NOT LISTED FOR SALE
8 Beds
4 Baths
3,180 Sq Ft
5,998 Sq Ft Lot

Sale Details

Date Sold: May 29, 2025

Last sale price $1,665,000 $524 Per Sq Ft

5 Days on Market

Highlights

  • Ocean View
  • Contemporary Architecture
  • Coin Laundry
  • Monterey High School Rated A
  • Forced Air Heating System
  • Carpet

About This Home

As of May 2025

Welcome to this spacious 3,180 sq ft 4 plex located in the charming city of Monterey. Ocean views and relaxing outdoor space for tenants. This property offers a versatile layout ideal for a range of lifestyles. Flooring throughout the home includes carpet and vinyl/linoleum, offering both comfort and durability. Situated on a minimum lot size of 6,000 sq ft, the property provides ample space for outdoor activities and relaxation. Walking distance to cannery row, the ocean, downtown and everything the Monterey Peninsula has to offer.

Last Agent to Sell the Property

Lori Clark

Monterey Peninsula Properties License #01055055 Listed on: 05/09/2025

Last Buyer's Agent

User The C Group

Real Brokerage Technologies License #70010221

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 5,998

Home Design

  • Quadruplex
  • Contemporary Architecture
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 3,180 Sq Ft Home
  • 2-Story Property
  • Ocean Views
  • Oven or Range

Flooring

  • Carpet
  • Vinyl

Parking

  • 5 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • 5,998 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $112,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Insurance Expense $3,100
  • Other Expense $208
  • Utility Expense $160
  • Trash Expense $413
  • Operating Expense $11,981
  • Gross Income $112,147

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

5,998 Sq Ft Lot

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Style: Contemporary
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3180
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 3180
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition, Shingle
  • View: Ocean

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 545

Lot Info

  • 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): Lease(s)
  • Gross Rent Multiplier: 16.32
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3100
  • Expenses Other: 208
  • Expenses Total: 11981
  • Expenses Utility: 160
  • Expense Trash: 413
  • Income Annual Gross: 112147.00
  • Income Annual Rental: 112800
  • Income Gross Scheduled: 113280
  • Income Includes: Laundry
  • Income Other: 480
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Loan - Mortgage, Utilities - Electric
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 1

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

Listed on
May 9, 2025
Closed on
May 28, 2025
Sold by
Manni Robert and Manni Robin
Bought by
Seller's Agent
Lori Clark
Monterey Peninsula Properties
Buyer's Agent
User The C Group
Real Brokerage Technologies
List Price
$1,849,000
Sold Price
$1,665,000
Premium/Discount to List
-$184,000
-9.95%
Views
12

Purchase Details

Closed on
Sep 23, 2016
Sold by
Manni Robert D
Bought by
Manni Robert and Manni Robin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2002
Sold by
Braga Stanley A and Braga Valerie A
Bought by
Manni Robert D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$590,000
Interest Rate
6.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 24, 1996
Sold by
Braga Stanley A and Braga Valerie A
Bought by
Braga Valerie A and Braga Marshal

Purchase Details

Closed on
Jan 22, 1996
Sold by
Baroni James J
Bought by
Braga Stanley A and Braga Valerie A
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
$1,665,000 Chicago Title Company
Manni Robert -- Chicago Title Company
Manni Robert D $810,000 Old Republic Title Company
Braga Valerie A -- --
Braga Stanley A $431,500 Old Republic Title Company
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 $800,000
Previous Owner Manni Robert D $780,000
Previous Owner Manni Robert D $630,000
Previous Owner Manni Robert D $590,000
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
05/29/2025 05/29/25 Sold $1,665,000 -10.0% $524 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
05/09/2025 05/09/25 For Sale $1,849,000 -- $581 / 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 $14,009 $1,698,300 $714,000 $984,300
2025 $12,926 $1,173,131 $724,158 $448,973
2024 $12,926 $1,150,129 $709,959 $440,170
2023 $12,400 $1,127,579 $696,039 $431,540
2022 $12,230 $1,105,471 $682,392 $423,079
2021 $12,053 $1,083,796 $669,012 $414,784
2020 $11,600 $1,072,684 $662,153 $410,531
2019 $12,169 $1,051,652 $649,170 $402,482
2018 $11,686 $1,031,033 $636,442 $394,591
2017 $10,827 $1,010,817 $623,963 $386,854
2016 $10,635 $990,998 $611,729 $379,269
2015 $10,483 $976,114 $602,541 $373,573
2014 $10,304 $956,995 $590,739 $366,256
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML82006201

MLSListings

APN: 001-073-007

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