216 Cedar St, Pacific Grove, CA 93950

$1,785,000
4
BD
4
BA
2,000
SqFt
List Price
$1,785,000
MLS#
ML81771267
Status
ACTIVE
Bedrooms
4
Total Bathrooms
4
Full Bathrooms
4
Sqft. of Residence
2,000
Lot Size
10,800
Listing Area
Washington Park/Marino Pines
Year Built
1961

Property Description

The Heavy Lifting has been completed. 2 older Duplexes on one large parcel with 4-Water Meters. Minor sub-division into 3-3600 sq.ft. parcels has been approved subject to receiving an Architectural Permit for new construction, further sub-division of Parcels may be possible in the near future? SF Architectural Firm is currently working on Plans for each Lot. Options are endless for this Property. Either fix up units and keep as an Investment (Generous Up-Side Income potential), Build 3 new homes with or w/o ADU's, or Merge 2-Lots and Develope 1 Large home on it and build 1 other home, or even do a lot line adjustment and have 2 nice sized parcels, your choice as the new owner. All units are on month to month. This Property is Listed subject to finding a suitable 1031 replacement. Listing Agent has a Financial interest in this property.

Additional Information

Acres
0.2479
Age
58
Bathroom Features
Shower over Tub - 1
Cooling System
None
Family Room
No Family Room
Floor Covering
Carpet
Foundation
Concrete Perimeter
Garage Parking
Carport, Common Parking Area, Guest / Visitor Parking
Heating System
Wall Furnace
Laundry Facilities
Inside, Washer
Living Area
2,000
Lot Description
Corners Marked, Grade - Mostly Level, Possible Lot Split, Potential Re-Zone, Surveyed
Lot Size
10,800
Neighborhood
Washington Park/Marino Pines
Other Utilities
Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
Pool Description
None
Roof
Composition
Sewer
Sewer - Public
Special Features
Parking
Unincorporated Yn
Yes
View
Neighborhood
Zoning
R-1

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of John Carminati from The Jones Group-Coast & Country Real Estate

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