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498 Park Ave

Monterey, CA 93940
  • $3,125,000
  • STATUS: Active Under Contract
  • ON SITE: 44 Days
  • ID#: ML81860842
Under Contract
UPDATED: 69 min ago
$3,125,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,505
    SQFT
  • $480
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

This 10 unit Apartment Complex is located in one of the most ideal neighborhoods in Monterey. Excellent proximity to The Naval Post Graduate School, Fisherman's Wharf and all that the City of Monterey has to offer. The accessibility of the location gives you a sense of ease and security but also allows convenient access to nearby towns, beaches, schools and local highways. All these factors lead to the continuous high demand for rental property in this area. This complex consists of 5 two-bedroom units, 4 one-bedroom units and a studio unit. Tenants pay their own PG&E and the landlord is responsible for sewer, garbage, water and common area PG&E. All units also have covered parking with storage and a shared coin-operated laundry room. There has been some updating in each unit as well as to the exterior decking, railing and landscaping. 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 2021-10-16T06:52:52.93. 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 The Kulda Real Estate Group | Keller Williams Realty.

Licensed in the State of California.
www.kuldagroup.com/homes/121022460
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498 Park Ave Monterey, CA 93940

  • Price: $3,125,000
  • Status: Active Under Contract
  • Updated: 69 min ago
  • ID#: ML81860842
0
Beds
0
Baths
0
½ Baths
N/A
Acres
6,505
SQFT
$480
$/SQFT
1958
Built
Neighborhood:
Oak Grove
County:
Monterey
Area:
Oak Grove
Property Description
This 10 unit Apartment Complex is located in one of the most ideal neighborhoods in Monterey. Excellent proximity to The Naval Post Graduate School, Fisherman's Wharf and all that the City of Monterey has to offer. The accessibility of the location gives you a sense of ease and security but also allows convenient access to nearby towns, beaches, schools and local highways. All these factors lead to the continuous high demand for rental property in this area. This complex consists of 5 two-bedroom units, 4 one-bedroom units and a studio unit. Tenants pay their own PG&E and the landlord is responsible for sewer, garbage, water and common area PG&E. All units also have covered parking with storage and a shared coin-operated laundry room. There has been some updating in each unit as well as to the exterior decking, railing and landscaping. Rental income is based on the August 2021 rent roll.
Exterior Features

Foundation Concrete Perimeter And Slab Garage Parking Assigned SpacesCarport Number Of Buildings 2 Pool YN No Roof Tar And GravelOther Units In Complex Min 10 Yard Grounds Balcony / PatioOther

Interior Features

Beds Unit1 0 Beds Unit2 1 Beds Unit3 2 Beds Unit4 2 Cooling None Heating Wall Furnace Laundry Coin Operated Structure Sq Ft 6505

Property Features

Accessibility Features None Additional Listing Info Not Applicable City Limits Yes City Name Monterey Cross Street 5th Street Hoa YN No Lot Size Area Maximum 10000.00 Meters Master WaterSeparate Common AreaSeparate ElectricSeparate Gas Rent Unit2 1250 Rent Unit3 1855 Rent Unit4 1900 Restrictions None Security Features None Sewer Septic Sewer - Public Sq Ft Source Assessor Utilities Public Utilities Water Public Zoning Comm. 5 Or More Units

© 2021 MLSListings Inc. All rights reserved. Listing provided courtesy of Suzanne Menendez-Herbst of Shankle Real Estate.


© 2021 MLSListings Inc. Based on information from MLSListings MLS as of 2021-10-16T06:52:52.93. 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 The Kulda Real Estate Group | Keller Williams Realty.

Licensed in the State of California.
 
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