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$2,639,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Car Garage
  • Updated 1 day ago
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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.

Full Property Details for 116 16th St

General

  • Price: $2,639,000
  • Status: Active
  • Type: Multi-Family
  • Source: RE_Infolink
  • MLS ID: ML82046627
  • Updated: 5/11/2026
  • Added to Site: 1 day(s) ago

Rooms

Other Rooms

  • Kitchen: Electric Cooktop, Exhaust Fan, Freezer, Garbage Disposal, Hood over Range, Electric Oven, Refrigerator
  • Laundry: Coin-Operated, Washer/Dryer in Some Units

Additional Information

  • Extras: Not Applicable
  • Security/Safety: Secured Garage / Parking, Security Lights

Parking

  • Garage Spaces: 4
  • Parking Features: Assigned Spaces, Attached Garage, Parking Area

Location

  • Area: Central Ave/Downtown
  • County: Monterey
  • Cross Streets: Ocean View Blvd.

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air

Utilities

  • Sewer: Public Sewer
  • Water: Irrigation Connected, Public
  • Utility Description: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Metering: Master Water, Separate Electric, Separate Gas

Structural Information

  • Foundation: Concrete Slab
  • Roof: Mansard, Polyurethane
  • Disability Access: None
  • Square Feet: 4,120
  • Year Built: 1973

Unit Information

Unit 1

  • Square Feet: 820
  • Bedrooms: 2

Unit 2

  • Square Feet: 820
  • Bedrooms: 2

Unit 3

  • Square Feet: 820
  • Bedrooms: 2

Unit 4

  • Square Feet: 1660
  • Bedrooms: 3

Lot Features

  • Property View: Bay, Ocean
  • Minimum Lot Size: 4200
  • Lot Size (Sq. Ft.): 4,200
  • Building Sites: 1
  • Zoning: Multi Family Dwelling
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 116 16th St —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 116 16th St

School District:Pacific Grove Unified School District
NameGradesDistance
Robert Down Elementary School
485 Pine Avenue, Pacific Grove, CA 93950
K-50.4 mi
Pacific Grove Middle School
835 Forest Avenue, Pacific Grove, CA 93950
6-80.7 mi
Pacific Grove High School
615 Sunset Drive, Pacific Grove, CA 93950
9-121 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 16th St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/11/2026
Listed
$2,639,000
46.61%
MLS
4/02/2007
Sold
$1,800,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 16th St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$22,725
3%
$2,067,250
—
2024
$22,063
—
$2,067,250
3%
2023
$22,085
8%
$2,002,250
8%
2022
$20,428
-1%
$1,852,250
—
2021
$20,727
10%
$1,852,250
9%
2020
$18,874
1%
$1,702,250
—
2019
$18,636
13%
$1,700,000
13%
2018
$16,459
11%
$1,500,000
11%
2017
$14,883
6%
$1,350,000
8%
2016
$14,102
9%
$1,250,000
9%
2015
$12,974
21%
$1,150,000
21%
2014
$10,738
7%
$950,000
6%
2013
$10,074
—
$900,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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116 16th St, Pacific Grove, CA 93950 (MLS# ML82046627) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 116 16th St is currently listed for $2,639,000 and was received on May 11, 2026. This property is listed by Lucie Campos from our Pacific Grove 650 Office.Want to learn more about 116 16th St? Do you have questions about finding other Multi-Family real estate for sale in Pacific Grove? You can browse all Pacific Grove real estate or contact a Coldwell Banker agent to request more information.

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