NOT LISTED FOR SALE

489 Laurel Ave Pacific Grove, CA 93950

6 Beds
5 Baths
3,166 Sq Ft
5,998 Sq Ft Lot

Last Sold March 17, 2021

Last sale price $1,478,000 $467 Per Sq Ft

81 Days on Market

Highlights

  • Ocean View
  • Victorian Architecture
  • Forced Air Heating System
  • Robert Down Elementary School Rated A
  • Tile Flooring
  • Coin Laundry

About This Home

As of March 2021

Pacific Grove vintage Ocean/Bay view Victorian circa 1895. Multi-Family, offering 4-Units, some units offer Ocean/Bay views. Units: A- 2bed/1ba, B- 2Bed/1.1 ba, C- 2bed/1 ba, D- Studio / 1 ba. Two garages on property; 1- 2 car garage and 1- 1 car garage. Shared Laundry area offering 1 set of coin operated washer/dryer. A must see to appreciate. In town living and income to boot!

Last Agent to Sell the Property

J.R. Rouse

Intero Real Estate Services License #01299649 Listed on: 11/10/2020

Intero Real Estate Services

Last Buyer's Agent

Kevin Cesario

Better Homes And Gardens Real Estate By The Sea License #01953086

Better Homes And Gardens Real Estate By The Sea

Property Details

Home Type

  • Multi-Family

Year Built

  • 1895

Lot Details

  • 5,998 Sq Ft Lot

Parking

  • 3 Car Garage
  • On-Street Parking

Property Views

  • Ocean
  • Bay
  • Downtown
  • Mountain

Home Design

  • Quadruplex
  • Victorian Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,166 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Utilities

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

Listing and Financial Details

  • Total Actual Rent $83,856

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $2,145
  • Insurance Expense $3,465
  • Maintenance Expense $2,630
  • Manager Expense $5,914
  • Other Expense $2,630
  • Utility Expense $4,744
  • Trash Expense $940
  • Operating Expense $32,753
  • Gross Income $84,492

Property Details

Home Type

Multi-Family

Year Built

1895

Lot Details

0

Parking

3

Listing Details

  • Zoning: R1-4
  • Subclass: Fourplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3166
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1895

Interior Features

  • Kitchen: Dishwasher, Garbage Disposal, Oven Range, Refrigerator, Varies By Unit
  • Living Sq Ft: 3166
  • Stories: 2
  • Laundry: Coin Operated
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: Bay, City Lights, Downtown, Mountains, Ocean, Water
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: On Street

Utilities

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

Schools

  • High School: 560

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.06
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 3465
  • Expense Landscape: 2145
  • Expense Maintenance: 2630
  • Expense Management: 5914
  • Expenses Other: 2630
  • Expenses Total: 32753
  • Expenses Utility: 4744
  • Expense Trash: 940
  • Income Annual Gross: 84492.00
  • Income Annual Rental: 83856
  • Income Gross Scheduled: 84492
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 636
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Miscellaneous/Other, Utilities - Electric, Utilities - Gas

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 List to Sale Price per Sq Ft Prior Sale
03/17/2021 03/17/21 Sold $1,478,000 -12.8% $467 / Sq Ft
01/31/2021 01/31/21 Pending -- -- --
12/08/2020 12/08/20 Price Changed $1,695,000 -8.4% $535 / Sq Ft
11/10/2020 11/10/20 For Sale $1,850,000 +115.1% $584 / Sq Ft
06/20/2013 06/20/13 Sold $860,000 -4.3% $275 / Sq Ft View Prior Sale
05/20/2013 05/20/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $898,500 -- $288 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    J.R. Rouse

    Intero Real Estate Services

    Section Image

  • K

    Buyer's Agent in 2021

    Kevin Cesario

    Better Homes And Gardens Real Estate By The Sea

    Section Image

  • M

    Seller's Agent in 2013

    Monterey Peninsula Home Team

    Coldwell Banker Realty

    Section Image

  • T

    Buyer's Agent in 2013

    Todd Beardsley

    Menlo Atherton Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81819747

MLSListings

APN: 006-279-001

California Monterey County Pacific Grove 93950

489 Laurel Ave, Pacific Grove, CA

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