NOT LISTED FOR SALE

514 Grand Ave Pacific Grove, CA 93950

5 Beds
3 Baths
2,075 Sq Ft
3,920 Sq Ft Lot

Last Sold February 10, 2017

Last sale price $850,000 $410 Per Sq Ft

132 Days on Market

Highlights

  • Ceiling Fan
  • Washer and Dryer
  • 3-minute walk to Caterpillar Park
  • Robert Down Elementary School Rated A
  • Carpet

About This Home

As of February 2017

Great Triplex Close To Town. (2) 2 bedroom units and (1) separate cottage suitable for owner's unit. All units separately metered. Ground floor units have separate yards; plenty of off-street parking. Upgrades include new windows; exterior painting.

Last Agent to Sell the Property

Nikki Langendorf

Silicon Valley Res. Realty License #01728448 Listed on: 08/26/2016

Silicon Valley Res. Realty

Co-Listed By

Joey Tsutsui

Silicon Valley Res. Realty License #01434080

Last Buyer's Agent

John Davi

Davi Properties Group License #00626920

Property Details

Home Type

  • Multi-Family

Year Built

  • 1927

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,075 Sq Ft Home
  • Ceiling Fan
  • Washer and Dryer

Flooring

  • Carpet
  • Vinyl

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $52,200

Community Details

Overview

  • 2,075 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $1,500
  • Maintenance Expense $3,100
  • Manager Expense $3,060
  • Utility Expense $1,487
  • Trash Expense $293
  • Operating Expense $19,180
  • Gross Income $51,678

Property Details

Home Type

Multi-Family

Year Built

1927

Lot Details

0

Listing Details

  • Zoning: R-4
  • Subclass: Triplex
  • Age: 89
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2075
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1927

Interior Features

  • Living Sq Ft: 2075
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Carport
  • Carport Min: 3

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Middle School: 561

Lot Info

  • Lot Acres: 0.0900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3920.40
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3920.40

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month, Security Deposit
  • Gross Rent Multiplier: 17.22
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 1800
  • Expense Maintenance: 3100
  • Expense Management: 3060
  • Expenses Total: 19180
  • Expenses Utility: 1487
  • Expense Trash: 293
  • Income Annual Gross: 51678.00
  • Income Annual Rental: 52200
  • Income Gross Scheduled: 52200
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Maintenance, Services - Gardener, Services - Sewer
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 1

Range of Values:

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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 Change Sq Ft Price
02/10/2017 02/10/17 Sold $850,000 -5.5% $410 / Sq Ft
01/06/2017 01/06/17 Pending -- -- --
12/09/2016 12/09/16 For Sale $899,000 0.0% $433 / Sq Ft
11/30/2016 11/30/16 Pending -- -- --
10/18/2016 10/18/16 Price Changed $899,000 -10.1% $433 / Sq Ft
08/26/2016 08/26/16 For Sale $999,500 -- $482 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2017

    Nikki Langendorf

    Silicon Valley Res. Realty

    Section Image
  • Joey Tsutsui

    Seller Co-Listing Agent in 2017

    Joey Tsutsui

    Silicon Valley Res. Realty

    (408) 838-8293

    23 Total Sales

    Section Image
  • John Davi

    Buyer's Agent in 2017

    John Davi

    Davi Properties Group

    (831) 646-9988

    2 in this area

    18 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81611773

MLSListings

APN: 006-487-005

California Monterey County Pacific Grove 93950

514 Grand Ave, Pacific Grove, CA

This home is located at 514 Grand Ave, Pacific Grove, CA 93950 since 26 August 2016. This property was built in 1927. 514 Grand 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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