Active

116 16th Street

Pacific Grove, CA 93950

$2,639,000 $11,126/Mo

Get Pre-Approved Check your credit

Overview

Bed

Bath

4,120

Sqft

4,200

Sqft(Lot)

Description

In the heart of Pacific Grove sits a rare multi-unit opportunity. With just a short distance to Lovers Point Beach and blocks to restaurants, you are arguably in the perfect spot for all the best things PG has to offer. This four-unit property includes a penthouse with 3 bedrooms, 2 bathrooms, a private laundry, and a lovely deck with ocean views. The remaining three units each offer 2 bedrooms, 1 bathroom, and shared laundry area, along with peeks of bay from inside the units. Each unit also enjoys its own private garage. So come, live in your penthouse while generating income from the additional units and get your mortgage paid for, or jump on this amazing investment opportunity in Butterflytown USA.

Property Details

Property Type : Residential Income

Price : $2,639,000

AD Id : 78316165

MLS Id : ML82046627

Beds : 9

Lot Size : 4,200 Sqft

Living Area Size : 4,120

Year Built : 1973

Garage : 4

County : Monterey

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0

Water/Sewer

Water Source: Public Sewer: Public Sewer
Interior Features

Roof: Mansard Property Appliances: Electric Cooktop,Electric Oven,Freezer,Disposal,Refrigerator,Range Hood,Vented Exhaust Fan
Cooling Features

None Air Conditioning

Heating Source

Forced Air Has Heating

Building Information

Year Built: 1973 Building Area Total: 4,120 Roof: Mansard
Foundation

Slab

Security Features

Security Lights
Accessibility Features

None

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.0964
Lot Size Source: Other Lot Size Square Feet: 4200

Listing Price Information

Original List Price: 2,639,000 Listing Contract Date: 2026-05-11
Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 006154007000 Annual Tax: 22000

Other Property Info

Source Listing Status: Active Source Neighborhood: 699 - Not Defined Directions: Cross Street: Ocean View Blvd. Zoning: Multi Family Dwelling Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Quadruplex
Building and Construction

Property Age: 53 Structure Type: Quadruplex Year Built Source: Other Total Square Feet Living: 4120

Sell a home like this and save $157,841 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Loading, please wait...

Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
301 7th Street, Pacific Grove, CA, 93950	$1,225,000	4	--	1,680	1,680 SqFt
160 Monterey Avenue, Pacific Grove, CA, 93950	$1,739,000	6	--	3,321	3,321 SqFt
1186 Jewell Avenue, Pacific Grove, CA, 93950	$1,995,000	5	--	2,427	2,427 SqFt

Similar Multifamily To 116 16th Street

Nearby For Sale

$1,995,000

Multifamily For Sale

1186 Jewell Avenue,
Pacific Grove, CA, 93950

Bed

Sqft

Sqft(Lot)

160 Monterey Avenue,
Pacific Grove, CA, 93950

Bed

Sqft

Sqft(Lot)

301 7th Street,
Pacific Grove, CA, 93950

Bed

Sqft

Sqft(Lot)

116 16th Street,
Pacific Grove, CA, 93950

Bed

4,120

Sqft

4,200

Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/07/2026 @ 04:50

MLS: ML82046627 LISTED BY: Lucie Campos, Coldwell Banker Realty 831-626-2224 SOURCE: CRMLS