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

Sale Details

Date Sold: November 19, 2021

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

34 Days on Market

Highlights

  • City Lights View
  • Traditional Architecture
  • 3 Car Detached Garage
  • Deck
  • Wood Flooring
  • Wet Bar

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
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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

5,998 Sq Ft Lot

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

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
Dec 18, 2025
Sold by
Bought by

Purchase Details

Listed on
Sep 8, 2021
Closed on
Nov 12, 2021
Sold by
Bought by
Seller's Agent
Monterey Peninsula Home Team
KW Coastal Estates
Buyer's Agent
Thomas Bristol
Sotheby’s International Realty
List Price
$1,225,000
Sold Price
$1,150,000
Premium/Discount to List
-$75,000
-6.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 27, 2008
Sold by
Bought by
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 Listed On Document
$1,150,000 Chicago Title Company
-- None Available
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
Previous Owner $650,000
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
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

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 $16,399 $1,428,395 $595,337 $833,058
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

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Map

Source: MLSListings

MLS Number: ML81861645

MLSListings

APN: 001-382-027

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