NOT LISTED FOR SALE

426 Lighthouse Ave Pacific Grove, CA 93950

8 Beds
4 Baths
2,900 Sq Ft
4,356 Sq Ft Lot

Last Sold December 31, 2013

Last sale price $1,040,000 $359 Per Sq Ft

197 Days on Market

Highlights

  • Ocean View
  • Balcony
  • Laundry Facilities
  • Robert Down Elementary School Rated A
  • Tile Flooring
  • 4-minute walk to Berwick Park

About This Home

As of December 2013

426 Lighthouse Avenue in Pacific Grove is comprised of (4) two bedroom/ one bath units in a quaint two-story building with tuck under parking.Each unit averages 700 square feet and has a private deck/balcony some with ocean views. Recent upgrades include new exterior paint, landscaping, irrigation system and repair work to decks and staircase.

Last Agent to Sell the Property

Eduardo Cerna

Eduardo Cerna, Broker License #00947748 Listed on: 04/16/2013

Last Buyer's Agent

Monique Ryan

Coldwell Banker Realty License #01358578

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 4,356

Parking

  • Carport

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,900 Sq Ft Home
  • 3-Story Property
  • Ocean Views

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Tile

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Balcony
  • Lot Sloped Up

Listing and Financial Details

  • Total Actual Rent $72,960
  • The owner pays for electric, garbage, services - gardener/landscaping, water

Community Details

Building Details

  • Gardener Expense $1,200
  • Insurance Expense $909
  • Maintenance Expense $2,000
  • Utility Expense $5,620
  • Operating Expense $21,901
  • Gross Income $71,702

Additional Features

  • 2,900 Sq Ft Building
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R3PGR
  • Subclass: Fourplex
  • Age: 53
  • Sale Price Per Sq Ft: 358.62
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2900
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 2900
  • Stories: 3
  • Laundry: 220 Volt Outlet, Washer/Dryer - Leased Coin-Op, Community Facility
  • Flooring: Tile, Carpet - Wall To Wall, Carpet

Exterior Features

  • Roof: Shingle, Composition
  • View: Local/Neighborhood, Ocean
  • Yard/Grounds: Balcony / Patio

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

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

Condo/Co-op/Association

  • HOA Amenities: Bbq Area

Association/Amenities

  • Amenities Miscellaneous: Storage Locker

Schools

  • School District: Pacific Grove Unified
  • Elementary School: Forest Grove Elementary
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Elementary School: 559
  • Middle School: 561

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4416.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 4416.00
  • Lot Size Area Min Search: 4416.00
  • Maximum Lot Size: 4416.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.87

Multi Family

  • Expense Insurance: 909
  • Expense Landscape: 1200
  • Expense Maintenance: 2000
  • Expenses Total: 21901
  • Expenses Utility: 5620
  • Income Annual Gross: 71702.00
  • Income Annual Rental: 72960
  • Income Gross Scheduled: 73920
  • Income Includes: Lease
  • Income Laundry: 960
  • Maximum Building Height: 3
  • Meters: Separate Gas, Separate Water, Master Water
  • Minimum Building Height: 3
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Utilities - Water, Maintenance - Exterminator, Insurance, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Utilities - Electric
  • Vacancy Amount: 2218
  • Vacancy Factor: 3

Range of Values:

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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 Change Sq Ft Price
12/31/2013 12/31/13 Sold $1,040,000 -5.4% $359 / Sq Ft
10/30/2013 10/30/13 Pending -- -- --
04/16/2013 04/16/13 For Sale $1,099,000 -- $379 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Eduardo Cerna

    Eduardo Cerna, Broker

  • M

    Buyer's Agent in 2013

    Monique Ryan

    Coldwell Banker Realty

    (831) 915-4754

    6 in this area

    22 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81312403

MLSListings

APN: 006-197-013

California Monterey County Pacific Grove 93950

426 Lighthouse Ave, Pacific Grove, CA

This home is located at 426 Lighthouse Ave, Pacific Grove, CA 93950 since 16 April 2013. This property was built in 1961. 426 Lighthouse Ave is a home located in Monterey County with nearby schools including Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School.

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