$1,580,000
SOLD JUN 5, 2026
8 Beds
4 Baths
3,436 Sq Ft
5,001 Sq Ft Lot

Sale Details

Date Sold: June 5, 2026

$460 Per Sq Ft

4% Below List Price

155 Days on Market

About This Home

As of June 2026

Discover an incredible investment opportunity with this amazing 4-plex in sought-after New Monterey! Featuring plans for an additional 2-bed accessory dwelling unit, this property offers immense potential. Each unit is a spacious 2-story townhouse with tasteful upgrades, ensuring comfortable and modern living. Perfectly situated near Cannery Row, Pacific Grove, and the Taylor Street gate to the DLI, the location is ideal for attracting renters. Enjoy a fantastic rent roll with room for growth in this prime spot above the iconic Monterey Bay. Just minutes from downtown Monterey, Cannery Row, and Downtown Pacific Grove, this property combines convenience and charm in one of the most desirable areas. Don't miss out on this unique investment in a truly unbeatable location!

Last Agent to Sell the Property

User The C Group

Real Brokerage Technologies License #70010221 Listed on: 12/01/2025

Last Buyer's Agent

Pete Ruiz

Keller Williams Realty License #70010112

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Home Design

  • Quadruplex
  • Wood Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,436 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • 5,001 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $110,460

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $2,342
  • Maintenance Expense $175
  • Manager Expense $3,880
  • Utility Expense $2,952
  • Trash Expense $1,790
  • Operating Expense $31,139
  • Gross Income $109,427

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

5,001 Sq Ft Lot

Listing Details

  • Zoning: R1
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3436
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Living Sq Ft: 3436
  • Stories: 2

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Wood Shakes / Shingles

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Covered Parking
  • Carport Min: 4

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 14.78
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2342
  • Expense Maintenance: 175
  • Expense Management: 3880
  • Expenses Total: 31139
  • Expenses Utility: 2952
  • Expense Trash: 1790
  • Income Annual Gross: 109427.00
  • Income Annual Rental: 110460
  • Income Gross Scheduled: 111660
  • Income Includes: Laundry
  • Income Other: 1200
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Fee - Professional Services, Fee - Property Management, Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2025
Closed on
Jun 2, 2026
Sold by
Bought by
Seller's Agent
User The C Group
Real Brokerage Technologies
Buyer's Agent
Pete Ruiz
Keller Williams Realty
List Price
$1,650,000
Sold Price
$1,580,000
Premium/Discount to List
-$70,000
-4.24%
Views
191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
0.0623%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2021
Closed on
Nov 19, 2021
Sold by
Bought by
Seller's Agent
Kevin Cesario
Better Homes And Gardens Real Estate By The Sea
Buyer's Agent
Kevin Cesario
Better Homes And Gardens Real Estate By The Sea
List Price
$1,600,000
Sold Price
$1,600,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.28%
Original Mortgage
$1,200,000
Interest Rate
0.0309%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2016
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
0.0342%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 25, 2012
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$566,650
Interest Rate
0.0359%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2010
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
0.0503%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 11, 2008
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase 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 Type Sale Price Title Company
Grant Deed $1,580,000 Old Republic Title Company
Interfamily Deed Transfer -- Chicago Title Company
Grant Deed $1,600,000 Chicago Title Company
Grant Deed -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $809,500 Old Republic Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- Chicago Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage 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 Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Previous Owner $1,200,000 New Conventional
Previous Owner $665,000 Commercial
Previous Owner $566,650 Commercial
Previous Owner $504,000 Commercial
Previous Owner $145,000 Commercial
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 Prior Sale
06/05/2026 06/05/26 Sold $1,580,000 -4.2% $460 / Sq Ft
05/06/2026 05/06/26 Pending -- -- --
04/26/2026 04/26/26 For Sale $1,650,000 0.0% $480 / Sq Ft
04/12/2026 04/12/26 Pending -- -- --
04/03/2026 04/03/26 Price Changed $1,650,000 -2.7% $480 / Sq Ft
01/20/2026 01/20/26 Price Changed $1,695,000 -3.1% $493 / Sq Ft
12/01/2025 12/01/25 For Sale $1,750,000 +9.4% $509 / Sq Ft
12/05/2021 12/05/21 Sold $1,600,000 0.0% $466 / Sq Ft View Prior Sale
12/05/2021 12/05/21 Pending -- -- --
12/05/2021 12/05/21 For Sale $1,600,000 -- $466 / 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 $20,034 $1,704,932 $689,785 $1,015,147
2024 $18,507 $1,664,640 $676,260 $988,380
2023 $17,926 $1,632,000 $663,000 $969,000
2022 $17,681 $1,600,000 $650,000 $950,000
2021 $10,350 $1,600,000 $650,000 $950,000
2020 $9,963 $918,481 $337,793 $580,688
2019 $10,451 $900,610 $331,170 $569,440
2018 $10,039 $883,089 $324,677 $558,412
2017 $9,304 $865,911 $318,311 $547,600
2016 $9,141 $849,070 $312,070 $537,000
2015 $9,012 $836,422 $307,383 $529,039
2014 $8,857 $820,175 $301,362 $518,813
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82028479

MLSListings

APN: 001-179-035

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