NOT LISTED FOR SALE
9 Beds
1 Bath
3,600 Sq Ft
1931 Built

Sale Details

Date 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

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
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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
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

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Map

Source: MLSListings

MLS Number: ML81225245

MLSListings

APN: 001-375-039

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