845 Lighthouse Ave, Pacific Grove, CA 93950

$2,695,000
4,770
SqFt

Property Description

Rare opportunity to own a high income, low maintenance, 7 unit apartment building in the heart of Pacific Grove. This pristine two-story building is a well maintained, turnkey, investment possessing the intangibles: solid performance in appreciation and cash flow growth. The Monterey Peninsula and Pacific Grove's 'Hometown' ambiance attract international and national attention: ATT Pebble Beach, International 'Car Week', year-round activities, attractions(Lover's Point, Cannery Row, The Aquarium, Asilomar beach) and festive events(Fourth of July 'Feast of Lanterns). High tenant demand for local residences is driven by a steady influx of students/staff for DLI(Defense Language Institue), the Naval Post Graduate School and Middlebury Institute of International Studies, in addition to a constant stream of individuals and families drawn to a new home on the Central Coast with its almost surreal array of coastal beaches, mountains, restaurants, golf courses and California wineries.

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Courtesy of Michael Zabrycki, Broker, Michael Zabrycki.

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