NOT LISTED FOR SALE
4 Beds
3 Baths
2,271 Sq Ft
5,397 Sq Ft Lot

Sale Details

Date Sold: July 23, 2021

Last sale price $1,225,000 $539 Per Sq Ft

318 Days on Market

Highlights

  • Vaulted Ceiling
  • 2 Car Attached Garage
  • Grass Covered Lot
  • La Mesa Elementary School Rated A-
  • Coin Laundry
  • Carpet

About This Home

As of July 2021

Newly renovated triplex in Monterey. Front unit is a free standing 2 bedroom cottage with private deck, recently painted with new carpet installed. Rear duplex features 2-1 bedroom remodeled units, with vaulted ceilings, underground reserved parking and lots of natural light. New roof installed on front house and both buildings have been professionally painted. There is a stairwell leading up to the back units and the deck landing has been refinished as well. Walking distance to downtown, near the Monterey bike trail only minutes away from Naval Post Graduate School, shopping and dining. Great home and income or investment property located in a very strong rental area. Single ownership since the property was built in 1980! Lots of love and care have been invested in this property. Projected market value rents at $2,200 for unit A & 1,950 for B & C.

Last Agent to Sell the Property

Andrew Phillips

Phillips Real Estate License #02061112 Listed on: 08/08/2020

Last Buyer's Agent

Gin Weathers

Compass License #01295292

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 5,397 Sq Ft Lot
  • Grass Covered Lot

Parking

  • 2 Car Attached Garage
  • On-Street Parking
  • Assigned Parking

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,271 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling

Flooring

  • Carpet
  • Vinyl

Utilities

  • Heating Available

Listing and Financial Details

  • Total Actual Rent $61,200
  • Month-to-Month Lease Term

Community Details

Building Details

  • 2 Leased Units
  • Maintenance Expense $1,596
  • Manager Expense $4,318
  • Operating Expense $12,161
  • Gross Income $59,976

Additional Features

  • 2,271 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

5,397 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: 2C
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2271
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Living Sq Ft: 2271
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Assigned Spaces, Attached Garage, Covered Parking, On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Vaulted Ceiling

Lot Info

  • Lot Acres: 0.1239
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5398.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5398.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 21.16
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Maintenance: 1596
  • Expense Management: 4318
  • Expenses Total: 12161
  • Income Annual Gross: 59976.00
  • Income Annual Rental: 61200
  • Income Gross Scheduled: 61200
  • Income Includes: Coin Operated Equip, Laundry, Lease
  • Meters: Master Water, Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Loan - Mortgage, Maintenance, Maintenance - Laundry, Utilities, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 2

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
Aug 8, 2020
Closed on
Jul 20, 2021
Sold by
Bought by
Seller's Agent
Andrew Phillips
Phillips Real Estate
Buyer's Agent
Gin Weathers
Compass
List Price
$1,250,000
Sold Price
$1,225,000
Premium/Discount to List
-$25,000
-2%

Purchase Details

Closed on
Apr 20, 2018
Sold by
Bought by

Purchase Details

Closed on
Oct 6, 2017
Sold by
Bought by

Purchase Details

Closed on
Dec 26, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 28, 2014
Sold by
Bought by

Purchase Details

Closed on
Nov 26, 2014
Sold by
Bought by

Purchase Details

Closed on
Jan 7, 2005
Sold by
Bought by

Purchase Details

Closed on
Sep 17, 2001
Sold by
Bought by

Purchase Details

Closed on
Jun 26, 2001
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$1,225,000 Chicago Title Company
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- None Available
-- --
-- --
-- --
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
Open $68,750
Previous Owner $100,000
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
07/23/2021 07/23/21 Sold $1,225,000 -2.0% $539 / Sq Ft
06/23/2021 06/23/21 Pending -- -- --
08/08/2020 08/08/20 For Sale $1,250,000 -- $550 / 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 $14,115 $1,299,979 $578,358 $721,621
2024 $14,115 $1,274,490 $567,018 $707,472
2023 $13,692 $1,249,500 $555,900 $693,600
2022 $13,504 $1,225,000 $545,000 $680,000
2021 $6,190 $1,225,000 $545,000 $680,000
2020 $5,960 $543,762 $243,317 $300,445
2019 $6,247 $533,101 $238,547 $294,554
2018 $6,003 $522,649 $233,870 $288,779
2017 $5,567 $512,402 $229,285 $283,117
2016 $5,469 $502,356 $224,790 $277,566
2015 $5,392 $494,811 $221,414 $273,397
2014 $2,840 $251,801 $54,333 $197,468
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81849724

MLSListings

APN: 013-081-004

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