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192 Sloat Ave

Pacific Grove, CA 93950

(5.49%) $2,150,000

  • Multi Unit
  • Active
  • 2 Beds
  • 3,564 SqFt
  • MLS# ML81807525

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Ideal location within Coastal Zone which may qualify for 'future' consideration and permitting as a 'Short-Term Rental' investment as determined by the City of Pacific Grove and the California Coastal Commission. Resting on the cusp of Ocean View Blvd, The Monterey Bay Aquarium and Cannery Row, this 5 unit(4 with ocean views), fully leased 1bed/1bath 'low' maintenance apartment complex is available today for SALE. Strong NOI with healthy cap rate, this investment has strong measurables and room to increase rents robustly for years to come. Pride of Ownership and well maintained, this 'rare' find is a turnkey with positive cash flow 'Day One.' Contact the City of Pacific Grove's Community Development Dept for rules and guidelines for future 'Short Term Rental' permit opportunities.

Location

Cross Street:

1st Avenue and Ocean View Blvd

City:

Pacific Grove

County:

Monterey

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Interior Features

Exterior Features

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Listing Agent:

Michael Zabrycki

Listing Brokerage:

Michael Zabrycki, Broker

Based on information from the MLSListings™ MLS as of 11/26/20. MLS Listing Information displayed on the VOW is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

This data is up-to-date as of 11/26/20. For the most current information, contact
McGuire Client Care at 800-473-7858 or clientcare@mcguire.com.

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