NOT LISTED FOR SALE
4 Beds
4 Baths
1,354 Sq Ft
5,828 Sq Ft Lot

Last Sold September 24, 2020

Last sale price $780,000 $576 Per Sq Ft

8 Days on Market

Highlights

  • Balcony
  • 2 Car Attached Garage
  • Fenced
  • La Mesa Elementary School Rated A-
  • Ceiling Fan
  • Paved or Partially Paved Lot

About This Home

As of September 2020

Triplex with good income history. Ideally located in the heart of Monterey's Oak Grove district with in walking distance to Naval Post Graduate School, Monterey Peninsula College, Del Monte Beach and downtown Monterey. One 2bed/2bath unit and two 1bed/1bath units with 2 parking spots per tenant and a 1-car garage for the 2 bedroom unit. Both studio's were upgraded in 2019.

Last Agent to Sell the Property

Paul Riddolls

Sotheby’s International Realty License #01948389 Listed on: 07/30/2020

Sotheby’s International Realty

Last Buyer's Agent

Bret Chernetsky

Better Homes And Gardens Real Estate By The Sea License #01974495

Better Homes And Gardens Real Estate By The Sea

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 5,828 Sq Ft Lot
  • Fenced
  • Paved or Partially Paved Lot
  • Level Lot
  • Grass Covered Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Triplex
  • Combination Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1,354 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Gas Oven

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $46,920
  • Month-to-Month Lease Term

Community Details

Overview

  • 1,354 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,130
  • Maintenance Expense $6,000
  • Utility Expense $2,760
  • Operating Expense $15,490
  • Gross Income $46,920

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

5,828 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Triplex
  • Style: Flat
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1354
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: 220 Volt Outlet, Oven - Gas
  • Living Sq Ft: 1354
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Combination
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Fenced, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Parking Area

Utilities

  • Cooling System: Ceiling Fan, Window / Wall Unit
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level, Paved
  • Lot Acres: 0.1338
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5830.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5830.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.90
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1130
  • Expense Maintenance: 6000
  • Expenses Total: 15490
  • Expenses Utility: 2760
  • Income Annual Gross: 46920.00
  • Income Annual Rental: 46920
  • Income Gross Scheduled: 46920
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Utilities - Water
  • Tenant Expenses: Miscellaneous/Other, Services - Trash Removal
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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
09/24/2020 09/24/20 Sold $780,000 +11.6% $576 / Sq Ft
08/08/2020 08/08/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $699,000 -- $516 / Sq Ft
Source: MLSListings

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 $9,334 $844,295 $595,337 $248,958
2024 $9,334 $827,741 $583,664 $244,077
2023 $8,947 $811,512 $572,220 $239,292
2022 $8,824 $795,600 $561,000 $234,600
2021 $8,697 $780,000 $550,000 $230,000
2020 $5,343 $486,845 $287,787 $199,058
2019 $5,600 $477,300 $282,145 $195,155
2018 $5,381 $467,942 $276,613 $191,329
2017 $4,991 $458,768 $271,190 $187,578
2016 $4,903 $449,773 $265,873 $183,900
2015 $4,834 $443,018 $261,880 $181,138
2014 $4,753 $434,341 $256,751 $177,590
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81803527

MLSListings

APN: 001-836-002

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