$1,414,600
5 Beds
3 Baths
2,493 sqft
718 Forest Ave, Pacific Grove, CA 93950
Est. Refi. Payment $9,054/mo*
Refinance Your HomeCurrently Off Market - Sold Feb 19, 2025 for $1,750,000
Home Value
Trulia Estimate
$1.42MSince last month
Increased$45K (+3.2%)Since last year
Increased$242K (+19.9%)Since last sale
Decreased$296K (-16.9%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value decreased by -53% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $1.45M |
| August 2026 | $1.41M |
| July 2026 | $1.29M |
| June 2026 | $1.33M |
| May 2026 | $1.38M |
| April 2026 | $1.39M |
| March 2026 | $1.39M |
| February 2026 | $1.4M |
| January 2026 | $1.34M |
2025 | |
2024 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.17 | Multi-Family Home | $1,285,000 | 02/03/26 | 6 | 2 | 2,004 | |
0.47 | Multi-Family Home | $1,580,000 | 06/05/26 | 8 | 4 | 3,436 | |
0.51 | Multi-Family Home | $1,650,000 | 07/01/26 | 6 | 4 | 3,321 | |
0.48 | Multi-Family Home | $1,500,000 | 03/17/26 | 5 | 2 | 3,000 | |
0.68 | Multi-Family Home | $1,550,000 | 07/16/26 | 4 | 4 | 2,235 | |
0.83 | Multi-Family Home | $1,400,000 | 05/13/26 | 6 | 3 | 2,204 | |
0.53 | Multi-Family Home | $1,200,000 | 07/20/26 | 4 | 2 | 1,680 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.03 | $1,220,000 | 3 | 2 | 1,352 | Recently Sold | |
0.09 | $1,557,500 | 2 | 2 | 1,685 | Off Market | |
0.12 | $1,370,000 | 3 | 2 | 1,418 | Recently Sold | |
0.14 | $1,790,100 | 3 | 2 | 1,398 | Off Market | |
0.13 | $1,637,800 | 5 | 3 | 2,448 | Off Market | |
0.17 | $1,285,000 | 6 | 2 | 2,004 | Recently Sold | |
0.17 | $2,050,000 | 2 | 2 | 1,534 | Recently Sold | |
0.17 | - | - | - | - | Off Market | |
0.14 | $2,108,800 | 3 | 3 | 2,030 | Off Market | |
0.19 | $972,400 | 2 | 1 | 768 | Off Market | |
0.17 | $1,847,600 | 3 | 3.5 | 2,335 | Off Market |
Local Information
- Map ViewExplore the area around 718 Forest Ave.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Multi-Family
Built in 1950
2,493 sqft
$567/sqft
Garage
About this House
What's unique:Coastal views
Charming multi-unit property in Pacific Grove, the last hometown.
Discover a unique investment opportunity in one of the most picturesque locations on the California coast. This well-maintained multi-unit property offers the perfect blend of beachside living and rental income potential.
Features:
Location: Just a short stroll from the beach in the desirable Pacific Grove area.
Units: 3 separate units providing versatile living and rental options.
Unit 1: Spacious 2-bedroom, 1-bathroom ideal for living comfortably while enjoying coastal views.
Unit 2: Cozy 2-bedroom, 1-bathroom perfect for generating rental income.
Unit 3: Charming 1-bedroom, 1-bathroom another excellent source of rental income.
Highlights:
Income Potential: Live in one unit and rent out the other two to maximize your investment.
Investment Opportunity:
Multi use, residential/commercial opportunities .
Reason to Love :
Pacific Grove is known for its serene environment, charming neighborhoods, and close-knit community. This property offers a unique chance to experience all the perks of coastal living while leveraging rental income to offset your living expenses.
Enjoy the convenience of walking a few blocks to the beautiful Pacific Grove coastline.
Send us an offer!
Discover a unique investment opportunity in one of the most picturesque locations on the California coast. This well-maintained multi-unit property offers the perfect blend of beachside living and rental income potential.
Features:
Location: Just a short stroll from the beach in the desirable Pacific Grove area.
Units: 3 separate units providing versatile living and rental options.
Unit 1: Spacious 2-bedroom, 1-bathroom ideal for living comfortably while enjoying coastal views.
Unit 2: Cozy 2-bedroom, 1-bathroom perfect for generating rental income.
Unit 3: Charming 1-bedroom, 1-bathroom another excellent source of rental income.
