SOLD 10/31/2023
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Commercial sold for $3,850,000 in 69 days
1149 Forest Ave Pacific Grove, CA, 93950
Off the market Other
A unique opportunity to own a mix-use building at the gateway of Pacific Grove. The property consists of 4 buildings with one commercial space and 6 residential units - two recently remodeled buildings and two brand new buildings. The front building consists of a commercial space with ocean views and two upper 1 bed/1 bath residential units. The three back buildings are all residential with some units having beautiful ocean views - two 1 bed/1 bath units and two 2 bed/1 bath units. Each unit has one garage space, washer/dryer and individually metered gas/electric and water. All units are completely remodeled or brand new construction. New sewer lateral. Located directly across the street from Trader Joes, Wells Fargo, plazas, gas stations, grocery stores and restaurants plus minutes to downtown Pacific Grove and the beach.
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Property details
5,300 sqft interior area
Land area
9,399 sqft (0.22 acres)
Address
1149 Forest Ave, Pacific Grove, CA, 93950
City of California
Pacific Grove
County
Monterey
Year Built
2022
District
Forest Hill
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Interior Features
Laminate floors
Roof
Shingle
Floor Covering
Laminate
Garage & Parking
Attached
Other rooms
Updated Baths, Updated Kitchen
Appliances
Dishwasher, Refrigerator
Listed by
Julie Kavanaugh, Carmel Coast Estate, Inc.
Name
Julie Kavanaugh
License number
01271808
Brokerage company
Carmel Coast Estate, Inc.
MLS #
ML81939717
Buyer agent
Brokerage company
Atlantic Realty
Payment calculator
Calculate your monthly payments
Mortgage
$11,821
Taxes
$0
HOA dues
$0
Mortgage
$770,000 / 20%
2.28%
30 years
Your amount
$11,821 / month
Lot details
TMK #006713024000
Parcel nr.
006713024000
93950 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
People living in 93950
33%
Families with children
National average: 39%
42%
Non family households
68,966
Population
$139,202
Average Income
Age & gender
Median age 48 years
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Commute types
78% commute by car
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Education level
27% have bachelor education
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Number of employees
8% work in education and healthcare
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Vehicles available
40% have 2 vehicle
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Vehicles by gender
40% have 2 vehicle
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Housing market insights for
$1.71m
Neighborhood average
sales price*
sales price*
$1.38m
Neighborhood median
sales price*
sales price*
156
Number
of sales*
of sales*
Housing type
58% are single detacheds
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Rooms
35% of the houses have 4 or 5 rooms
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Bedrooms
62% have 2 or 3 bedrooms
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Owners vs Renters
56% are owners
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10.5 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Oct 31, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 31, 2023 | Sold | $3,850,000 | 0 | Public Record |
| Oct 31, 2023 | Price Decrease | $3,850,000 -2.53% | 0 | MLS #ML81939717 |
| Oct 18, 2023 | Pending | $3,950,000 | 0 | MLS #ML81939717 |
| Oct 4, 2023 | Under contract | $3,950,000 | 0 | MLS #ML81939717 |
| Aug 24, 2023 | New Listing | $3,950,000 -5.95% | 0 | MLS #ML81939717 |
| Jul 1, 2023 | Unavailable | $4,200,000 | 0 | MLS #ML81922424 |
| Apr 21, 2023 | Price Decrease | $4,200,000 -4.55% | 0 | MLS #ML81922424 |
| Mar 23, 2023 | New Listing | $4,400,000 +263.64% | 0 | MLS #ML81922424 |
| Apr 3, 2017 | Sold | $1,210,000 | 351.64 | Public Record |
| Apr 3, 2017 | Price Decrease | $1,210,000 -6.92% | 351.64 | MLS #ML81641989 |
| Mar 30, 2017 | Under contract | $1,299,900 | 377.77 | MLS #ML81641989 |
| Mar 11, 2017 | New Listing | $1,299,900 | 377.77 | MLS #ML81641989 |
Taxes of 1149 Forest Ave, Pacific Grove, CA, 93950
MX zoning / MLS #ML81939717
Zoning
MX
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Frequently Asked Questions about 1149 Forest Ave
What is 1149 Forest Ave?
1149 Forest Ave is a Commercial/Industrial propertywith 5,300 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1149 Forest Ave, Pacific Grove, CA, 93950.
What comparable properties are nearby?
Comparable nearby commercial properties include 1157 W Forest St, 761-767 Lighthouse Ave, 482 Alvarado St, 486 Alvarado St, 499 Alvarado St, 245 Washington St.
Based on information from the bridgeMLS as of 05-09-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Nov 01, 2023
Verhouse Last checked less than a minute ago
The closest grocery stores are Trader Joe's, 0.07 miles away and Safeway 0761, 0.08 miles away.
The 93950 zip area has a population of 68,966, and 33% of the families have children. The median age is 48.57 years and 78% commute by car. The most popular housing type is "single detached" and 56% is owner.
