NOT LISTED FOR SALE

362 Watson St Monterey, CA 93940

Old Town Neighborhood
9 Beds
1 Bath
3,600 Sq Ft
1931 Built

Last Sold October 31, 2012

Last sale price $1,025,000 $285 Per Sq Ft

69 Days on Market

Highlights

  • Bay View
  • Wood Flooring
  • 1-Story Property
  • Monterey High School Rated A
  • Building Patio

About This Home

As of October 2012

Four unit complex w/4 bed/2 bath home-great for owner occupancy or rental. All units in great condition and are sold w/furnishings provided by owner. Great location near MIIS, DLI, and downtown Monterey.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 07/06/2012

Last Buyer's Agent

Jeff Davi

Coldwell Banker Realty License #00979288

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1931

Property Views

  • Bay
  • Mountain
  • Neighborhood

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • Covered Parking
  • Private Parking
  • Uncovered Parking
  • Off-Street Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $80,100
  • The owner pays for cable TV, electric, garbage, services - gardener/landscaping, gas, heating, hot water, water

Community Details

Overview

  • 4 Units
  • 3,600 Sq Ft Building

Amenities

  • Building Patio
  • Community Barbecue Grill

Building Details

  • Insurance Expense $2,113
  • Maintenance Expense $2,000
  • Other Expense $3,400
  • Utility Expense $4,315
  • Trash Expense $624
  • Operating Expense $26,742
  • Gross Income $81,092

Property Details

Home Type

Multi-Family

Year Built

1931

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Inspections Reports: Fault Zone, Geological/Flood, Flood Zone
  • Sale Price Per Sq Ft: 284.72
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 3600
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1931

Interior Features

  • Kitchen: Microwave, Oven Range, Refrigerator
  • Living Sq Ft: 3600
  • Stories: 1
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Flooring: Carpet - Area, Tile, Hardwood, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter, Concrete Slab
  • Roof: Composition
  • View: Bay, Mountains, Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Common Parking Area, Private / Exclusive, Off-Street Parking, Uncovered Parking

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Condo/Co-op/Association

  • HOA Amenities: Patio - Common, Bbq Area

Association/Amenities

  • Amenities Miscellaneous: Storage Locker, Storage Area(s)

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9240.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9240.00
  • Lot Size Area Min Search: 9240.00
  • Maximum Lot Size: 9240.00

Green Features

  • Energy Features: Energy Audit - Required, City/County, Low Flow Shower, Low Flow Toilet, Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month, Less Than 1 Yr
  • Gross Rent Multiplier: 13.10

Multi Family

  • Expense Insurance: 2113
  • Expense Maintenance: 2000
  • Expenses Other: 3400
  • Expenses Total: 26742
  • Expenses Utility: 4315
  • Expense Trash: 624
  • Expense Water Sewer: 2119
  • Income Annual Gross: 81092.00
  • Income Annual Rental: 80100
  • Income Gross Scheduled: 83600
  • Income Includes: Laundry, Parking, Lease
  • Income Laundry: 500
  • Income Other: 3000
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Master Electric, Master Gas, Master Water
  • Minimum Building Height: 1
  • Number Of Buildings: 3
  • Operating Expenses Include: Cable Tv, Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Heat, Utilities - Hot Water, Utilities - Water, Insurance, Maintenance - Laundry, Fee - License/Advertising, Maintenance - Repair, Fee - Property Tax, Supplies, Telephone, Vacancy Factor
  • Owner Pays: Cable Tv, Electric, Garbage, Services - Gardener/Landscaping, Gas, Heating, Hot Water, Water
  • Vacancy Amount: 2508
  • Vacancy Factor: 3

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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List Price
Sold Price
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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
10/31/2012 10/31/12 Sold $1,025,000 -19.9% $285 / Sq Ft
09/13/2012 09/13/12 Pending -- -- --
07/06/2012 07/06/12 For Sale $1,280,000 -- $356 / 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 $13,843 $1,262,201 $677,278 $584,923
2024 $13,843 $1,237,453 $663,999 $573,454
2023 $13,320 $1,213,190 $650,980 $562,210
2022 $13,138 $1,189,403 $638,216 $551,187
2021 $12,948 $1,166,082 $625,702 $540,380
2020 $12,461 $1,154,127 $619,287 $534,840
2019 $13,075 $1,131,498 $607,145 $524,353
2018 $12,554 $1,109,313 $595,241 $514,072
2017 $11,630 $1,087,563 $583,570 $503,993
2016 $11,424 $1,066,239 $572,128 $494,111
2015 $11,262 $1,050,224 $563,535 $486,689
2014 $11,069 $1,029,653 $552,497 $477,156
Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2012

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    2 in this area

    59 Total Sales

    Hap Albers
    Section Image

  • J

    Buyer's Agent in 2012

    Jeff Davi

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81225245

MLSListings

APN: 001-375-039

California Monterey County Monterey 93940 Old Town

362 Watson St, Monterey, CA

Not Listed for Sale

MultiFamily

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