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944-946 Walnut ST

944-946 Walnut ST, Pacific Grove, CA 93950
$1,005,000

Property Summary

  • 4 Beds
  • 2 Baths
  • 1,624 sf Living area
  • 6,400 acres Lot

5.7% CAP RATE!!! - Highest Cap Rate currently available on the Monterey Peninsula by far! Others currently on the market in the area range from 2.3% - 4.0% CAP Rates. This property generates $74,000 in annual rental income. That breaks down to $6,190/mo in rental income. BOTH units have been rented. Unit 944 - 2BD/1BA $3,195/month. Unit 946 - 2BD/1BA $2,995/month - This charming remodeled Duplex features a Contemporary/Modern design with ocean views. Amenities include close proximity to 17 Mile Dr, Asilomar Beach, and Spanish Bay; Pacific Grove schools are some of the best in the state - a bonus for tenants with families. Take advantage of all Pacific Grove has to offer.

Features & Amenities

Interior

Total Bedrooms 4
Total Bathrooms 2
Full Bathrooms 2
Flooring Wood

Area & Lot

Status Sold
Living area 1,624 Sq.Ft.
Lot Size 6,400 Sq.Ft.
MLS® ID ML81697464
Type: RESIDENTIAL
Year Built 1959
School District Pacific Grove Unified

Exterior

Stories 1
Water Source Public
Utilites Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Composition
Air conditioning Ceiling Fan
Sewer Sewer - Public, Sewer Connected
Security Features Security Alarm

Finance

SALES PRICE $1,005,000
Zoning Duplex

Interior

Total Bedrooms 4
Total Bathrooms 2
Full Bathrooms 2
Flooring Wood

Area & Lot

Status Sold
Living area 1,624 Sq.Ft.
Lot Size 6,400 Sq.Ft.
MLS® ID ML81697464
Type: RESIDENTIAL
Year Built 1959
School District Pacific Grove Unified

Exterior

Stories 1
Water Source Public
Utilites Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Composition
Air conditioning Ceiling Fan
Sewer Sewer - Public, Sewer Connected
Security Features Security Alarm

Finance

SALES PRICE $1,005,000
Zoning Duplex

Listing Contact

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