$1,045,000
PENDING $105K PRICE DROP

Estimated payment $5,836/month

Total Views 15,411
4 Beds
2 Baths
1,974 Sq Ft
$529 Price per Sq Ft

About This Home

DUPLEX in the Heart of Monterey Each unit includes 2 bedrooms and 1 bathroom, offering spacious living with excellent long-term tenants in place. This property features two charming units, each with 902 square feet of living space. Just minutes from Montereys renowned natural beauty, beaches, shops, wharf, and cultural attractions, its also conveniently located near downtown, the Naval Postgraduate School, and Monterey Peninsula College. Garage parking is not included, street parking is available. Live in one unit and rent out the other, expand into a 4-bedroom home, or keep it as a solid investment property. Priced to move quickly dont miss this excellent opportunity to enjoy the lifestyle and charm of Monterey.

Listing Agent

Doug Steiny

Sotheby’s International Realty License #00681652 Listed on: 08/11/2025

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,932

Year Built

  • 1952

Lot Details

  • 3,999 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,974 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

Community Details

Overview

  • 1,974 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $1,100
  • Insurance Expense $1,614
  • Maintenance Expense $11,853
  • Manager Expense $2,490
  • Other Expense $375
  • Operating Expense $21,254
  • Gross Income $46,611

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,932

Year Built

1952

Lot Details

0

Listing Details

  • Zoning: R 3-6
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1974
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1952

Interior Features

  • Living Sq Ft: 1974
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public, Sewer In Street

Lot Info

  • Lot Acres: 0.0918
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4000.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 21.75
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1614
  • Expense Landscape: 1100
  • Expense Maintenance: 11853
  • Expense Management: 2490
  • Expenses Other: 375
  • Expenses Total: 21254
  • Income Annual Gross: 46611.00
  • Income Annual Rental: 48053
  • Income Gross Scheduled: 48053
  • Income Includes: Lease
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Sewer, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Vacancy Factor: 3

Map

Range of Values:

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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

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 $3,932 $344,515 $153,118 $191,397
2024 $3,932 $337,761 $150,116 $187,645
2023 $3,714 $331,139 $147,173 $183,966
2022 $3,663 $324,647 $144,288 $180,359
2021 $3,611 $318,282 $141,459 $176,823
2020 $3,478 $315,019 $140,009 $175,010
2019 $3,644 $308,843 $137,264 $171,579
2018 $3,502 $302,788 $134,573 $168,215
2017 $3,250 $296,852 $131,935 $164,917
2016 $3,193 $291,033 $129,349 $161,684
2015 $3,148 $286,663 $127,407 $159,256
2014 $3,096 $281,049 $124,912 $156,137
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2025 11/04/25 Pending -- -- --
11/04/2025 11/04/25 Price Changed $1,045,000 -4.6% $529 / Sq Ft
09/29/2025 09/29/25 Price Changed $1,095,000 -4.8% $555 / Sq Ft
08/11/2025 08/11/25 For Sale $1,150,000 -- $583 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Old Republic Title
Interfamily Deed Transfer -- Old Republic Title
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $165,000 No Value Available
Source: Public Records

Source: MLSListings

MLS Number: ML82017701

MLSListings

APN: 001-844-014-000