See Home Value
$1,005,000
● Multifamily - Off Market

Undisclosed Address

Pacific Grove, CA
bedrooms
Studio
bathrooms
0 Bath
square feet
1,624 Ft²
$1,571,881
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

5.7% CAP RATE!!! - Highest Cap Rate currently available on the Monterey Peninsula by far! Others currently on the market in the area range from 2.3% - 4.0% CAP Rates. This property generates $74,000 in annual rental income. That breaks down to $6,190/mo in rental income. Opportunity in the near future for one unit to be an owner occupied and the other to be an income generator. Unit 944 - 2BD/1BA $3,195/month. Unit 946 - 2BD/1BA $2,995/month - This charming remodeled Duplex features a Contemporary/Modern design with ocean views. Amenities include close proximity to 17 Mile Dr, Asilomar Beach, and Spanish Bay; Pacific Grove schools are some of the best in the state - a bonus for tenants with families. Take advantage of all Pacific Grove has to offer.
Unit Size
1,624 Ft²
Days on Market
147 days
Land Size
0.15 acres
Price per sqft
$640
Property Type
Multifamily
Property Taxes
$1,094
HOA Dues
-
Year Built
-

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Last updated: 4 months ago (MLSListings Inc. #ML81697461)

Price History

Date / Event Date Event Price
Aug 16, 2018 Sold
Sold
Mar 22, 2018 Listed by Coldwell Banker Realty $1,039,100
Listed by Coldwell Banker Realty

Property Highlights

Parking Available
Parking Details
Has Carport
Parking Features: Carport, Off Street
Interior Details
Appliances: Dishwasher, Disposal, Refrigerator
Exterior Details
Has Property Attached
Square Footage: 1624
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1959
Building Area Total: 1624
Lot Size Area: 6400
Lot Size Units: Square Feet
Lot Size Acres: 0.1469
Lot Size Square Feet: 6400
Water Source: Public
Financial Details
Tax Annual Amount: $13,125
Utilities Details
Heating Type: Wall Furnace
Sewer : Public Sewer

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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