Address not disclosed Pacific Grove, CA 93950

Downtown Pacific Grove 4-unit complex located 4 blocks to the Pacific Ocean. The complex features 4 two bedroom / one bathroom units averaging 800+ sq. ft. Top story units have some ocean views and all units have neighborhood views. The rents have significant potential upside - $500 to $600 per month. Two tenants have given notice to move in the next 60 days enabling the buyer to remodel units and bring rents to market within months of the close of escrow. The kitchens have formica counters, oven/stove, and a dishwasher. The living rooms are spacious with a gas freestanding fire place. Each unit has a large master bedroom with lots of closet space. Bathrooms have ceramic tile counters and tub showers. Each unit has a 33 sq. ft. storage area with high ceilings. The laundry equipment is owned by the complex and the fees can be increase to generate more income. Tenants pay their own PG&E and gas for hot water - 5 water heaters on site. Large storage area for equipment and supplies.