NOT LISTED FOR SALE

Monterey, CA 93940

New Monterey Neighborhood
6 Beds
6 Baths
3,924 Sq Ft
1982 Built

Last Sold June 01, 2015

Last sale price $1,250,000 $319 Per Sq Ft

38 Days on Market

Highlights

  • Ocean View
  • Horse Property
  • Balcony
  • Monterey High School Rated A
  • Contemporary Architecture
  • 4-minute walk to Hoffman Park

About This Home

As of June 2015

Fantastic panoramic views of the Bay in a great location for these townhouse style large units. These oversized two bedroom two bath units allow for someone to live in one and receive income from the other two units. Also a great pride of ownership property for the investor who is building a portfolio of quality ocean view properties. All units have received upgrades some have been completely re-modeled in the last year. The views, large balcony and upgraded features ensure quick rental of these units.

Last Agent to Sell the Property

Steve Cardinalli

Cardinalli Real Estate License #01739549 Listed on: 03/29/2015

Last Buyer's Agent

Michael Lavigne

Michael Lavigne Real Estate License #01782392

Property Details

Home Type

  • Multi-Family

Year Built

  • 1982

Lot Details

  • Lot Sloped Down

Property Views

  • Ocean
  • Panoramic

Home Design

  • Triplex
  • Contemporary Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,924 Sq Ft Home
  • 3-Story Property
  • Storage Room
  • Washer and Dryer
  • Fire Sprinkler System

Kitchen

  • Gas Oven
  • Microwave

Flooring

  • Carpet
  • Laminate

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Outdoor Features

  • Horse Property
  • Balcony

Utilities

  • Forced Air Heating System
  • 220 Volts

Listing and Financial Details

  • Total Actual Rent $64,500
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $10
  • Insurance Expense $10
  • Maintenance Expense $1,200
  • Manager Expense $100
  • Trash Expense $10
  • Operating Expense $9,957
  • Gross Income $63,855

Property Details

Home Type

Multi-Family

Year Built

1982

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Triplex
  • Style: Contemporary
  • Age: 33
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3924
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1982

Interior Features

  • Kitchen: 220 Volt Outlet, Microwave, Oven Range - Gas
  • Living Sq Ft: 3924
  • Stories: 3
  • Security: Fire System - Sprinkler
  • Laundry: Washer / Dryer
  • Flooring: Carpet, Laminate
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition
  • View: Ocean, Panoramic
  • Yard/Grounds: Balcony / Patio
  • Horse Property: Yes

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, Common Parking Area
  • Carport Min: 3

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Sloped Down
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5948.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5948.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 19.38
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 10
  • Expense Landscape: 10
  • Expense Maintenance: 1200
  • Expense Management: 100
  • Expenses Total: 9957
  • Expense Trash: 10
  • Income Annual Gross: 63855.00
  • Income Annual Rental: 64500
  • Income Gross Scheduled: 64500
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax
  • Vacancy Factor: 1

Range of Values:

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List Price
Sold Price
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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 Change Sq Ft Price
06/01/2015 06/01/15 Sold $1,250,000 0.0% $319 / Sq Ft
05/06/2015 05/06/15 Pending -- -- --
03/29/2015 03/29/15 For Sale $1,250,000 -- $319 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Steve Cardinalli

    Cardinalli Real Estate

    (831) 375-0984

    21 Total Sales

    Steve Cardinalli
    Section Image
  • Michael Lavigne

    Buyer's Agent in 2015

    Michael Lavigne

    Michael Lavigne Real Estate

    (831) 689-9784

    29 Total Sales

    Michael Lavigne
    Section Image

  • C

    Buyer's Agent in 2015

    Charles Talman

    Bankers Hill Capital, Inc

See All Agents

Source: MLSListings

MLS Number: ML81457425

MLSListings

APN: 001-104-015

California Monterey County Monterey 93940

New Monterey

This home since 29 March 2015. This property was built in 1982. This home is a home located in Monterey County with nearby schools including Monte Vista Elementary School, Monte Vista Middle School, and Monterey High School.

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