5012 Monterey Street
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 10, 2023 | No longer available | - | |
| No longer available | |||
| Nov 4, 2023 | Listed by Compass | $1,995,000 | |
| Listed by Compass | |||
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Welcome to 5012 Monterey Street, a tranquil zen oasis that seamlessly blends modern upgrades with timeless elegance. As you arrive at the home, you are immediately drawn to lush gardens, adorned with beautiful roses, strawberries, and lemon trees. The back deck is an idyllic spot to savor your morning coffee, while evenings are best enjoyed by the firepit. The property boasts two spacious bedrooms, a generously sized bathroom with a tub and shower, and a detached garage. With an oversized living room perfect for entertaining, and a separate dining room this home offers a comfortable and spacious layout. This property has seen significant improvements including a new roof, windows, custom shades, doors, extensive landscaping enhancements, a new deck, driveway, fencing, lighting, and more. Conveniently located just minutes from Downtown Carmel, Pebble Beach, and the stunning Monterey Peninsula, embrace the Carmel lifestyle in this beautifully renovated cottage. The manager has listed the unit size as 1196 square feet.
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| May 18, 2020 | Sold | ||
| Sold | |||
| Feb 20, 2020 | Listed by Coldwell Banker Realty | $1,099,000 | |
| Listed by Coldwell Banker Realty | |||
| Nov 13, 2019 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017