VICTORIAN IN NATURE, PACIFIC GROVE COZY, AND STEPS TO LOVERS POINT! Five studio apartments and a one bedroom, some with ocean views make up this charming Victorian that stands tall and proud flaunting it's recently repainted exterior of stylish colors that reflect the town of Pacific Grove, referred to as Butterfly Town, USA and America's Last Hometown. In the same family since the 1980's, situated on a 4800 square foot lot with two side yards and room for additions or parking, potentially, this well-maintained Victorian 6-plex is fun to own with room for improvement. An idyllic place to live with it's unique coastal environment, vibrant community and rich history, the last home town is offering up this wonderful investment property half a block to the beach at Lovers Point and all the wonders of the scenic coast, dining, shops and the recreation trail.
Courtesy: Real Brokerage Technologies
619-663-8680
Exceptional investment opportunity in the highly desirable Pacific Grove market! This impressive property features five beautifully appointed 2-bedroom units, comprised of a fourplex plus a newly added ADU, offering excellent flexibility for investors or owner-occupants. Each unit features amazing finishes, private garages, and large decks, creating an attractive combination of comfort, functionality, and rental appeal. Ideally situated on Lighthouse Avenue just a short walk from Downtown Pacific Grove, the ocean, Pacific Grove Golf Course, the scenic bike path, and more, this property places tenants within easy reach of the best the area has to offer. Capitalize on strong cash-flow potential and long-term appreciation in one of the Monterey Peninsula's most desirable communities, or live in one unit while the remaining four units help carry the expense. With its prime location, versatile unit mix, quality finishes, and proximity to downtown, the coastline, recreation, and local amenities, this is a must-see opportunity in the heart of Pacific Grove.
Exceptional investment opportunity in the highly desirable Pacific Grove market! This impressive property features five beautifully appointed 2-bedroom units, comprised of a fourplex plus a newly added ADU, offering excellent flexibility for investors or owner-occupants. Each unit features amazing finishes, private garages, and large decks, creating an attractive combination of comfort, functionality, and rental appeal. Ideally situated on Lighthouse Avenue just a short walk from Downtown Pacific Grove, the ocean, Pacific Grove Golf Course, the scenic bike path, and more, this property places tenants within easy reach of the best the area has to offer. Capitalize on strong cash-flow potential and long-term appreciation in one of the Monterey Peninsula's most desirable communities, or live in one unit while the remaining four units help carry the expense. With its prime location, versatile unit mix, quality finishes, and proximity to downtown, the coastline, recreation, and local amenities, this is a must-see opportunity in the heart of Pacific Grove.
Exceptional mixed-use opportunity in the heart of downtown Pacific Grove. Thoughtfully remodeled by a local architect and designed as a sophisticated live/work space, 211 Grand Avenue offers remarkable flexibility for residential, commercial, or combined use. Step outside and enjoy Pacific Grove's charming restaurants, cafés, boutiques, and vibrant downtown, with Lovers Point and the Monterey Bay coastline just a few blocks away. A distinctive property offering an exceptional opportunity to live, work, and enjoy the very best of the Pacific Grove lifestyle.
119 Dewey Ave, Pacific Grove Corner Canvas, A Block and a Half From the Ocean A hard corner this close to the water rarely surfaces in Pacific Grove. At Dewey and Sloat approximately 8,487 square feet with dual street frontage this parcel sits a block and a half from the ocean, steps from Ocean View Boulevard, the Recreation Trail, Cannery Row and the Monterey Bay Aquarium. Walk Score: 89. The value here is in the dirt. A large, approximately 4,040 square foot Quonset hut structure circa 1948 offers various rooms, upper storage, and plenty of space to store and work on cars, operating today as an auto repair garage that generates holding income while a buyer pursues entitlements. Attention Car Week enthusiasts: instant storage for 12 or more vehicles, or create your own "car condo" garage that pays for itself while your architect draws. Consider it a placeholder: a corner lot awaiting a well-designed new project in one of the Peninsula's most protected coastal enclaves. Family-held since 1969. Bring your vision. Zoned C-2. No representation is made regarding permitted uses, density or variances; buyer to investigate with the City of Pacific Grove.
