NOT LISTED FOR SALE

744 Pine Ave Pacific Grove, CA 93950

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

Sale Details

Date 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

6,569 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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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