NOT LISTED FOR SALE
5 Beds
5 Baths
3,471 Sq Ft
5,036 Sq Ft Lot

Last Sold July 19, 2023

Last sale price $1,500,000 $432 Per Sq Ft

28 Days on Market

Highlights

  • Carpet
  • Heating Available
  • 5-minute walk to Hoffman Park
  • Monterey High School Rated A

About This Home

As of July 2023

Great investment opportunity. This property has a very good upside potential. Two units are townhouse configuration with one bedroom/bath downstairs and kitchen, living room and second bedroom upstairs. The the third unit is single level with one bedroom one bath. There are three carport stalls and three washer/dryer closets. All units are separately metered for electricity, gas and water. Some units have filtered bay views. Great location that is close to Pacific Grove, Cannery Row and the Lighthouse Ave corridor. An ADU may be possible.

Last Agent to Sell the Property

Geary Engles

First City Real Estate, Inc. License #00874135 Listed on: 05/11/2023

Last Buyer's Agent

The C Group

Real Brokerage Technologies License #70010221

Property Details

Home Type

  • Multi-Family

Year Built

  • 1971

Lot Details

  • 5,036 Sq Ft Lot

Parking

  • 3 Carport Spaces

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,471 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Laminate

Utilities

  • Heating Available
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $78,840

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $2,500
  • Maintenance Expense $1,400
  • Manager Expense $6,307
  • Other Expense $500
  • Utility Expense $1,000
  • Trash Expense $600
  • Operating Expense $29,407
  • Gross Income $77,263

Property Details

Home Type

Multi-Family

Year Built

1971

Lot Details

0

Listing Details

  • Zoning: R-3-5
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3471
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1971

Interior Features

  • Living Sq Ft: 3471
  • Stories: 2
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1156
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5034.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5034.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.23
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2500
  • Expense Landscape: 600
  • Expense Maintenance: 1400
  • Expense Management: 6307
  • Expenses Other: 500
  • Expenses Total: 29407
  • Expenses Utility: 1000
  • Expense Trash: 600
  • Income Annual Gross: 77263.00
  • Income Annual Rental: 78840
  • Income Gross Scheduled: 78840
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Telephone, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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 List to Sale Price per Sq Ft
07/19/2023 07/19/23 Sold $1,500,000 -6.0% $432 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $1,595,000 -- $460 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81927957

MLSListings

APN: 001-083-019