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.