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Verena Boylan 206 Cypress Ave 2 Unit Apartment Building $1,675,000 ($837,500/Unit) 2.36% 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 | $1,675,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $837,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 2.36% | Building Size | 3,000 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Zoning | R3 | ||
| Price | $1,675,000 |
| Price Per Unit | $837,500 |
| Sale Type | Investment |
| Cap Rate | 2.36% |
| 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 |
| Parking Ratio | 0.67/1,000 SF |
| 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)
Property Taxes
| Parcel Number | 006-316-003-000 | Improvements Assessment | $287,034 |
| Land Assessment | $208,939 | Total Assessment | $495,973 |
Property Taxes
Parcel Number
006-316-003-000
Land Assessment
$208,939
Improvements Assessment
$287,034
Total Assessment
$495,973
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Sotheby's International Realty
Verena Boylan | 206 Cypress Ave
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