862 David Avenue

    Monterey, CA 93940
    • $1,300,000
    • STATUS: Active Under Contract
    • ON SITE: 291 days
    • ID#: ML81764071
    Under Contract
    UPDATED: 77 min ago
    $1,300,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,163
      SQFT
    • $601
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Two units beautifully remodeled with ocean views from front house and yard. Front house is 3 bed/2bath, back unit 2 bed/2 bath (bonus room/bath offering flexible floor plan options). Hardwood floors, white shaker cabinetry, solid quartz counters, stainless appliances updated and beautiful. Sits on lower part of David Ave. for easy walk to Canary Row, Beach, & Restaurants. Off street parking for two+ cars. Street to alley lot and great curb appeal. Investor who wants GREAT cap rate of 5.46% or single family buyer that wants income to help with mortgage payment or extended family or back to SFR. No sign or lockbox.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T20:28:32.62. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

    www.twissrealty.com/homes/97817441

    862 David Avenue Monterey, CA 93940

    • Price: $1,300,000
    • Status: Active Under Contract
    • Updated: 77 min ago
    • ID#: ML81764071
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,163
    SQFT
    $601
    $/SQFT
    1957
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Monterey
    Area:
    699 - Not Defined
    Property Description
    Two units beautifully remodeled with ocean views from front house and yard. Front house is 3 bed/2bath, back unit 2 bed/2 bath (bonus room/bath offering flexible floor plan options). Hardwood floors, white shaker cabinetry, solid quartz counters, stainless appliances updated and beautiful. Sits on lower part of David Ave. for easy walk to Canary Row, Beach, & Restaurants. Off street parking for two+ cars. Street to alley lot and great curb appeal. Investor who wants GREAT cap rate of 5.46% or single family buyer that wants income to help with mortgage payment or extended family or back to SFR. No sign or lockbox.
    Exterior Features

    Architectural Style Ranch Carport Spaces 0.00 Foundation Details Concrete PerimeterSlab Garage Spaces 0.00 Lot Features Back Yard Lot Size Source Assessor Lot Size Units Square Feet Parking Features On SiteParking Space Parking Total 0.00 Parking YN Yes Roof Composition View OceanBay View YN Yes

    Interior Features

    Average1 Bed Area 1132 Average2 Bed Area 1031 Cooling None Cooling YN No Flooring Wood Heating Central Heating YN Yes Interior Features Beamed CeilingsAttic Fan

    Property Features

    Accessibility Features None Cap Rate 5.46 Gross Multiplier 15.15 Gross Scheduled Income 85800.00 Insurance Expense 890.00 Maintenance Expense 600.00 Professional Management Expense 0.00 Special Listing Conditions Standard Trash Expense 0.00 Zoning R-1

    Listing provided courtesy of Pamela King-Peres of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T20:28:32.62. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.

     
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