This charming triplex at 245-249 Walnut Street offers a rare blend of coastal living and investment potential. With a short walk to Lover's Point Beach and Downtown Pacific Grove, this property is perfectly situated to enjoy the best of the coastal lifestyle. Just a short stroll away from Lover's Point Beach and the vibrant Downtown Pacific Grove, residents can indulge in the beauty of Monterey Bay and the convenience of local amenities. Convenience meets functionality with a washer/dryer in every unit, ensuring residents have the ease of in-house laundry facilities. The 2 bed 1 bath downstairs unit has been thoughtfully renovated with new flooring and fresh paint, providing a modern and inviting living space. The property features a detached garage, basement storage under the front unit, and a workshop attached to the garage, offering plenty of storage space for residents. A recent upgrade in November 2023 includes a new drainage system with French drains and sump pumps, enhancing the property's resilience. Both the front and back units boast high ceilings, adding to the charm of this classic Pacific Grove cottage. With two 1-bedroom units and one 2-bedroom unit, the triplex offers opportunities for conversion to a single-family home or flexible rental arrangements.