NOT LISTED FOR SALE
4 Beds
3 Baths
2,862 Sq Ft
8,102 Sq Ft Lot

Last Sold February 28, 2020

Last sale price $1,225,000 $428 Per Sq Ft

Highlights

  • City View
  • Craftsman Architecture
  • Wood Flooring
  • La Mesa Elementary School Rated A-
  • Deck
  • Attic

About This Home

As of February 2020

Trophy triplex in Monterey with historic charm! This craftsman style triplex consists of two, one bedroom, one bathroom units upstairs and one, two bedroom, one bathroom unit downstairs. This unit sits on an expansive double lot close to the Naval Post Graduate School and local beaches. Park your car and enjoy the amenities of downtown Monterey a quick jaunt away. The property includes a finished detached garage with water, full basement with coin operation laundry plus extra secured storage space for tenants use. Each unit has its own PG&E meter, full kitchen, separate bedroom and living room.

Last Agent to Sell the Property

Susan Cardinale

Coldwell Banker Realty License #02045240 Listed on: 01/16/2020

Coldwell Banker Realty

Last Buyer's Agent

Ben Zoller

Monterey Coast Realty License #01967810

Property Details

Home Type

  • Multi-Family

Year Built

  • 1925

Lot Details

  • 8,102 Sq Ft Lot
  • Fenced
  • Mostly Level
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Parking

  • 1 Car Detached Garage
  • Secured Garage or Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Craftsman Architecture
  • Post and Beam
  • Raised Foundation
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,862 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Storage Room
  • City Views
  • Finished Basement
  • Crawl Space
  • Security Lights
  • Attic

Kitchen

  • Gas Cooktop
  • Range Hood
  • Microwave
  • Freezer
  • Tile Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $64,800

Community Details

Building Details

  • 2 Leased Units
  • Gardener Expense $1,048
  • Insurance Expense $2,665
  • Manager Expense $8,632
  • Other Expense $228
  • Utility Expense $2,765
  • Trash Expense $1,220
  • Operating Expense $17,958
  • Gross Income $64,746

Additional Features

  • 2,862 Sq Ft Building
  • Coin Laundry
  • Building Fire Escape

Property Details

Home Type

Multi-Family

Year Built

1925

Lot Details

0

Parking

1

Listing Details

  • Zoning: Multi Fam
  • Subclass: Triplex
  • Style: Craftsman
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2862
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1925

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Gas, Countertop - Tile, Freezer, Hood Over Range, Microwave, Refrigerator
  • Living Sq Ft: 2862
  • Stories: 2
  • Security: Fire Escape, Secured Garage / Parking, Security Lights
  • Laundry: Coin Operated
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum
  • Additional Rooms: Attic, Basement - Finished, Storage

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Perimeter And Slab, Crawl Space, Post And Beam, Raised
  • Roof: Composition, Rolled Composition
  • View: City
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Deck, Drought Tolerant Plants, Fenced, Low Maintenance
  • Construction Type: Concrete, Concrete Block, Masonry, Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 3
  • Garage Parking Features: Detached Garage, Off-Street Parking, Parking Area

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Electric, Fireplace, Forced Air, Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • High School: 545

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1860
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8100.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.10
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2665
  • Expense Landscape: 1048
  • Expense Management: 8632
  • Expenses Other: 228
  • Expenses Total: 17958
  • Expenses Utility: 2765
  • Expense Trash: 1220
  • Income Annual Gross: 64746.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 65400
  • Income Includes: Laundry
  • Income Other: 600
  • Meters: Master Electric, Master Gas, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Laundry, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

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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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
02/28/2020 02/28/20 Sold $1,225,000 -1.9% $428 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $1,249,000 -- $436 / 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 $14,532 $1,339,713 $656,186 $683,527
2024 $14,532 $1,313,445 $643,320 $670,125
2023 $14,092 $1,287,692 $630,706 $656,986
2022 $13,898 $1,262,444 $618,340 $644,104
2021 $13,697 $1,237,691 $606,216 $631,475
2020 $1,392 $114,631 $36,372 $78,259
2019 $1,449 $112,384 $35,659 $76,725
2018 $1,399 $110,181 $34,960 $75,221
2017 $1,306 $108,022 $34,275 $73,747
2016 $1,285 $105,904 $33,603 $72,301
2015 -- $104,314 $33,099 $71,215
2014 $1,249 $102,271 $32,451 $69,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81779263

MLSListings

APN: 001-834-003