$3,390,000
$3,400,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
7,086 SqFt
SOLD DATE : 09/07/2022
Key Details
Sold Price $3,390,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,086 sqft
Price per Sqft $478
MLS Listing ID ML81902827
Sold Date 09/07/22
Bedrooms 3
Full Baths 2
Year Built 1963
Lot Size 0.268 Acres
Property Description
Rarely available 10-unit Pacific Grove apartment complex. Highly sought after by tenants and investors. The property is in Pacific Groves Del Monte Park neighborhood and close to DLI and The Presidio of Monterey. Conveniently located near shopping, bus stops and schools. The unit mix consists of 8 (1) bedroom / one-bath and (2) two-bedroom / one-bath units. Each unit is separately metered for water, gas and electricity. Each unit has its own hot water heater and forced air furnace in the unit. The landlord is responsible for sewer, garbage, and common area PG&E & Water. Positive features include 8 of the 10 units have updated kitchens and bathrooms in the past 7-10 years, some units have Luxury Vinyl flooring throughout and all units have double pane windows. Rental income is based on the August 2022 rent roll.
Location
State CA
County Monterey
Area Del Monte Park
Zoning R-3
Rooms
Other Rooms Storage
Kitchen Countertop - Formica, Countertop - Granite, Countertop - Synthetic, Hood Over Range, Oven Range - Electric, Refrigerator
Interior
Heating Central Forced Air - Gas
Cooling None
Flooring Carpet, Hardwood, Tile, Vinyl / Linoleum
Laundry None
Exterior
Exterior Feature Balcony / Patio, Courtyard
Garage Carport
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Rolled Composition,Tar and Gravel
Building
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Individual Water Meter, Public
Others
Restrictions None
Tax ID 007-634-001-000
Security Features None
Special Listing Condition Not Applicable
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Bought with Marielena Carriglio • Coast Realty and Property Management