NOT LISTED FOR SALE

426 Pearl St King City, CA 93930

6 Beds
3 Baths
2,682 Sq Ft
7,501 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $565,000 $211 Per Sq Ft

3 Days on Market

Highlights

  • Tile Countertops
  • Tile Flooring
  • 1-Story Property

About This Home

As of April 2021

3 large two-bedroom / one-bathroom units in King City. Units have their own washer/dryer hookups and gas water heaters. Rents are very low. The property is a short distance to downtown King City (2 blocks) and the King City Shopping Center (Safeway, Rite Aid, Dolllar Tree).

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 03/12/2021

Last Buyer's Agent

Juan Del Real

Remax Property Experts License #01453441

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1967

Lot Details

  • 7,501 Sq Ft Lot

Parking

  • 1 Car Garage
  • 3 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,682 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Tile Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $37,200

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $1,633
  • Maintenance Expense $2,250
  • Manager Expense $2,976
  • Other Expense $100
  • Utility Expense $4,062
  • Trash Expense $1,620
  • Operating Expense $20,645
  • Gross Income $37,170

Property Details

Home Type

Multi-Family

Year Built

1967

Lot Details

0

Parking

1

Listing Details

  • Zoning: R-2 Medium Density
  • Subclass: Triplex
  • Age: 54
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2682
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1967

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile, Oven - Built-In, Refrigerator
  • Living Sq Ft: 2682
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 2
  • Garage Parking Features: Carport, Off-Street Parking, On Street
  • Carport Min: 3

Utilities

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

Schools

  • School District: King City Joint Union High
  • High School: King City High
  • High School: 525

Lot Info

  • Lot Acres: 0.1722
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.63
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1633
  • Expense Landscape: 1200
  • Expense Maintenance: 2250
  • Expense Management: 2976
  • Expenses Other: 100
  • Expenses Total: 20645
  • Expenses Utility: 4062
  • Expense Trash: 1620
  • Income Annual Gross: 37170.00
  • Income Annual Rental: 37200
  • Income Gross Scheduled: 38320
  • Income Includes: Rents, Storage Area
  • Income Other: 1120
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Janitor, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • 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
04/09/2021 04/09/21 Sold $565,000 -5.7% $211 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $599,000 -- $223 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2021

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    2 in this area

    62 Total Sales

    Hap Albers
    Section Image
  • Juan Del Real

    Buyer's Agent in 2021

    Juan Del Real

    RE/MAX

    (831) 809-2424

    1 in this area

    93 Total Sales

    Juan Del Real
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81833938

MLSListings

APN: 026-164-009

California Monterey County King City 93930

426 Pearl St, King City, CA

This home is located at 426 Pearl St, King City, CA 93930 since 12 March 2021. This property was built in 1967. 426 Pearl St is a home located in Monterey County with nearby schools including Santa Lucia Elementary School, Del Rey Elementary School, and Chalone Peaks Middle School.

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