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
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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
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

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $17,012 $1,624,206 $974,188 $650,018
2024 $17,012 $1,591,811 $955,087 $636,724
2023 $17,293 $1,560,600 $936,360 $624,240
2022 $17,360 $1,530,000 $918,000 $612,000
2021 $16,859 $1,500,000 $900,000 $600,000
2020 $10,478 $934,594 $701,003 $233,591
2019 $10,149 $916,280 $687,258 $229,022
2018 $9,950 $898,326 $673,783 $224,543
2017 $9,790 $880,724 $660,572 $220,152
2016 $9,813 $863,467 $647,620 $215,847
2015 $7,992 $700,560 $450,000 $250,560
2014 $7,980 $700,560 $450,000 $250,560
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81816286

MLSListings

APN: 006-308-007

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