Log In/Sign Up
Your email has been sent.
Pacific Grove Coastal Multifamily 818 Sunset Dr 11 Unit Apartment Building For Sale Pacific Grove, CA 93950
Investment Highlights
- 100% Leased with opportunity to raise rents
- Supply constrained market
- Prime Pacific Grove location with stong rent fundamentals
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 11 | Building Size | 8,848 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1964 |
| Building Class | B |
| Sale Type | Investment |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 8,848 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
Amenities
Unit Amenities
- Balcony
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 1 | - | - |
| 2+1 | 9 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 006-633-034-000 | Improvements Assessment | $1,282,992 CAD |
| Land Assessment | $930,259 CAD | Total Assessment | $2,213,251 CAD |
Property Taxes
Parcel Number
006-633-034-000
Land Assessment
$930,259 CAD
Improvements Assessment
$1,282,992 CAD
Total Assessment
$2,213,251 CAD
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Pacific Grove Coastal Multifamily | 818 Sunset Dr
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.