New Listing
$2,600,000
( $731.98Per Sq Foot )
 $13,957 est/mo Sourced by Back At You

950 Lighthouse Avenue,Pacific Grove, CA 93950

Pacific Grove, CA 93950

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Description

Exceptional investment opportunity in the highly desirable Pacific Grove market! This impressive property features five beautifully appointed 2-bedroom units, comprised of a fourplex plus a newly added ADU, offering excellent flexibility for investors or owner-occupants. Each unit features amazing finishes, private garages, and large decks, creating an attractive combination of comfort, functionality, and rental appeal. Ideally situated on Lighthouse Avenue just a short walk from Downtown Pacific Grove, the ocean, Pacific Grove Golf Course, the scenic bike path, and more, this property places tenants within easy reach of the best the area has to offer. Capitalize on strong cash-flow potential and long-term appreciation in one of the Monterey Peninsula's most desirable communities, or live in one unit while the remaining four units help carry the expense. With its prime location, versatile unit mix, quality finishes, and proximity to downtown, the coastline, recreation, and local amenities, this is a must-see opportunity in the heart of Pacific Grove.

Details

MLS #ML82065741
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1958
Days On Site3
Listing Provided ByReal Brokerage Technologies | The C Group

Features

SQ Feet3,552
Building(s)1
ZoningR3
Acreage0.21

Interior

CoolingNone
HeatingForced Air
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofTar Gravel

Taxes

Property23050

Area Information

StateCA
CountyMonterey
CityPacific Grove
Zip Code93950
Area699 Not Defined
Listing VS Median (in 93950)
Price:
$2,600,000
low | high
Med:
$1,450,000
94.230769230769% of Average
sqft:
3,552
low | high
Med:
2,136
89.864864864865% of Average
$ / sqft:
$732
low | high
Med:
$692
55.469281191322% of Average
On site:
3
low | high
Med:
77.5
3.870967741935% of Average
Sourced by Back At You

Market Activity 93950

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Contact

Learn More About This Property

Wayne Miller

Wayne Miller

LHC Firm Commercial

02088562 (386) 503-2702waynemillerrealestate@gmail.com
StateCA
CountyMonterey
CityPacific Grove
Zip Code93950
Area699 Not Defined
Listing VS Median (in 93950)
Price:
$2,600,000
low | high
Med:
$1,450,000
94.230769230769% of Average
sqft:
3,552
low | high
Med:
2,136
89.864864864865% of Average
$ / sqft:
$732
low | high
Med:
$692
55.469281191322% of Average
On site:
3
low | high
Med:
77.5
3.870967741935% of Average
Sourced by Back At You
Listing Updated: October 27, 2026 at 9:00:40 AM PDT

Wayne Miller - LHC Firm Commerical