NOT LISTED FOR SALE
4 Beds
4 Baths
4,063 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: July 25, 2017

Last sale price $1,598,000 $393 Per Sq Ft

31 Days on Market

Highlights

  • Ocean View
  • Victorian Architecture
  • Carpet
  • 0.24 Acre Lot
  • Forced Air Heating System

About This Home

As of July 2017

Welcome to this beautiful craftsman 4-plex in the heart of Pacific Grove. 4 spacious units, each 1 bedroom/1 bathroom and 2 with incredible ocean views. Located in a highly desirable, ideal location, one can walk to the ocean and recreation trails as well as restaurants, stores and markets. Each unit has an underground parking spot and there are 2 underground guest parking spots as well. Not only is the exterior of this historic property stunning but the interior units and rental rates are fantastic, too. An incredible opportunity awaits you, don't hesitate! (square footage, interior and exterior per the BOMA method per seller, buyer to verify.)

Last Agent to Sell the Property

Joy Jacobs

KW Coastal Estates License #70003531 Listed on: 04/25/2017

KW Coastal Estates

Last Buyer's Agent

Joy Jacobs

KW Coastal Estates License #70003531 Listed on: 04/25/2017

KW Coastal Estates
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1904

Lot Details

  • 10,454

Parking

  • 4 Carport Spaces

Property Views

  • Ocean
  • Downtown

Home Design

  • Quadruplex
  • Victorian Architecture
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,063 Sq Ft Home
  • 3-Story Property

Flooring

  • Carpet
  • Laminate
  • Vinyl

Additional Features

  • 10,454 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $94,440
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $720
  • Insurance Expense $1,594
  • Maintenance Expense $1,056
  • Manager Expense $1,800
  • Utility Expense $7,628
  • Trash Expense $1,500
  • Operating Expense $26,027
  • Gross Income $94,440

Property Details

Home Type

Multi-Family

Year Built

1904

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Zoning: R1
  • Subclass: Fourplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4063
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1904

Interior Features

  • Living Sq Ft: 4063
  • Stories: 3
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Downtown, Ocean, Water

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.2400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10447.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10447.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.46
  • Number Of Leased: 4

Multi Family

  • Expense Insurance: 1594
  • Expense Landscape: 720
  • Expense Maintenance: 1056
  • Expense Management: 1800
  • Expenses Total: 26027
  • Expenses Utility: 7628
  • Expense Trash: 1500
  • Income Annual Gross: 94440.00
  • Income Annual Rental: 94440
  • Income Gross Scheduled: 94440
  • Number Of Buildings: 1
  • Operating Expenses Include: Contract Services, Fee - Property Management, Maintenance, Maintenance - Laundry, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Trash Removal, Utilities
  • Tenant Expenses: Rent Only

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

Closed on
Jan 22, 2021
Sold by
Bought by

Purchase Details

Listed on
Apr 25, 2017
Closed on
Jul 11, 2017
Sold by
Bought by
Seller's Agent
Joy Jacobs
KW Coastal Estates
Buyer's Agent
Joy Jacobs
KW Coastal Estates
List Price
$1,649,000
Sold Price
$1,598,000
Premium/Discount to List
-$51,000
-3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,118,600
Outstanding Balance
$911,797
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2008
Sold by
Bought by

Purchase Details

Closed on
Nov 7, 2005
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
$1,105,000
Interest Rate
6.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 21, 2003
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
$920,000
Interest Rate
5.72%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- None Available
$1,598,000 Old Republic
-- None Available
-- Old Republic Title
-- Accommodation
-- --
$1,150,000 First American 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 $1,118,600
Previous Owner $1,105,000
Previous Owner $920,000
Previous Owner $275,000
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
07/25/2017 07/25/17 Sold $1,598,000 -3.1% $393 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $1,649,000 -- $406 / 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
2026 $20,024 $1,854,610 $870,436 $984,174
2025 $19,061 $1,818,246 $853,369 $964,877
2024 $19,061 $1,782,595 $836,637 $945,958
2023 $19,327 $1,747,643 $820,233 $927,410
2022 $18,936 $1,713,376 $804,150 $909,226
2021 $18,839 $1,679,782 $788,383 $891,399
2020 $18,462 $1,662,559 $780,300 $882,259
2019 $17,876 $1,629,960 $765,000 $864,960
2018 $17,521 $1,598,000 $750,000 $848,000
2017 $11,796 $1,065,981 $440,022 $625,959
2016 $11,823 $1,045,081 $431,395 $613,686
2015 $11,633 $1,029,384 $424,916 $604,468
2014 $11,392 $1,009,221 $416,593 $592,628
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81648377

MLSListings

APN: 006-235-014

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