NOT LISTED FOR SALE

640 Prescott Ave Monterey, CA 93940

New Monterey Neighborhood
2 Beds
3 Baths
1,745 Sq Ft
5,663 Sq Ft Lot

Last Sold July 12, 2012

Last sale price $625,000 $358 Per Sq Ft

4 Days on Market

Highlights

  • Ocean View
  • Carpet
  • 3-minute walk to Hoffman Park
  • Monterey High School Rated A

About This Home

As of July 2012

BEAUTIFUL UNITS - GREAT LOCATION- VIEW OF OCEAN. THREE UNITS, WELL MAINTAINED. LIVE IN ONE, RENT THE OTHERS. 3 CARPORTS- EASILY CONVERTED TO GARAGES. ROOF REPLACED 2011 PER OWNER. ALSO POSSIBLE TO CONVERT TO A SINGLE FAMILY FOR RIGHT PERSON. MEASUREMENTS ARE APPROXIMATE, BUYER TO VERIFY.

Last Agent to Sell the Property

Donna Ingraham

Century 21 A Property Shoppe License #00498014 Listed on: 06/25/2012

Century 21 A Property Shoppe

Last Buyer's Agent

Bud Larson

Coldwell Banker Realty License #00404972

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1988

Lot Details

  • 5,663

Parking

  • Carport

Property Views

  • Ocean
  • City Lights

Home Design

  • Triplex
  • Composition Roof

Interior Spaces

  • 1,745 Sq Ft Home
  • 2-Story Property

Kitchen

  • Oven or Range
  • Disposal

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $40,200
  • The owner pays for garbage

Community Details

Overview

  • 1,745 Sq Ft Building

Building Details

  • Trash Expense $980
  • Operating Expense $3,434
  • Gross Income $40,200

Property Details

Home Type

Multi-Family

Year Built

1988

Lot Details

0

Listing Details

  • Zoning: MULTI
  • Subclass: Triplex
  • Age: 24
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 358.17
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1745
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1988

Interior Features

  • Kitchen: Garbage Disposal, Varies By Unit, Oven Range, Refrigerator
  • Living Sq Ft: 1745
  • Stories: 2
  • Laundry: Washer/Dryer - Owned Coin-Op
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Roof: Composition
  • View: Ocean, City Lights

Garage/Parking

  • Garage Parking Features: Carport, Spaces Per Unit - 1

Utilities

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

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5800.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 5800.00
  • Lot Size Area Min Search: 5800.00
  • Maximum Lot Size: 5800.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.55

Multi Family

  • Expenses Total: 3434
  • Expense Trash: 980
  • Income Annual Gross: 40200.00
  • Income Annual Rental: 40200
  • Income Gross Scheduled: 40200
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Maximum Rent Studio Units: 850
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 2
  • Min Rent Studio Units: 850
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Cable Tv, Utilities - Electric

Range of Values:

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Average Value
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List Price
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
07/12/2012 07/12/12 Sold $625,000 0.0% $358 / Sq Ft
06/29/2012 06/29/12 Pending -- -- --
06/25/2012 06/25/12 For Sale $625,000 -- $358 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donna Ingraham

    Seller's Agent in 2012

    Donna Ingraham

    Century 21 A Property Shoppe

    (831) 320-2879

    1 in this area

    103 Total Sales

    Donna Ingraham
    Section Image

  • B

    Buyer's Agent in 2012

    Bud Larson

    Coldwell Banker Realty

    Section Image
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Map

Source: MLSListings

MLS Number: ML81224087

MLSListings

APN: 001-084-008

California Monterey County Monterey 93940 New Monterey

640 Prescott Ave, Monterey, CA

This home is located at 640 Prescott Ave, Monterey, CA 93940 since 25 June 2012. This property was built in 1988. 640 Prescott Ave 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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