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1042 Forest Ave
Pacific Grove, CA 93950
Sunset Apartments · Multifamily Property For Sale
·
40 Units
Investment Highlights
- Rarely available larger Pacific Grove complex - the Sunset Apartments is the first 13+ complex to come available since 2017.
- Bonus depreciation is available through the Big Beautiful Bill
- RUBS billing system in place
- The Pacific Ocean, Asilomar Beaches, Carmel, Pebble Beach, Big Sur, and Monterey.
- 35 remodeled units
- Electric panels have been replaced
Property Facts
| No. Units | 40 | Building Size | 29,920 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1964/2016 |
| Building Class | C | Parking Ratio | 1.57/1,000 SF |
| Lot Size | 1.03 AC | ||
| Zoning | R4 - High Density Residential | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.03 AC |
| Building Size | 29,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1964/2016 |
| Parking Ratio | 1.57/1,000 SF |
| Zoning | R4 - High Density Residential |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Bicycle Storage
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 40 | $2,200 | 750 |
Property Taxes
| Parcel Number | 007-101-003-000 | Improvements Assessment | $6,814,263 |
| Land Assessment | $3,551,390 | Total Assessment | $10,365,653 |
Property Taxes
Parcel Number
007-101-003-000
Land Assessment
$3,551,390
Improvements Assessment
$6,814,263
Total Assessment
$10,365,653
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