543 Monroe Street Monterey, CA 93940

$1,359,000
543 Monroe Street, Monterey, CA 93940
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ML81639489

Multi-Family Home for sale in Monterey, CA

for $1,359,000. This 2,802 square foot home was built in 1915 on a lot size of 0 Acre(s).

Property Information

  • $1,359,000
  • Multi-Family
  • 2,802 Square Feet
  • Taxes are $15,615
  • Triplex
  • Active
  • Lot size of 0 Acre(s)
  • Built in 1915
  • Monterey, CA
  • Monterey Vista Neighborhood
  • Monterey County
  • MLS/Web ID is ML81639489

Description

Old Monterey Triplex consisting of a 1, 256 sq. ft. two bedroom / 1.5 bath home and a duplex with two 773 sq. ft. 2 bedroom / one bathroom units. The property is ideal for an owner occupant or a second home with rental income. The apartment rents are $1500/month for each unit. Market rents are $2000+ per unit. Potential gross income: $82, 800. The property is located close to MIIS, DLI, and downtown Monterey. The house was remodeled several years ago and has large kitchen with dining area, granite counters, high end appliances, white washed cabinets and floors, skylights, and a washer dryer hookups. The bathrooms have marble tile and glass shower doors. The house also features a 440 sq. ft. sundeck with ocean views. The units have a dishwasher, masonry fireplace and gas heat. The upper unit has a 264 sq. ft. deck with ocean views. The downstairs unit has a fenced patio. All units have covered carports. The units are separately metered for gas & electric. Owner pays garbage and sewer.

Interior 5

Flooring

  • Hardwood Floors
  • Tile Flooring
  • Wall-to-Wall Carpet

Heating System

  • Forced Air
  • Gas Heater
  • Wall Unit

Sewer

  • Public Sewer

Utilities

  • Electric

Water Source

  • Other

Exterior 2

Exterior

  • Other

Roof

  • Composition

Miscellaneous 3

Land Documents

  • Other

Maintenance Fee Includes

  • Gas

View

  • Bay View
  • City View
  • Hills View

† Excluded Feature

Listed By

Listing Agent: Hap Albers
Broker: ALBERS REAL ESTATE INVESTMENT COMPANY

543 Monroe Street, Monterey, CA, 93940 is a Multi-Family Home for sale at $1,359,000 with 2,802 sqft and a lot size of 0 Acre(s). 543 Monroe Street was built in 1915. The property's zip code is 93940 which is in Monterey, CA

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Pricing History

Date Price Price Change Description
6/16/2017 $1,359,000 -2.58 % Price Change
6/16/2017 $1,395,000 Price Change
2/20/2017 $1,395,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Monterey $1,472,839 8 % above $998,500 27 % below
Multi-family listings in Monterey $2,115,357 56 % above $1,900,000 40 % above

Get the facts about Monterey, CA!

Population 28,493
Population Growth (since 2000) -3 %
Median Income $64,554
Median Age 38.24
Households w/ Children 21 %

Residential Dwellings

  • Owned 4597
  • Vacant 1306
  • Rented 7930

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