NOT LISTED FOR SALE
4 Beds
3 Baths
2,044 Sq Ft
5,998 Sq Ft Lot

Last Sold November 19, 2021

Last sale price $1,150,000 $563 Per Sq Ft

34 Days on Market

Highlights

  • City Lights View
  • Deck
  • Wood Flooring
  • Monterey High School Rated A
  • Traditional Architecture
  • 3 Car Detached Garage

About This Home

As of November 2021

This is a great opportunity to own a duplex that is located just a few blocks above downtown Monterey and Fisherman's Wharf, and a short stroll to Cannery Row and Del Monte Beach. You can use it as an investment property and rent them both, live in one and have the flexibility to rent the other or keep it for guests, in-laws, or the kids when they come to visit. This handsome property features a main level three bedrooms and 1 and a half bath home that is approximately 1450 sf. There is a living room with a fireplace, a wet bar, a dining room and a spacious eat in kitchen that leads to a nearly 300 sf deck. There are hardwood floors throughout most of the house and a laundry area. The nearly 600 sf 1 bedroom, 1 bath apartment is located on the lower level and has a living room, an eat in kitchen and its own laundry hookups! All set on a 6000 sf lot and with a detached three car garage.

Last Agent to Sell the Property

Monterey Peninsula Home Team

KW Coastal Estates License #70000352 Listed on: 09/08/2021

KW Coastal Estates

Last Buyer's Agent

Thomas Bristol

Sotheby’s International Realty License #01447566

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1953

Lot Details

  • 5,998 Sq Ft Lot
  • Fenced
  • Lot Sloped Down
  • Mostly Level
  • Grass Covered Lot

Parking

  • 3 Car Detached Garage
  • Guest Parking
  • Off-Street Parking

Property Views

  • City Lights
  • Hills

Home Design

  • Duplex
  • Traditional Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,044 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Tile Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Vented Exhaust Fan

Listing and Financial Details

  • Total Actual Rent $45,445

Community Details

Overview

  • 2,044 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Gardener Expense $700
  • Insurance Expense $1,752
  • Maintenance Expense $800
  • Manager Expense $3,295
  • Operating Expense $19,547
  • Gross Income $45,445

Property Details

Home Type

Multi-Family

Year Built

1953

Lot Details

0

Parking

3

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2044
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1953

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Gas, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2044
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • View: City Lights, Hills
  • Yard/Grounds: Deck, Fenced, Low Maintenance
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Parking Features: Detached Garage, Guest / Visitor Parking, Off-Street Parking

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: Wet Bar

Lot Info

  • Lot Description: Grade - Mostly Level, Grade - Sloped Down
  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 26.30
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1752
  • Expense Landscape: 700
  • Expense Maintenance: 800
  • Expense Management: 3295
  • Expenses Total: 19547
  • Income Annual Gross: 45445.00
  • Income Annual Rental: 45445
  • Income Gross Scheduled: 45445
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
11/19/2021 11/19/21 Sold $1,150,000 -3.8% $563 / Sq Ft
10/13/2021 10/13/21 Pending -- -- --
10/07/2021 10/07/21 Price Changed $1,195,000 -2.4% $585 / Sq Ft
09/08/2021 09/08/21 For Sale $1,225,000 -- $599 / 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 $13,781 $1,400,388 $583,664 $816,724
2024 $13,781 $1,376,460 $572,220 $804,240
2023 $12,797 $1,233,000 $561,000 $672,000
2022 $12,621 $1,150,000 $550,000 $600,000
2021 $1,332 $1,150,000 $550,000 $600,000
2020 $1,285 $109,655 $31,275 $78,380
2019 $1,341 $107,506 $30,662 $76,844
2018 $1,292 $105,399 $30,061 $75,338
2017 $1,204 $103,333 $29,472 $73,861
2016 $1,184 $101,308 $28,895 $72,413
2015 $1,168 $99,787 $28,461 $71,326
2014 $1,150 $97,833 $27,904 $69,929
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81861645

MLSListings

APN: 001-382-027