$2,999,000
PENDING

Estimated payment $17,891/month

Total Views 7,911
3 Beds
3 Baths
3,614 Sq Ft
$830 Price per Sq Ft

Highlights

  • Mountain View
  • Radiant Floor
  • High Ceiling
  • Tularcitos Elementary School Rated A
  • Attic
  • Stone Countertops

About This Home

Carmel Valley Village mixed use with possibilities including a 4-car garage for car lovers. This 1,575 sq. ft. garage & 18,248 sq. ft. lot is very valuable to contractors, RV owners, or car enthusiasts - Highway 68 car condo's sell for $750 per sq. ft., which equals $1,181,250 in garage value - only 75 feet from your front door. No driving to Ryan Ranch. The commercial spaces front El Caminito, creating a private courtyard feel and the possibility to shut yourself off from the world. The property is a short distance (100 yards) to everything the Village has to experience, including wineries, restaurants, grocery stores, and more. This completely remodeled property has residential, commercial, & a home which can be a one or two bedroom residence. The rear section of the building has been transformed into a 2 bed / 2 bath primary residence with high ceilings, a large open living space, tall windows providing views from the living room / kitchen & opens into the private courtyard. The property is perfect for a primary or 2nd home. The commercial & residential income offsets ownership costs. Come to the Village & visit this rarely available mixed-use property which offers much more to see & experience.

Listing Agent

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 04/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,204

Year Built

  • 1986

Lot Details

  • 0.42 Acre Lot
  • Level Lot
  • Sprinklers on Timer
  • Drought Tolerant Landscaping
  • Grass Covered Lot

Parking

  • 4 Car Detached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Quadruplex
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Composition Roof

Interior Spaces

  • 3,614 Sq Ft Home
  • 2-Story Property
  • Entertainment System
  • High Ceiling
  • Whole House Fan
  • Skylights
  • Double Pane Windows
  • Den
  • Mountain Views
  • Attic Fan

Kitchen

  • Built-In Self-Cleaning Oven
  • Electric Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Qualified Appliances
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Radiant Floor
  • Laminate
  • Tile
  • Slate Flooring

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Home Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Outdoor Features

  • Fire Pit
  • Barbecue Area

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Power Generator
  • Individual Gas Meter
  • Tankless Water Heater
  • Septic Tank

Listing and Financial Details

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 4 Leased Units
  • Gardener Expense $3,900
  • Insurance Expense $8,840
  • Maintenance Expense $3,000
  • Utility Expense $12,180
  • Trash Expense $576
  • Operating Expense $42,520
  • Gross Income $138,319

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,204

Year Built

1986

Lot Details

0

Parking

4

Listing Details

  • Zoning: LC-D-S-RAZ
  • Subclass: Fourplex
  • Age: 39
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3614
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily
  • Year Built: 1986

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Stone, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Island, Microwave, Oven - Built-In, Oven - Electric, Oven - Self Cleaning, Pantry, Refrigerator
  • Living Sq Ft: 3614
  • Stories: 2
  • Security: Fire Alarm, Fire System - Sprinkler
  • Laundry: Washer / Dryer
  • Flooring: Laminate, Slate, Tile
  • Additional Rooms: Office Area, Attic, Storage, Laundry Room

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Mountains
  • Yard/Grounds: Fire Pit, Bbq Area, Drought Tolerant Plants, Sprinklers - Auto, Low Maintenance, Courtyard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 6
  • Garage Parking Features: Detached Garage, Gate / Door Opener, Off-Street Parking, Workshop In Garage

Utilities

  • Cooling System: Whole House / Attic Fan
  • Heating System: Radiant Floors, Wall Furnace
  • Sewer/Septic System: Existing Septic

Association/Amenities

  • Amenities Miscellaneous: Video / Audio System, High Ceiling

Schools

  • School District: Carmel Unified
  • Elementary School: Tularcitos Elementary
  • Middle School: Carmel Middle
  • High School: Carmel High
  • High School: 497
  • Elementary School: 514
  • Middle School: 511

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.4189
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18248.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 18248.00

Green Features

  • Energy Features: Attic Fan, Ceiling Insulation, Double Pane Windows, Energy Star Appliances, Low Flow Shower, Low Flow Toilet, Skylight, Tankless Water Heater, Whole House Fan

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 21.46
  • Number Of Leased: 4

Multi Family

  • Utilities: Generator, Individual Electric Meters, Individual Gas Meters, Public Utilities, Natural Gas
  • Expense Insurance: 8840
  • Expense Landscape: 3900
  • Expense Maintenance: 3000
  • Expenses Total: 42520
  • Expenses Utility: 12180
  • Expense Trash: 576
  • Income Annual Gross: 138319.00
  • Income Annual Rental: 139716
  • Income Gross Scheduled: 139716
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Vacancy Factor: 1

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2024 $14,204 $1,302,887 $551,275 $751,612
2023 $15,119 $1,277,341 $540,466 $736,875
2022 $14,675 $1,252,296 $529,869 $722,427
2021 $14,542 $1,227,742 $519,480 $708,262
2020 $14,267 $1,215,154 $514,154 $701,000
2019 $12,241 $1,019,073 $504,073 $515,000
2018 $9,762 $780,300 $494,190 $286,110
2017 $9,594 $765,000 $484,500 $280,500
2016 $9,458 $750,000 $475,000 $275,000
2015 $7,061 $550,000 $275,000 $275,000
2014 $7,115 $550,000 $275,000 $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Pending -- -- --
04/15/2025 04/15/25 For Sale $2,999,000 -- $830 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Grant Deed $750,000 Old Republic Title Company
Grant Deed -- Chicago Title Company
Grant Deed -- None Available
Interfamily Deed Transfer -- Stewart Title
Interfamily Deed Transfer -- Stewart Title
Grant Deed $850,000 Stewart Title
Grant Deed $635,000 Stewart Title
Grant Deed $178,500 Stewart Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $680,000 Seller Take Back
Previous Owner $350,000 Commercial
Source: Public Records

Source: MLSListings

MLS Number: ML82002677

MLSListings

APN: 187-433-039-000