$1,130,000
$1,325,000
14.7%For more information regarding the value of a property, please contact us for a free consultation.
2,100 SqFt
SOLD DATE : 09/05/2024
Key Details
Sold Price $1,130,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $538
MLS Listing ID ML81955626
Sold Date 09/05/24
HOA Y/N No
Year Built 1944
Annual Tax Amount $15,534
Lot Size 3,998 Sqft
Property Description
Ocean view & Del Monte Beach views. Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). The top floor unit is perfect for an owner's unit or second home. This ocean-view unit has two bedrooms / one bathroom, a formal living room, a family room, an office, and a kitchen with an eat-in dining area. The kitchen has white water and beach views. Two rooms are accessed from the kitchen - the first can function as a third bedroom, home office, storage, exercise room, or other uses. The second room has a vast ocean and Del Monte Beach views. The office, kitchen, and utility rooms can be opened into one larger great room. The bottom two units are one-bedroom / one-bathroom units with a potential $4,000+ monthly rent. One unit has a washer, dryer hookups, and a fenced backyard. This $4000 rent, at 6.5% interest, can pay for $625,000 of an amortized 30-year loan payment. There may be enough water credits to construct an ADU on the site.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-3-6
Interior
Heating Electric
Cooling None
Flooring Carpet, Laminate, Wood
Fireplace No
Appliance Gas Cooktop
Exterior
Garage Spaces 1.0
Garage Description 1.0
View Y/N Yes
View Bay, City Lights
Roof Type Composition
Accessibility None
Total Parking Spaces 1
Building
Story 2
Foundation Concrete Perimeter
Water Public
Architectural Style Traditional
Schools
Elementary Schools Monte Vista
Middle Schools Other
High Schools Monterey
School District Other
Others
Tax ID 001568011000
Financing Other
Special Listing Condition Standard
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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with Hap Albers • Albers Real Estate Investment Company
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA