NOT LISTED FOR SALE

400 Pine Ave Pacific Grove, CA 93950

8 Beds
6 Baths
3,936 Sq Ft
5,401 Sq Ft Lot

Last Sold December 01, 2015

Last sale price $1,150,000 $292 Per Sq Ft

67 Days on Market

Highlights

  • Deck
  • Balcony
  • Forced Air Heating System
  • Robert Down Elementary School Rated A
  • Ceramic Countertops
  • Carpet

About This Home

As of December 2015

Unit A+B are upstairs - both 3/2 and peek of the bay from the balcony. Units C+D are downstairs and have patios. Unit D has a fireplace. Great location, close to schools, downtown and the bay. Pride of ownership and good curb appeal. Per city of PG this is a legal non-conforming Triplex in a R-2 zone

Last Agent to Sell the Property

Joy Welch

Coldwell Banker Realty License #00902236 Listed on: 07/20/2015

Coldwell Banker Realty

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1973

Lot Details

  • 5,401 Sq Ft Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,936 Sq Ft Home
  • 2-Story Property

Kitchen

  • Electric Oven
  • Dishwasher
  • Ceramic Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $66,960

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,560
  • Insurance Expense $3,464
  • Maintenance Expense $576
  • Manager Expense $7,303
  • Other Expense $160
  • Utility Expense $7,160
  • Trash Expense $729
  • Operating Expense $24,437
  • Gross Income $66,960

Property Details

Home Type

Multi-Family

Year Built

1973

Lot Details

0

Listing Details

  • Zoning: R4
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3936
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1973

Interior Features

  • Kitchen: Countertop - Ceramic, Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator
  • Living Sq Ft: 3936
  • Stories: 2
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Deck

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Schools

  • High School: 560

Lot Info

  • Lot Acres: 0.1240
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.00
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 3464
  • Expense Landscape: 1560
  • Expense Maintenance: 576
  • Expense Management: 7303
  • Expenses Other: 160
  • Expenses Total: 24437
  • Expenses Utility: 7160
  • Expense Trash: 729
  • Income Annual Gross: 66960.00
  • Income Annual Rental: 66960
  • Income Gross Scheduled: 66960
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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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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
12/01/2015 12/01/15 Sold $1,150,000 -14.1% $292 / Sq Ft
09/25/2015 09/25/15 Pending -- -- --
07/20/2015 07/20/15 For Sale $1,339,000 -- $340 / 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 $14,284 $1,362,561 $591,896 $770,665
2024 $14,284 $1,334,669 $580,291 $754,378
2023 $14,512 $1,308,500 $568,913 $739,587
2022 $14,219 $1,282,844 $557,758 $725,086
2021 $14,148 $1,257,691 $546,822 $710,869
2020 $13,865 $1,245,996 $541,216 $704,780
2019 $13,426 $1,221,589 $530,604 $690,985
2018 $13,160 $1,197,660 $520,200 $677,460
2017 $12,948 $1,174,200 $510,000 $664,200
2016 $12,979 $1,151,200 $500,000 $651,200
2015 $3,557 $303,763 $42,643 $261,120
2014 $3,485 $297,837 $41,808 $256,029
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81485982

MLSListings

APN: 006-269-005