NOT LISTED FOR SALE

682 Sinex Ave Pacific Grove, CA 93950

4 Beds
2 Baths
1,986 Sq Ft
6,499 Sq Ft Lot

Last Sold August 19, 2022

Last sale price $1,050,000 $529 Per Sq Ft

27 Days on Market

Highlights

  • Fireplace
  • Laundry Room
  • Ceiling Fan
  • Robert Down Elementary School Rated A
  • Forced Air Heating System
  • Fenced

About This Home

As of August 2022

Investor Alert! Great duplex consisting of two bedrooms and one batch per unit. There is a total of 1986 Sq ft of interior space for both units and total lot size is 6500 sq ft. When you walk in there is a spacious living room unit 680 has a brick wood burning fireplace. Past the living room is the kitchen with an eating area. The kitchen has a free-standing oven with a range overhead, refrigerator and plenty of cabinet space. At the end of the kitchen in the laundry/utility room. You will find laundry hookups and also forced air furnace and water heater. The bedrooms are nice sized and share a bathroom that has a tub over shower, vanity along with a low flow toilet. Both units have a one car garage and similar sized back yards. There is quite a bit of outside room per unit. This property is close to many desirable areas and has always been easy to rent.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 07/15/2022

Last Buyer's Agent

Mark Ryan

Carmel Realty Company License #01458945

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 6,499 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 2 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,986 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace

Kitchen

  • Gas Oven
  • Range Hood
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Utilities

  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $57,600

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,200
  • Insurance Expense $1,347
  • Maintenance Expense $3,643
  • Manager Expense $5,463
  • Other Expense $9,002
  • Utility Expense $1,706
  • Operating Expense $27,499
  • Gross Income $55,872

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

2

Listing Details

  • Zoning: R
  • Subclass: Duplex
  • Age: 60
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1986
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Countertop - Laminate, Garbage Disposal, Hood Over Range, Oven - Electric, Oven - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 1986
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Fenced

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas, Fireplace
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Pacific Grove Unified

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr
  • Gross Rent Multiplier: 18.23
  • Number Of Leased: 1

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1347
  • Expense Landscape: 1200
  • Expense Maintenance: 3643
  • Expense Management: 5463
  • Expenses Other: 9002
  • Expenses Total: 27499
  • Expenses Utility: 1706
  • Income Annual Gross: 55872.00
  • Income Annual Rental: 57600
  • Income Gross Scheduled: 57600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3

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 Change Sq Ft Price
08/19/2022 08/19/22 Sold $1,050,000 0.0% $529 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $1,050,000 0.0% $529 / Sq Ft
07/22/2022 07/22/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $1,050,000 -- $529 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2022

    Bill Backus

    Backus Properties

    (831) 262-9730

    2 in this area

    82 Total Sales

    Bill Backus
    Section Image
  • Mark Ryan

    Buyer's Agent in 2022

    Mark Ryan

    Carmel Realty Company

    (831) 238-1498

    6 in this area

    40 Total Sales

    Mark Ryan
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81900465

MLSListings

APN: 006-555-009

California Monterey County Pacific Grove 93950

682 Sinex Ave, Pacific Grove, CA

This home is located at 682 Sinex Ave, Pacific Grove, CA 93950 since 15 July 2022. This property was built in 1962. 682 Sinex 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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