Once-in-a-Generation Trophy Coastal Asset An extraordinary opportunity to acquire one of California's most unique and historically significant coastal properties. Situated on approximately 4.28 acres overlooking the Pacific Ocean at 1352 Lighthouse Avenue, Pacific Grove, this landmark property was formerly occupied by the National Oceanic and Atmospheric Administration (NOAA) and is surrounded by some of the Monterey Peninsula's most iconic destinations. Properties of this scale, historical significance, and irreplaceable oceanfront location rarely become available. This is a true legacy trophy property, ideally suited for high-net-worth individuals, family offices, foundations, educational institutions, research organizations, and mission-driven investors seeking ownership of an iconic California coastal asset. Pursuant to the recorded deed and the City of Pacific Grove's Local Coastal Program, future use of the property is subject to coastal regulations and applicable governmental approvals. Buyers are encouraged to conduct their own independent investigations regarding zoning, permitted uses, development potential, historical resources, environmental regulations, and Coastal Commission requirements.
Ideally located on a corner lot in the heart of Pacific Grove, this unique multi-family investment property has 6 units and 5 garages. There are two 1 bedroom 1 bath units and 4 studios spanning 3026 square feet of high-yield income potential. The garages provide 727 additional square feet of storage. Newer dual pane windows throughout. Recent exterior painting. Units surround a shared inner courtyard for entertaining. Just a short distance from schools, shopping, restaurants, beaches and all the charming character that Butterflytown USA has to offer. Coveted Pacific Grove school district. Don't miss this rare opportunity to add a key asset to your investment portfolio.
Turnkey coastal restaurant opportunity now available. Love Thai Cuisine is a fully operational Thai restaurant located in the highly desirable Monterey Peninsula market with strong tourism and local dining traffic. Business includes a transferable Type 47 Full Liquor License and Type 58 Caterer Permit, creating future upside potential through expanded beverage and catering sales. Approx. 64-seat restaurant with established dine-in, takeout, and delivery operations. Sale includes substantially all furniture, fixtures, equipment, POS systems, draft beer setup, kitchen infrastructure, and operational assets necessary for continued operation, excluding select inventory and consumables. Restaurant currently maintains strong 4.4-star Google reviews. Opportunity exists for experienced owner-operators or hospitality groups to optimize operations. Long-term lease structure in place with renewal options. Confidential sale. NDA and proof of funds may be required.
1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.
1157 Forest Avenue presents a rare mixed-use investment opportunity in one of the Monterey Peninsula's most desirable commercial corridors. Located directly across from Trader Joe's and within a block of Safeway and Lucky, the property benefits from exceptional visibility and daily traffic counts of approximately 17,663 vehicles. The 8,402 square-foot building sits on a large 22,651 square-foot lot and is currently home to nine tenants, including a popular pizzeria, professional service providers, a hair salon, a window showroom, and two residential one-bedroom apartments. Beyond its current income, the property offers significant upside and redevelopment potential. Under the city's updated zoning framework designed to encourage higher-density housing, the site may support redevelopment of up to 24 market-rate residential units (buyer to verify). Additional income potential exists through tenant improvements or changes in use if a cannabis retail license is secured, or if portions of the warehouse space are converted to additional residential units. This combination of stable existing income, exceptional location, and long-term development potential makes 1157 Forest Avenue a uniquely compelling investment opportunity in Pacific Grove.
Pacific Grove is located in California. Pacific Grove, California has a population of 15,169. Pacific Grove is less family-centric than the surrounding county with 26.9% of the households containing married families with children. The county average for households married with children is 35.83%.
The median household income in Pacific Grove, California is $92,980. The median household income for the surrounding county is $82,013 compared to the national median of $69,021. The median age of people living in Pacific Grove is 48 years.
The average high temperature in July is 66.5 degrees, with an average low temperature in January of 42.7 degrees. The average rainfall is approximately 18.3 inches per year, with 0.1 inches of snow per year.