Highlights:
Income Potential: Live in one unit and rent out the other two to maximize your investment.
Investment Opportunity:
Multi use, residential/commercial opportunities .
Reason to Love :
Pacific Grove is known for its serene environment, charming neighborhoods, and close-knit community. This property offers a unique chance to experience all the perks of coastal living while leveraging rental income to offset your living expenses.
Enjoy the convenience of walking a few blocks to the beautiful Pacific Grove coastline.
Send us an offer!
718 Forest Ave, Pacific Grove, CA 93950 is a 5 bedroom, 3 bathroom, 2,493 sqft multi-family in Fifth Addition, built in 1950. It last sold for $1,750,000 on Feb 19, 2025 (22% below the $2,250,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,414,600, with a rent estimate of $3,399/month.
Last check for updates: about 21 hours ago
Listed by Patrick John McEldowney 01443630, (831) 869-8153
CENTURY 21 Masters, (831) 648-7271
Bought with: Patrick John McEldowney 01443630, (831) 869-8153, CENTURY 21 Masters, (831) 648-7271
Source: MLSListings Inc, MLS#ML81974910
Home Details for 718 Forest Ave
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Interior Details Number of Rooms: 1Types of Rooms: Kitchen |
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 3 |
Dimensions and Layout Living Area: 2493 Square Feet |
Appliances & Utilities Utilities: Public Utilities, Water Public, Individual Electric MetersAppliances: Electric Cooktop, Gas Cooktop, Dishwasher, RefrigeratorDishwasherRefrigerator |
Heating & Cooling Heating: Fireplace(s),Gas,Wall FurnaceHas CoolingAir Conditioning: Ceiling Fan(s)Heating Fuel: Fireplace S |
Gas & Electric Gas: PublicUtilities |
Windows, Doors, Floors & Walls Window: Skylight(s)Flooring: Hardwood, Vinyl Linoleum |
Levels, Entrance, & Accessibility Stories: 2Accessibility: ParkingFloors: Hardwood, Vinyl Linoleum |
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Exterior Home Features Roof: CompositionFoundation: Slab, Crawl Space, Concrete Perimeter and Slab |
Parking & Garage Number of Garage Spaces: 3Number of Covered Spaces: 3Has a CarportHas a GarageParking Spaces: 3Parking: Attached |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Year Built Year Built: 1950 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex, Residential Income |
Property Information Included in Sale: DishwasherAllUnits, OvenRangeAllUnitsParcel Number: 006547011000 |
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Price List Price: $2,250,000 |
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MLS Status: Sold |
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Direction & Address City: PacificGrove |
School Information Elementary School District: PacificGroveUnifiedHigh School District: PacificGroveUnifiedWalk Score: 84 |
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Building Area Building Area: 2493 |
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Lot Area: 5200 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: ExclusiveRightToSellListing Terms: CashorConventionalLoan |
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Mls Number: ML81974910 |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Feb 19, 2025 Source: MLSListings Inc #ML81974910 | Sold | $1,750,000 |
Feb 12, 2025 Source: MLSListings Inc #ML81974910 | Pending | $2,250,000 |
Sep 17, 2024 Source: MLSListings Inc #ML81974910 | PriceChange | $2,250,000 Price decreased by 25% |
Sep 5, 2024 Source: MLSListings Inc #ML81974910 | Listed For Sale | $3,000,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $1,785,000 |
Home facts updated by county records
Market trends in Pacific Grove
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
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Available listings
47
4MoM
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Fifth Addition
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Based on information from the MLSListings MLS as of 2026-09-24 13:02:42 PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Frequently asked questions about 718 Forest Ave
- What is 718 Forest Ave estimated to be worth?Trulia's estimated value for 718 Forest Ave in Pacific Grove, CA is $1,414,600.
- What is the price history for 718 Forest Ave?718 Forest Ave in Pacific Grove, CA last sold for $1,750,000 in February 2025.
- Is Pacific Grove a buyer's or seller's market?Pacific Grove is currently a buyer's market, based on recent for-sale activity.
- What are the closest schools to 718 Forest Ave?The closest schools to 718 Forest Ave in Pacific Grove, CA are Pacific Grove High School (rated 10/10), Pacific Grove Middle School (rated 9/10), Robert Down Elementary School (rated 8/10).
- Does 718 Forest Ave have air conditioning?Yes, 718 Forest Ave in Pacific Grove, CA has air conditioning.
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