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200 Park Ave

Monterey, CA 93940
  • $3,250,000
  • STATUS: Active Under Contract
  • ON SITE: 97 Days
  • ID#: ML81853957
Under Contract
UPDATED: 158 min ago
$3,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,063
    SQFT
  • $536
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1982
County:
Area:

School Ratings & Info

Description

Rarely available 12-unit Monterey apartment complex. The Oak Grove neighborhood is highly sought after by tenants and investors. This complex is three blocks from the Pacific Ocean and Del Monte Beach. The property is two blocks from the Navy Post Grad School, whose students are ideal residents for 12-30 months. The unit mix consists of 11 studios ( average rent $1420) and a two-bedroom / one-bathroom unit. Market rents are $1600 for the studios and $2000 for the two-bedroom. The units are separately metered for water. Each unit has its own hot water heater. Tenants pay PG&E and water. The landlord is responsible for sewer, garbage, and common area PG&E & water. Newly painted in 2020. Positive features include stucco exteriors, cement & steel staircases, cement decks, and an asphalt composition roof. Laundry equipment is owned by the building. Rental income is based on the August 2021 rent roll.

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© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-10-21T23:48:39.683. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
www.bayareahomesearch.com/homes/119401139
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200 Park Ave Monterey, CA 93940

  • Price: $3,250,000
  • Status: Active Under Contract
  • Updated: 158 min ago
  • ID#: ML81853957
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,063
SQFT
$536
$/SQFT
1982
Built
Neighborhood:
Oak Grove
County:
Monterey
Area:
Oak Grove
Property Description
Rarely available 12-unit Monterey apartment complex. The Oak Grove neighborhood is highly sought after by tenants and investors. This complex is three blocks from the Pacific Ocean and Del Monte Beach. The property is two blocks from the Navy Post Grad School, whose students are ideal residents for 12-30 months. The unit mix consists of 11 studios ( average rent $1420) and a two-bedroom / one-bathroom unit. Market rents are $1600 for the studios and $2000 for the two-bedroom. The units are separately metered for water. Each unit has its own hot water heater. Tenants pay PG&E and water. The landlord is responsible for sewer, garbage, and common area PG&E & water. Newly painted in 2020. Positive features include stucco exteriors, cement & steel staircases, cement decks, and an asphalt composition roof. Laundry equipment is owned by the building. Rental income is based on the August 2021 rent roll.
Exterior Features

Foundation Concrete Slab Garage Parking CarportOff-Street ParkingOn Street Lot Description Grade - Level Number Of Buildings 2 Pool YN No Roof Composition Units In Complex Min 12

Interior Features

Additional Rooms Storage Beds Unit2 2 Cooling None Flooring CarpetLaminateTileVinyl / Linoleum Heating Electric Kitchen Features Cooktop - ElectricCountertop - FormicaOven RangeRefrigerator Laundry Coin OperatedWasher / Dryer Structure Sq Ft 6063

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name Monterey Hoa YN No Incorporated Yes Lot Size Area Maximum 6000.00 Meters Separate ElectricSeparate GasSeparate Water Rent Unit1 1200 Rent Unit2 1642 Restrictions None Security Features Other Sewer Septic Sewer Connected Sq Ft Source Assessor Utilities Individual Electric MetersIndividual Gas Meters Water Private / Mutual Zoning R-3

© 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Hap Albers of Albers Real Estate Investment Company.


© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-10-21T23:48:39.683. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate Experts.

Licensed in the State of California.
 
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