Property Details
About this Property
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.
MLS Listing Information
MLS #
ML81853957
MLS Source
MLSListings, Inc.
Interior Features
Kitchen
Countertop - Formica
Appliances
Cooktop - Electric, Oven Range, Washer/Dryer
Flooring
Carpet, Laminate, Tile, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Electric
Exterior Features
Roof
Composition
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Carport, Off-Street Parking, On Street, Garage: 0 Car(s)
Elementary District
Monterey Peninsula Unified
High School District
Monterey Peninsula Unified
Zoning
R-3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 12 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | $1,200 | $1,600 | 11 |
| 2 | – | 2 | 1/0 | $1,642 | $1,642 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
200 Park Ave is a Residential Income in Monterey, CA 93940. This 6,063 square foot property sits on a 6,000 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,300,000 and was built in 1982. This address can also be written as 200 Park Ave, Monterey, CA 93940.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Hap Albers, (831) 372-1922
