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2 Moreland Ave
Pacific Grove, CA 93950
The Monarch · Multifamily Property For Sale
·
12 Units
PROPERTY FACTS
| No. Units | 12 | Building Size | 6,281 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2018 |
| Building Class | C | Parking Ratio | 1.75/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | R-1 - Single Family Residential | ||
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,281 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2018 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | R-1 - Single Family Residential |
AMENITIES
UNIT AMENITIES
- Yard
SITE AMENITIES
- Laundry Facilities
ABOUT 2 MORELAND AVE , PACIFIC GROVE, CA 93950
We are pleased to offer the rare opportunity to acquire a turn-key, fully renovated gem of a multifamily asset located in the highly desirable Monterey Peninsula. The property sits in beautiful Pacific Grove, CA, located just minutes away from world-renowned golf and travel destinations- Asilomar State Beach, Spanish Bay, Pebble Beach, 17-Mile-Drive, Carmel Valley, the Monarch Sanctuary, and much more. Local employers are plentiful, providing a steady tenant demographic and high demand for units. The Defense Language Institute, Naval Postgraduate School, The Pebble Beach Company, Department of Defense, are among a multitude of employers in the area. 2 Moreland is located within superior Pacific Grove Unified School District. Elementary, middle and high school public school students regularly rank among the highest API scores in Monterey County, compared with other school districts. Schools, restaurants, shopping, parks, beaches and public transportation are all conveniently located in close proximity to the subject property.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | $1,673 | 535 |
| 2+1 | 4 | $1,898 | 675 |
PROPERTY TAXES
| Parcel Number | 007-634-013-000 | Improvements Assessment | $1,566,788 |
| Land Assessment | $1,334,671 | Total Assessment | $2,901,459 |
PROPERTY TAXES
