$1,308,000
SOLD MAY 28, 2025

107 Seeno St Monterey, CA 93940

Old Town Neighborhood
5 Beds
3 Baths
2,510 Sq Ft
6,416 Sq Ft Lot

Recently Sold

$521 Per Sq Ft

11% Below List Price

39 Days on Market

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating System
  • 5-minute walk to Monterey State Historic Park
  • Monterey High School Rated A
  • 1-Story Property

About This Home

As of May 2025

Price reduced by $100,000! Welcome to 107-111 Seeno St. Monterey, CA. This is a rare opportunity to acquire a triplex multifamily property in one of Monterey's most desirable neighborhoods, Spaghetti Hill, featuring a mix of 2, two-bedroom units and 1, one-bedroom unit. - Strong Occupancy: High tenant retention with consistent rental demand. - Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment. - Prime Location: Located a block from the famous Monterey Wharf and Downtown Monterey. - Stabilized & Income-Producing: Immediate cash flow with upside potential. Please do not disturb tenants. Offers will be reviewed as they come.

Last Agent to Sell the Property

James Kendall

Baird Partnership, Inc. License #02010395 Listed on: 03/20/2025

Last Buyer's Agent

James Kendall

Baird Partnership, Inc. License #02010395 Listed on: 03/20/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1957

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 2,510 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Additional Features

  • 6,416 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $63,564

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $780
  • Insurance Expense $2,723
  • Maintenance Expense $1,500
  • Manager Expense $3,418
  • Other Expense $1,909
  • Trash Expense $920
  • Operating Expense $27,623
  • Gross Income $63,564

Property Details

Home Type

Multi-Family

Year Built

1957

Lot Details

0

Parking

3

Listing Details

  • Zoning: R-3
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2510
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1957

Interior Features

  • Living Sq Ft: 2510
  • Stories: 1

Exterior Features

  • Foundation: Crawl Space
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1473
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6414.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6414.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 21.63
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2723
  • Expense Landscape: 780
  • Expense Maintenance: 1500
  • Expense Management: 3418
  • Expenses Other: 1909
  • Expenses Total: 27623
  • Expense Trash: 920
  • Income Annual Gross: 63564.00
  • Income Annual Rental: 63564
  • Income Gross Scheduled: 63564
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Water

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $1,308,000 -4.9% $521 / Sq Ft
04/29/2025 04/29/25 Pending -- -- --
04/18/2025 04/18/25 Price Changed $1,375,000 -6.8% $548 / Sq Ft
03/20/2025 03/20/25 For Sale $1,475,000 -- $588 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,375 $371,615 $124,292 $247,323
2024 $4,375 $363,153 $121,855 $241,298
2023 $4,051 $356,033 $119,466 $236,567
2022 $3,996 $349,053 $117,124 $231,929
2021 $3,940 $342,210 $114,828 $227,382
2020 $3,796 $339,902 $113,651 $226,251
2019 $3,974 $333,262 $111,423 $221,839
2018 $3,822 $326,752 $109,239 $217,513
2017 $3,550 $320,370 $107,098 $213,272
2016 $3,489 $314,113 $104,999 $209,114
2015 $3,440 $309,413 $103,422 $205,991
2014 $3,384 $303,377 $101,397 $201,980
Source: Public Records

Agents Affiliated with this Home

  • James Kendall

    Seller's Agent in 2025

    James Kendall

    Baird Partnership, Inc.

    (831) 521-4657

    3 in this area

    22 Total Sales

    James Kendall
    Section Image
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Map

Source: MLSListings

MLS Number: ML81998859

MLSListings

APN: 001-362-010

California Monterey County Monterey 93940 Old Town

107 Seeno St, Monterey, CA

Sold

MultiFamily

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