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Sold for $1,395,000 on 03/20/25
  • $1,395,000

    150 Lighthouse Ave, Pacific Grove, CA 93950

    --beds
    --baths
    1,693sqft
    Triplex,
    Built in 1951
    -- sqft lot
    $1,389,400 Zestimate®
    $824/sqft
    $4,333 Estimated rent

    What's special

    ***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.

    Zillow last checked: 7 hours ago

    Listing updated: March 20, 2025 at 08:54am

    Listed by:

    Annie Youn 01771631 408-561-0468,

    New Star Realty Silicon Valley

    Bought with:

    Brian Brunetti, 02028412

    Sotheby’s International Realty

    Source: MLSListings Inc,MLS#: ML81990624MLS Logo

    Facts & features

    Interior

    Kitchen
    • Features: Countertop_Granite, Countertop_Synthetic, ExhaustFan, PantryCabinet
    Heating
    • Other, Wall Furnace
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Gas Cooktop, Exhaust Fan, Range Hood, Other, Built In Oven, Refrigerator, Washer/Dryer
    • Laundry: Coin Operated
    Features
    • Walk-In Closet(s)
    • Flooring: Hardwood, Other, Tile
    • Doors: Other
    Interior area
    • Total structure area: 1,693
    • Total interior livable area: 1,693 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached
    • Garage spaces: 2
    • Has carport: Yes
    Accessibility
    • Accessibility features: Other
    Features
    • Stories: 2
    • Has view: Yes
    • View description: Ocean
    • Has water view: Yes
    • Water view: Ocean
    Lot
    • Size: 4,042 sqft
    Details
    • Parcel number: 006239012000
    • Zoning: R-1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Triplex,
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1951

    Utilities & green energy

    • Gas: PublicUtilities
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: Pacific Grove

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan
    Services availability
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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow

    Get a free Zillow Showcase℠ listing and you could sell for .

    $1,389,400
    2% more+ $27,788
    With Zillow Showcase(estimated)
    $1,417,188