NOT LISTED FOR SALE

160 Monterey Ave Pacific Grove, CA 93950

7 Beds
4 Baths
3,321 Sq Ft
7,200 Sq Ft Lot

Last Sold May 16, 2018

Last sale price $1,640,000 $494 Per Sq Ft

8 Days on Market

Highlights

  • Bay View
  • Forced Air Heating System
  • 3-minute walk to Berwick Park
  • Robert Down Elementary School Rated A
  • 1-Story Property

About This Home

As of May 2018

Lovely 4 unit in the heart of downtown Pacific Grove with easy access to the Lover's point beach, the recreation trail and the aquarium. The building is a converted church from back in the day and the character allows for the vaulted cathedral ceilings in the upstairs loft and the owner's unit.The property has great rental history over the past 30+ years. The property sits on a street to street lot and the largest unit is a 3 bedroom with access on 11th street.This is a wonderful investment opportunity.

Last Agent to Sell the Property

Debby Beck

David Lyng Real Estate License #01747647 Listed on: 03/14/2018

David Lyng Real Estate

Last Buyer's Agent

Greg Piini

Piini Realty License #01889295

Property Details

Home Type

  • Multi-Family

Year Built

  • 1926

Lot Details

  • 7,200 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Quadruplex
  • Tile Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,321 Sq Ft Home
  • 1-Story Property
  • Bay Views

Utilities

  • Forced Air Heating System
  • Floor Furnace
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $64,485

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $2,208
  • Manager Expense $3,304
  • Utility Expense $3,581
  • Trash Expense $515
  • Operating Expense $14,467
  • Gross Income $64,485

Property Details

Home Type

Multi-Family

Year Built

1926

Lot Details

0

Listing Details

  • Zoning: R-3 PGR
  • Subclass: Fourplex
  • Age: 92
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3321
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1926

Interior Features

  • Living Sq Ft: 3321
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Tile
  • View: Bay

Garage/Parking

  • Garage Parking Features: On Street

Utilities

  • Heating System: Central Forced Air - Gas, Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Acres: 0.1653
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7200.00

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month
  • Gross Rent Multiplier: 24.73
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2208
  • Expense Management: 3304
  • Expenses Total: 14467
  • Expenses Utility: 3581
  • Expense Trash: 515
  • Income Annual Gross: 64485.00
  • Income Annual Rental: 64485
  • Income Gross Scheduled: 64485
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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 Change Sq Ft Price
05/16/2018 05/16/18 Sold $1,640,000 +2.8% $494 / Sq Ft
03/23/2018 03/23/18 Pending -- -- --
03/14/2018 03/14/18 For Sale $1,595,000 -- $480 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Debby Beck

    David Lyng Real Estate (Carmel offices)

    Section Image
  • Greg Piini

    Buyer's Agent in 2018

    Greg Piini

    Piini Realty

    (831) 422-5327

    47 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81696312

MLSListings

APN: 006-196-005

California Monterey County Pacific Grove 93950

160 Monterey Ave, Pacific Grove, CA

This home is located at 160 Monterey Ave, Pacific Grove, CA 93950 since 14 March 2018. This property was built in 1926. 160 Monterey Ave is a home located in Monterey County with nearby schools including Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School.

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