLEX
Style
Colonial
Garage Spaces
2
Parking Spaces
0
View
Ocean
Cross Street
Monterey Avenue
LISTING UPDATED: 11/10/2024 12:21 AM

Property Details for 403 Central Avenue

StatusActive
MLS #ML81982767
Days on Compass45
Taxes$12,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1901
Lot Size0.12 AC / 5,400 SF
CountyMonterey County

Building Information for 403 Central Avenue

Stories2Residences3Year Built1901Building Size-Lot Size0.12 AC / 5,400 SF

Property Information for 403 Central Avenue

Features
Room Information
  • Additional Rooms: Atrium, Storage
  • Kitchen: Countertop - Formica, Dishwasher, Hood Over Range, Microwave, Oven Range - Gas, Refrigerator, Varies by Unit
Features
  • Energy Features: Low Flow Shower, Low Flow Toilet, Solar Power On Grid
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 2338
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Floor Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Natural Gas, Public Utilities, Solar
  • Water: 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
  • Area Text: Central Ave/Downtown
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Other
  • Street Number: 403
  • Street Name: Central
  • Street Suffix: Avenue
  • Area ID: 128
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 2338
  • Structure SqFt Source: Assessor
  • Age: 123
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: Multi Residential
Location Information
  • City Limits: Yes
  • Parcel Number: 006-195-002-000
  • 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, Post and Pier
  • Horse Property: No
  • Lot Acres: .12
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard, Balcony / Patio, Deck, Fenced
Multi Family Information
Building Information
  • No Of Leased: 0
General Information
  • Annual Tax Amount: $12,000
  • Building Unit Total: 3
  • Capitalization Rate: 5.27
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $6,000
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $1,440
  • Expenses Other: $0
  • Expenses Utility: $2,040
  • Expenses Total: $21,480
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 15.46
  • Income Annual Gross: $115,800
  • Income Annual Rental: $115,800
  • Income Gross Scheduled: $115,800
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $4,500
Unit 2 Information
  • Unit 2 Approx Square Footage: 773
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $3,300
Unit 3 Information
  • Unit 3 Approx Square Footage: 263
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $1,850
Unit Type 1
  • Unit Type1 Approx SqFt: 1302

Property History for 403 Central Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 403 Central Avenue

Taxable ValueLand$663,000Additions$510,000Total$1,173,000
Tax Record2023$10,869 ($906 / month)
Home Facts
Baths2Total Finished SqFt2,338 SqFtAbove Grade Finished SqFt2,338 SqFtStories2Lot Size5,400 SqFtStyleMulti-Family Dwelling (2-4)Year Built1915CountyMONTEREYAPN006-195-002-000Fireplace TypeHas Fireplace

Schools near 403 Central 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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403 Central Avenue is a multi-family home for sale in Pacific Grove, CA 93950. This property was listed for sale on October 3, 2024 by Coldwell Banker Realty, it's currently listed at $1,790,000. 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. 403 Central Avenue is a 0-bed, 0-bath, 2,338 sqft multi-family home built in 1901.

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 Coldwell Banker Realty, Deba Christensen, DRE #00990575

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.