NOT LISTED FOR SALE

744 Pine Ave Pacific Grove, CA 93950

2 Beds
4 Baths
2,321 Sq Ft
6,569 Sq Ft Lot

Last Sold December 21, 2020

Last sale price $1,500,000 $646 Per Sq Ft

7 Days on Market

Highlights

  • Ocean View
  • Post and Beam
  • Corian Countertops
  • Robert Down Elementary School Rated A
  • Wood Flooring
  • Enclosed Patio or Porch

About This Home

As of December 2020

Pacific Grove 4plex, features 2 ground floor one-bedroom units, 2 upstairs studios & a huge back yard. All units have Berber carpets, kitchens with hardwood floors, newer cabinets, Corian counters. One-bedrooms have ocean views, high ceilings, upgraded bathrooms with hardwood floors, pedestal sinks, and kitchens have dishwashers, built-in microwave ovens with vent hood, stainless steel gas ranges and refrigerators. Unit #1 has a large den, fireplace, and a private covered porch. Studios have upgraded bathrooms with tile floors and pedestal sinks. Unit #4 has ocean views; kitchen has dishwasher, built-in microwave oven with vent hood, stainless steel gas range and refrigerator. Unit #3 neighborhod view and peek of ocean; kitchen has diswasher, built-in electric cooktop, built-in under-counter stainless steel refrigarator and a commercial-grade stainless steel counter-top convection oven.The basement is 1, 694 sq. ft & has interior 2 X 4 framed walls, water credits, and great potential

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 10/18/2020

Last Buyer's Agent

Cicily Sterling

The Agency License #01921334

The Agency

Property Details

Home Type

  • Multi-Family

Year Built

  • 1905

Lot Details

  • 6,569 Sq Ft Lot
  • Fenced
  • Grass Covered Lot
  • Back Yard

Parking

  • On-Street Parking

Property Views

  • Ocean
  • City

Home Design

  • Quadruplex
  • Post and Beam
  • Victorian Architecture
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,321 Sq Ft Home
  • 2-Story Property
  • Storage Room

Kitchen

  • Gas Oven
  • Range Hood
  • Dishwasher
  • Corian Countertops

Flooring

  • Wood
  • Carpet

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $77,160

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $500
  • Insurance Expense $1,800
  • Maintenance Expense $3,200
  • Other Expense $1,500
  • Utility Expense $5,100
  • Trash Expense $792
  • Operating Expense $31,320
  • Gross Income $74,845

Property Details

Home Type

Multi-Family

Year Built

1905

Lot Details

0

Listing Details

  • Zoning: R-1
  • Subclass: Fourplex
  • Style: Victorian
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2321
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1905

Interior Features

  • Kitchen: Countertop - Solid Surface / Corian, Dishwasher, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2321
  • Stories: 2
  • Flooring: Carpet, Hardwood
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Post And Beam
  • Roof: Composition
  • View: City, Ocean
  • Yard/Grounds: Back Yard, Fenced, Low Maintenance, Porch - Enclosed
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: On Street

Utilities

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

Schools

  • High School: 560

Lot Info

  • Lot Acres: 0.1508
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6570.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6570.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.97
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 1800
  • Expense Landscape: 500
  • Expense Maintenance: 3200
  • Expenses Other: 1500
  • Expenses Total: 31320
  • Expenses Utility: 5100
  • Expense Trash: 792
  • Income Annual Gross: 74845.00
  • Income Annual Rental: 77160
  • Income Gross Scheduled: 77160
  • Income Includes: Rents
  • Meters: Master Gas, Master Water, Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
12/21/2020 12/21/20 Sold $1,500,000 -11.5% $646 / Sq Ft
10/26/2020 10/26/20 Pending -- -- --
10/21/2020 10/21/20 Price Changed $1,695,000 -0.3% $730 / Sq Ft
10/18/2020 10/18/20 For Sale $1,700,000 -- $732 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81816286

MLSListings

APN: 006-308-007