735 Mermaid Ave., Pacific Grove, CA 93950 - ML81800036

Listing ID : ML81800036

Beds
4
Baths
4/0
Structure / Lot Size
1,760 Sqft / 0.0412 Acre
Year
1962

Description

You are a stone's throw from Lover's Point & less than 1 block from the ocean in this rare investment opportunity in Pacific Grove. This tri-plex boasts an upstairs 2bd/2ba unit with 2 large bedrooms, bay views through the expansive picture windows as well as a long, ample balcony that lets in the ocean breeze and salty air. Your tenants can listen to the seagulls coo while having their morning coffee in the lovely great room that exudes charm & character. The 2 downstairs units are each 1 bd/1ba with sliding doors leading to a private back yard patio. Both downstairs units are updated with clean bathrooms & kitchens. The upstairs unit is currently a permitted & successful short term rental. The location of this property is prime... walk to restaurants, the beach, rec trail, farmer's market OR bike to both Asilomar & the Aquarium (& all that Cannery Row has to offer) - attractive & perfect for short term renters & long term ternants. This peak property is a once-in-a-lifetime find!

Details

Type: Single-Family Sale

Subdivision: Beach Tract/fairway Homes

MLS Area: Beach Tract/Fairway Homes

County: Monterey

Tax ID: 006-074-023-000

School District: Pacific Grove Unified

Building Type: Detached

Building Size: 1,760 SqFt

Days on Market: 935

Amenities: Open Beam Ceiling

Cooling: None

Energy Saving: Tankless Water Heater

Flooring: Carpet, Laminate, Tile

Foundation: Concrete Slab

Heating: Wall Furnace

Horse Property: No

Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Formica, Countertop - Tile, Garbage Disposal, Hood Over Range, Oven Range, Oven Range - Electric, Refrigerator, Skylight

Laundry: Electricity Hookup (220V), Gas Hookup

Property Type: Residential Sale

Roof: Tar and Gravel

Sewer: Sewer - Public

Style: Bungalow

Sub Type: Single Family Home

Utilities: Public Utilities

View: Bay, Neighborhood, Ocean

Water: Public

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Interactive

735 Mermaid Ave., Pacific Grove, CA 93950
Directions to here from: 155 mi

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Area Information 93950

Population:

15,853 Up .04% since 2010

Average Income:

$123,187

Average Age:

50Years

Gender:

46.35%Male
53.65%Female

Households:

7,49919.95% with children

Average Value:

$1,431,299

Occupancy:

45.09%Owned
54.91%Rented
15.17%Vacant

Education:

15.74%High School
9.11%Associate
29.17%Bachelor
23.73%Graduate

Average Residency:

19Years

Crime Rate:

Average

Annual Rainfall:

18.56Inches

Earthquake Risk:

Very High

Ozone Risk:

Below Average

Pollution Risk:

Average

Tornado Risk:

Very Low

History

Date	Transaction	Price	Mortgage Amt & Lender
Date Jul 06, 2020	Transaction Canceled - ResidentialML81799803	Price $1,200,000	Mortgage Amt & Lender - -
Date Mar 31, 2017	Transaction Canceled - ResidentialML81634174	Price $1,070,000	Mortgage Amt & Lender - -

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Listed by The Jacobs Team with KW Coastal Estates

Based on information from the MLSListings MLS) as of 1/27/2023. 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.

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 1/27/2023. 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. ©2023 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes

Office: 888-603-IPRO

735 Mermaid Ave. - $1,200,000