Water Views - Eco Friendly
Listed By:
Hap Albers with Albers Real Estate Investment Company - 408-893-6002
Address
277 Van Buren ST, Monterey, CA
Price
$ 1,395,000
Property Attributes
  • MLS#ML81955626
  • TypeIncome
  • CountyMONTEREY
  • CityMonterey
  • AreaOld Town Monterey
  • Zip93940
  • StyleTraditional
  • Price$ 1,395,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2100
  • Lot Size3,999 SqFt
Data Source:
MLSListings Inc.
Property Description

Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential rent upside - market rents are $2100 per month. Also, both downstairs units may be delivered vacant at the close of escrow. Based on a discussion with MPWMD, there may be enough water credits to construct an ADU.

Price History
2/28/2024 Listed $1,425,000
4/11/2024 3% - $1,395,000

General Features

Heating Gas,Electric
Cooling None
Utilities Individual Electric Meters,Individual Gas Meters,Public Utilities
Roof Composition
Water Public
Number of Garage Spaces 1
# of Buildings 1
Architectural Style Traditional
Security Features None
Construction Materials Wood,Wood Frame
Energy Features None
Additional Rooms Other
Year Built 1944
View Bay,City,Downtown
Age 80
Property SubType Triplex
City Limits (Y/N) Yes
Zoning Text R-3-6
Incorporated Y/N Yes
Accessibility None
County Monterey
Property Type Residential Income (2-4 units)
Special Listing Conditions Not Applicable
Status Active
City Monterey
MLS Area Old Town Monterey
Listing Agent State License 01006595

Interior Features

Kitchen Countertop - Formica,Cooktop - Gas,Appliances - Vary by Unit,Varies by Unit,Oven Range - Built-In,Gas
Flooring Laminate,Carpet,Hardwood
Unit 1 Rent 3200
Unit 2 Approx Square Footage 533
Unit 3 Approx Square Footage 500
Building Unit Total 3
Living SqFt 2100
Unit 2 Number of Bedrooms 1
Laundry Features Washer/Dryer - Some Units

Exterior Features

Lot Description Grade - Mostly Level
Parking Features Tandem Parking
Horse Property No
Parking Spaces 1
Lot Size Area 4000.00
Maximum Lot Size 4000.00
Yard/Grounds Fenced,Balcony / Patio,BBQ Area
Sewer/Septic Sewer Connected
Meters Separate Electric,Separate Gas
Foundation Details Concrete Perimeter
Building Area Total 2100
Lot Acres 0.0918
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 93940

Price
AVG $2.55M
$1.4M
Visits
AVG 72
98
Data Provided by Inside Real Estate®
Year Built
AVG 1944
1944