1157 Forest Ave
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1157 Forest Ave
8,402 SF 77% Leased Retail Building Pacific Grove, CA 93950 $2,988,889 ($356/SF) 6.80% Cap Rate
Executive Summary
Investment opportunity 6 Retail Tenants with 2 apartments Potential to convert 2 back spaces to 5 more apartments and retain the best retail. Across from Trader Joe's., units would have amazing ocean views if you go up a story off Street parking excellent long-term tenants the three main retail are over 20 years
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,402 SF
Building Class
B
Year Built
1982
Price
$2,988,889
Price Per SF
$356
Cap Rate
6.80%
NOI
$203,158
Percent Leased
77%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Land Acres
0.52 AC
Zoning
Retail Commercial - retail warehouse
Amenities
- Skylights
Space Availability
- Space
- Size
- Space Use
- Position
- Available
large warehouse with restroom and office can be split to 1200 SF or 900 SF
| Space | Size | Space Use | Position | Available |
| A | 1,786 SF | Retail | End Cap | Now |
A
| Size |
| 1,786 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
A
| Size | 1,786 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
large warehouse with restroom and office can be split to 1200 SF or 900 SF
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 006-713-023-000 | Total Assessment | $1,088,462 |
| Land Assessment | $650,718 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $437,744 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
006-713-023-000
Land Assessment
$650,718
Improvements Assessment
$437,744
Total Assessment
$1,088,462
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
-
Power Broker Anthony Davi -
A.G. Davi Property Management
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1157 Forest Ave
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