1042 Forest AVE new Save Request In-Person Tour Request Virtual Tour
Pacific Grove,CA 93950
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 29,920 sqft
Price per Sqft $467
MLS Listing ID ML82024593
Style Ranch
Bedrooms 2
Full Baths 1
Year Built 1964
Lot Size 1.031 Acres
Property Sub-Type Five or More Units
Property Description
Pacific Grove apartment complexes rarely become available. This property is the first 13+ unit complex to be offered for sale since 2017. The complex features all 748 sq. ft two-bedroom / one bathroom units. 35/40 units have been remodeled. Important point for investors: President Trump's Big Beautiful Bill has very valuable provisions for real estate investors acquiring real estate in 2025 and beyond. Potentially, an investor is eligible for Bonus Depreciation. Please investigate or talk to your CPA. Other positives include a property-owned laundry facility, a RUBS billing system in place, new electric panels in 2024, and minimal landscaping. The complex benefits from Pacific Grove schools and an amazing location - the Pacific Ocean, downtown PG, the Asilomar beaches, Monterey Bay Aquarium, Pebble Beach, CHOMP, and Carmel are all very close. Starbucks is 30 yards. Other amenities include Trader Joe's, Safeway, InShape Fitness gym, multiple banks, and multiple restaurants.
Location
State CA
County Monterey
Area Country Club Gate/Forest Grove
Building/Complex Name Sunset Apartments
Zoning High Density Residential (HDR)
Rooms
Other Rooms Storage
Kitchen Countertop - Formica,Countertop - Granite,Exhaust Fan,Hood Over Range,Oven Range - Gas,Refrigerator
Interior
Heating Gas,Wall Furnace
Cooling None
Flooring Carpet,Laminate,Tile,Vinyl / Linoleum
Laundry Coin Operated,Washer / Dryer
Exterior
Exterior Feature Fenced
Parking Features Assigned Spaces,Off-Street Parking,On Street,Parking Area
Community Features BBQ Area
Utilities Available Individual Electric Meters,Individual Gas Meters
View Ocean
Roof Type Composition
Building
Foundation Concrete Slab,Crawl Space
Sewer Sewer Connected
Water Private / Mutual
Others
Special Listing Condition Not Applicable