NOT LISTED FOR SALE
6 Beds
4 Baths
2,742 Sq Ft
6,098 Sq Ft Lot

Last Sold June 18, 2015

Last sale price $1,025,000 $374 Per Sq Ft

6 Days on Market

Highlights

  • Ocean View
  • Deck
  • Balcony
  • Monterey High School Rated A
  • Contemporary Architecture
  • 5-minute walk to Hoffman Park

About This Home

As of June 2015

New Monterey fourplex with two 2 bed/1 bath and two 1 bed/1 bath units, all with their own water heater and furnace on separate meters. Long history of rentals. Four carports and common, coin-operated laundry. Decks for most units, some bay views.

Last Agent to Sell the Property

Steve Wilson

Coldwell Banker Realty License #01317654 Listed on: 05/26/2015

Coldwell Banker Realty

Last Buyer's Agent

Lucie Campos

Coldwell Banker Realty License #01345594

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 6,098 Sq Ft Lot
  • Fenced
  • Lot Sloped Down
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Property Views

  • Ocean
  • Bay

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation
  • Masonry

Interior Spaces

  • 2,742 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Storage Room
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • No Garage
  • Lighted Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Barbecue Area

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $58,800
  • No Waterbeds Allowed

Community Details

Overview

Amenities

  • Community Barbecue Grill
  • Coin Laundry
  • Common Utility Room
  • Community Storage Space

Pet Policy

  • Pets Allowed

Building Details

  • 4 Leased Units
  • Insurance Expense $2,940
  • Trash Expense $1,100
  • Operating Expense $9,840
  • Gross Income $59,160

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

0

Listing Details

  • Zoning: R-4
  • Subclass: Fourplex
  • Style: Contemporary
  • Restrictions: Age - No Restrictions, No Waterbeds, Pets - Allowed
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2742
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Formica, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 2742
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room, Storage

Exterior Features

  • Foundation: Concrete Block, Concrete Perimeter And Slab
  • Roof: Shingle
  • View: Bay, Ocean
  • Yard/Grounds: Back Yard, Balcony / Patio, Bbq Area, Deck, Drought Tolerant Plants, Fenced, Low Maintenance
  • Construction Type: Masonry, Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Carport, Covered Parking, Lighted Parking Area, No Garage
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Amenities: Additional Storage, Bbq Area, Common Utility Room

Schools

  • High School: 545

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Acres: 0.1400
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5880.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5880.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month, Security Deposit
  • Gross Rent Multiplier: 14.96
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 2940
  • Expenses Total: 9840
  • Expense Trash: 1100
  • Income Annual Gross: 59160.00
  • Income Annual Rental: 58800
  • Income Gross Scheduled: 59160
  • Income Includes: Coin Operated Equip, Laundry, Lease
  • Income Other: 360
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Laundry, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
06/18/2015 06/18/15 Sold $1,025,000 +15.8% $374 / Sq Ft
06/01/2015 06/01/15 Pending -- -- --
05/26/2015 05/26/15 For Sale $885,000 -- $323 / 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 $13,543 $1,231,888 $841,290 $390,598
2024 $13,543 $1,207,735 $824,795 $382,940
2023 $13,061 $1,184,055 $808,623 $375,432
2022 $12,882 $1,160,839 $792,768 $368,071
2021 $12,697 $1,138,078 $777,224 $360,854
2020 $12,221 $1,126,409 $769,255 $357,154
2019 $12,819 $1,104,323 $754,172 $350,151
2018 $12,311 $1,082,671 $739,385 $343,286
2017 $11,409 $1,061,443 $724,888 $336,555
2016 $11,207 $1,040,631 $710,675 $329,956
2015 $5,724 $519,311 $230,804 $288,507
2014 -- $509,139 $226,283 $282,856
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81466930

MLSListings

APN: 001-102-015