NOT LISTED FOR SALE
5 Beds
3 Baths
2,510 Sq Ft
6,416 Sq Ft Lot

Sale Details

Date Sold: May 28, 2025

Last sale price $1,308,000 $521 Per Sq Ft

39 Days on Market

Highlights

  • 3 Car Detached Garage
  • Forced Air Heating System
  • 4-minute walk to Lower Presidio 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

Lot Details

  • 6,416

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

6,416 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 20, 2025
Closed on
May 8, 2025
Sold by
Bought by
Seller's Agent
James Kendall
Baird Partnership, Inc.
Buyer's Agent
James Kendall
Baird Partnership, Inc.
List Price
$1,475,000
Sold Price
$1,308,000
Premium/Discount to List
-$167,000
-11.32%
Views
110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.0683%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 10, 2012
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 2011
Sold by
Bought by

Purchase Details

Closed on
Jan 6, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 6, 2006
Sold by
Bought by

Purchase Details

Closed on
Sep 25, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
0.0699%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 10, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$245,000
Interest Rate
0.0699%
Mortgage Type
Commercial
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,308,000 Old Republic Title Company
-- None Available
-- None Available
-- None Available
-- None Available
-- --
-- Stewart Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,200,000
Previous Owner $245,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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Map

Source: MLSListings

MLS Number: ML81998859

MLSListings

APN: 001-362-010

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