Great investment opportunity to own a a tri-plex in a highly desirable rental area. Blessed with a great location that is close to NPS and downtown vacancies do not last long. Each unit has it's own garage. All apartments have washer dryer hookups and are on separate water meters. This property has been maintained well and will provide steady income.
Sold for $1,500,000
Tax assessed value
$1,500,000
1221 5th St, Monterey, CA 93940
5beds
5baths
2,145sqft
Triplex, Residential Income
Built in 1965
-- sqft lot
$1,799,100 Zestimate®
$699/sqft
$3,939 Estimated rent
Home value
$1,799,100
$1.60M - $2.03M
$3,939/mo
Zestimate® history
Owner options
List your home for rent
$3,939/mo
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$3,939/mo
Rent Zestimate®
Refinance and save
$9,417/mo
Est. payment
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$9,417/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Geary Engles 00874135 831-596-7618,
First City Real Estate, Inc. 831-649-2533
Bought with:
Michael Singh, 01840098
Singh Real Estate
Source: MLSListings Inc,MLS#: ML81969647
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Central Forced Air Gas
Cooling
- None
Appliances
- Laundry: Hookups Only
Features
- Flooring: Carpet, Laminate, Slate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 2,145
- Total interior livable area: 2,145 sqft
Property
Parking
- Total spaces: 3
- Parking features: Attached, Common
- Garage spaces: 3
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 5,991 sqft
- Features: None
Details
- Parcel number: 001839013000
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1965
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
- Utilities for property: Individual Electric Meters, Individual Gas Meters
Community & neighborhood
Location
- Region: Monterey
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 8/15/2024 | Sold | $1,500,000-11.5%$699/sqft |
Source:  MLSListings Inc #ML81969647 Report a problem | ||
| 7/29/2024 | Pending sale | $1,695,000$790/sqft |
Source: MLSListings Inc #ML81969647 Report a problem | ||
| 7/2/2024 | Contingent | $1,695,000$790/sqft |
Source: MLSListings Inc #ML81969647 Report a problem | ||
| 6/14/2024 | Listed for sale | $1,695,000+900%$790/sqft |
Source: MLSListings Inc #ML81969647 Report a problem | ||
| 3/31/1997 | Sold | $169,500$79/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,557 +25.9% | $1,500,000 +19% |
| 2024 | $13,944 +3% | $1,260,127 +2% |
| 2023 | $13,535 +1.4% | $1,235,420 +2% |
| 2022 | $13,350 +1.5% | $1,211,197 +2% |
| 2021 | $13,157 +3.9% | $1,187,449 +1% |
| 2020 | $12,661 -0.3% | $1,175,274 +6.8% |
| 2019 | $12,694 +6.9% | $1,100,000 +4.8% |
| 2018 | $11,870 +21.2% | $1,050,000 +14.8% |
| 2017 | $9,794 | $915,000 +12.3% |
| 2016 | -- | $815,000 +8.7% |
| 2015 | $8,095 | $750,000 |
| 2014 | $8,095 | $750,000 -11.8% |
| 2011 | -- | $850,000 -12.1% |
| 2010 | -- | $967,124 |
| 2009 | -- | $967,124 -5% |
| 2008 | -- | $1,018,025 +2% |
| 2007 | -- | $998,065 +2% |
| 2006 | -- | $978,496 +2% |
| 2005 | -- | $959,310 +2% |
| 2004 | -- | $940,500 +250.2% |
| 2003 | -- | $268,538 +2% |
| 2002 | -- | $263,273 +2% |
| 2001 | $2,613 | $258,111 +2% |
| 2000 | -- | $253,050 |
Find assessor info on the county website
Neighborhood: Oak Grove
Nearby schools
GreatSchools rating
- 7/10La Mesa Elementary SchoolGrades: K-8Distance: 1.2 mi
- 8/10Monterey High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- District: MontereyPeninsulaUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,799,100
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,799,100
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