SOLD 09/07/2022
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Commercial sold for $3,390,000 in 34 days
2905 David Ave Pacific Grove, CA, 93950
Off the market Other
Rarely available 10-unit Pacific Grove apartment complex. Highly sought after by tenants and investors. The property is in Pacific Groves Del Monte Park neighborhood and close to DLI and The Presidio of Monterey. Conveniently located near shopping, bus stops and schools. The unit mix consists of 8 (1) bedroom / one-bath and (2) two-bedroom / one-bath units. Each unit is separately metered for water, gas and electricity. Each unit has its own hot water heater and forced air furnace in the unit. The landlord is responsible for sewer, garbage, and common area PG&E & Water. Positive features include 8 of the 10 units have updated kitchens and bathrooms in the past 7-10 years, some units have Luxury Vinyl flooring throughout and all units have double pane windows. Rental income is based on the August 2022 rent roll.
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Property details
7,086 sqft interior area
Land area
11,690 sqft (0.27 acres)
Address
2905 David Ave, Pacific Grove, CA, 93950
City of California
Pacific Grove
County
Monterey
Year Built
1963
District
Del Monte Park
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Interior Features
Hardwood, Tile floors
Roof
Composition
Floor Covering
Hardwood, Tile
Appliances
Refrigerator
Listed by
The Russell Group, eXp Realty of California Inc
Name
The Russell Group
License number
70010200
Brokerage company
eXp Realty of California Inc
MLS #
ML81902827
Buyer agent
Name
Marielena Carriglio
Brokerage company
Coast Realty and Property Management
Payment calculator
Calculate your monthly payments
Mortgage
$10,409
Taxes
$0
HOA dues
$0
Mortgage
$678,000 / 20%
2.28%
30 years
Your amount
$10,409 / month
Lot details
TMK #007634001000
Parcel nr.
007634001000
93950 info
Essentials nearby
Neighborhood stats
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
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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%
41%
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
$1.69m
Neighborhood average
sales price*
sales price*
$1.38m
Neighborhood median
sales price*
sales price*
153
Number
of sales*
of sales*
Housing type
59% are single detacheds
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Rooms
35% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
56% are owners
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Price history
Sold Sep 7, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Sep 7, 2022 | Sold | $3,390,000 | 0 | Public Record |
| Sep 7, 2022 | Price Decrease | $3,390,000 -0.29% | 0 | MLS #ML81902827 |
| Aug 24, 2022 | Pending | $3,400,000 | 0 | MLS #ML81902827 |
| Aug 17, 2022 | Under contract | $3,400,000 | 0 | MLS #ML81902827 |
| Aug 5, 2022 | New Listing | $3,400,000 | 0 | MLS #ML81902827 |
Taxes of 2905 David Ave, Pacific Grove, CA, 93950
R-3 zoning / MLS #ML81902827
Zoning
R-3
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Frequently Asked Questions about 2905 David Ave
What is 2905 David Ave?
2905 David Ave is a Commercial/Industrial propertywith 7,086 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
2905 David 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 05-10-2024. 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: Sep 09, 2022
Verhouse Last checked 5 minutes ago
The closest grocery stores are Save Mart, 0.06 miles away and Trader Joe's, 0.24 miles away.
The 93950 zip area has a population of 68,966, and 33% of the families have children. The median age is 48.81 years and 78% commute by car. The most popular housing type is "single detached" and 56% is owner.
