714-872-0046
818 Sunset Dr, Pacific Grove, CA for Sale
Apartments - FOR SALE
1/5
null | Request Cap Rate

818 Sunset Dr
Pacific Grove, CA 93950


HIGHLIGHTS

  • 100% Leased with opportunity to raise rents
  • Prime Pacific Grove location with stong rent fundamentals
  • Supply constrained market

OVERVIEW

Kidder Mathews is pleased to present 818 Sunset Drive, an 11-unit multifamily investment opportunity located in Pacific Grove, California. The property is currently 100% leased, offering an investor immediate in-place income within one of the Monterey Peninsula’s most desirable and supply-constrained residential markets. The local multifamily market is characterized by a limited supply of apartment properties and significant barriers to new development. These dynamics, coupled with consistently strong demand from residents seeking access to Pacific Grove and the greater Monterey Peninsula, support durable occupancy and long-term rental fundamentals. With 11 units, full occupancy, established cash flow, and a premier coastal location, 818 Sunset Drive represents a rare opportunity to acquire a meaningful multifamily asset in a tightly held California coastal community. The property offers investors the combination of current income, long-term rental demand, and appreciation potential in a market where multifamily investment opportunities of this scale are infrequently available.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

11

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pacific Grove Coastal Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,734 SF

ZONING

-

APN/PARCEL ID

006-633-034-000

ASK ABOUT THIS PROPERTY

Dev PatelKidder MathewsMore Info
714-872-0046

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Dev PatelKidder MathewsMore Info
714-872-0046

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.