NOT LISTED FOR SALE

536 Van Buren St Monterey, CA 93940

Old Town Neighborhood
6 Beds
4 Baths
3,710 Sq Ft
5,950 Sq Ft Lot

Last Sold October 15, 2020

Last sale price $1,400,000 $377 Per Sq Ft

6 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Coin Laundry
  • Monterey High School Rated A
  • Forced Air Heating System
  • Washer and Dryer

About This Home

As of October 2020

Attention Investors Location, Location, Location This fourplex has been in the same family for 3 generations. First time on the market this sought after Downtown Monterey location is the ideal investment property. The main house consists of 3 bedrooms, 1 bath, large kitchen, fireplace and basement with laundry and a single car garage for the main home. 3 additional units each consist of 1 bed 1 bath each. There is also onsite coin operated laundry for the 3 units. This is an amazing opportunity for those looking for rental property in the highly sought after Old Town Monterey Area. Excellent rental history. Shown by appointment only. Please do not disturb tenants

Last Agent to Sell the Property

Michelle Russell

Shankle Real Estate License #01944339 Listed on: 08/16/2020

Shankle Real Estate

Last Buyer's Agent

Marielena Carriglio

Coast Realty and Property Management License #01745757

Property Details

Home Type

  • Multi-Family

Year Built

  • 1944

Lot Details

  • 5,950 Sq Ft Lot

Parking

  • 1 Car Garage

Home Design

  • Quadruplex
  • Tile Roof
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,710 Sq Ft Home
  • 2-Story Property

Flooring

  • Wood
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Utilities

  • Forced Air Heating System
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $81,600

Community Details

Building Details

  • 2 Leased Units
  • Insurance Expense $2,902
  • Maintenance Expense $6,000
  • Other Expense $240
  • Utility Expense $5,837
  • Trash Expense $872
  • Operating Expense $32,851
  • Gross Income $81,695

Additional Features

  • 3,710 Sq Ft Building
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1944

Lot Details

0

Parking

1

Listing Details

  • Zoning: Res Condominium
  • Subclass: Fourplex
  • Age: 76
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3710
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1944

Interior Features

  • Living Sq Ft: 3710
  • Stories: 2
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Hardwood, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Rolled Composition, Tile

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Acres: 0.1366
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5949.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5949.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 16.48
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2902
  • Expense Maintenance: 6000
  • Expenses Other: 240
  • Expenses Total: 32851
  • Expenses Utility: 5837
  • Expense Trash: 872
  • Income Annual Gross: 81695.00
  • Income Annual Rental: 81600
  • Income Gross Scheduled: 82520
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 920
  • Meters: Separate Electric, Separate Other, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Trash Removal, Utilities - Electric, 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
10/15/2020 10/15/20 Sold $1,400,000 +2.9% $377 / Sq Ft
08/23/2020 08/23/20 Pending -- -- --
08/16/2020 08/16/20 For Sale $1,360,000 -- $367 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2020

    Michelle Russell

    Shankle Real Estate

    Section Image

  • M

    Buyer's Agent in 2020

    Marielena Carriglio

    Coast Realty and Property Management

    (831) 915-4675

    1 in this area

    30 Total Sales

    Marielena Carriglio
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81806374

MLSListings

APN: 001-521-018

California Monterey County Monterey 93940 Old Town

536 Van Buren St, Monterey, CA

This home is located at 536 Van Buren St, Monterey, CA 93940 since 16 August 2020. This property was built in 1944. 536 Van Buren St is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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