Log In/Sign Up
Your email has been sent.
Verena Boylan 206 Cypress Ave 2 Unit Apartment Building $1,745,000 ($872,500/Unit) 2.27% Cap Rate Pacific Grove, CA 93950
EXECUTIVE SUMMARY
Located in the heart of downtown Pacific Grove, 206 Cypress Avenue offers a rare opportunity to own a spacious duplex just moments from Lovers Point Beach. Each unit features 3 bedrooms, 1 bathroom, and 1,500 sq ft of light-filled living space. The lower unit showcases updated LVP flooring, high ceilings, and a classic Bay Area apartment feel, with a generous dining area and French doors opening to a private deck. The upper unit, also vacant, mirrors the layout and includes peeks of ocean views. Both units have their own one-car garage and share a bright, welcoming ambiance. Whether you're looking for a good investment or a live-in rental opportunity, this centrally located duplex delivers both allure and versatility.
PROPERTY FACTS
| Price | $1,745,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $872,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 2.27% | Building Size | 3,000 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $1,745,000 |
| Price Per Unit | $872,500 |
| Sale Type | Investment |
| Cap Rate | 2.27% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 3,000 SF |
| No. Stories | 2 |
| Year Built | 1935 |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Dishwasher
- Fireplace
- Kitchen
- Oven
- Views
- Carpet
- Deck
- Dining Room
- Double Pane Windows
- Handrails
- Office
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 2 | $3,250 | 1,500 |
1 1
Walk Score®
Walker's Paradise (91)
1 of 41
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Sotheby's International Realty
Verena Boylan | 206 Cypress Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.