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Sold for $1,550,000
  • $1,550,000

    700 David Ave, Monterey, CA 93940

    4beds
    4baths
    2,235sqft
    Quadruplex, Residential Income
    Built in 1987
    -- sqft lot
    $1,519,100 Zestimate®
    $694/sqft
    $4,542 Estimated rent

    Home value

    $1,519,100

    $1.44M - $1.60M

    $4,542/mo

    Zestimate® history
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    $9,712/mo

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    What's special

    Large corner lotBay views
    Ideally located on a large corner lot just blocks from the bay, Cannery Row, Monterey Bay Aquarium, restaurants, shopping, the scenic recreation trail, public transportation and more. Built by the current owner's family in 1987, this is the first time this property has been on the market. The foundation of the building is a reinforced concrete carport with 5+ parking spaces and storage for each unit. The apartments are on the second level, taking advantage of the bay views. This fully occupied fourplex has a strong rental history making it an excellent investment and key asset for your portfolio.

    Zillow last checked:

    Listing updated:

    Listed by:

    Jeannie Ferrara 01464647 831-236-1111,

    Coldwell Banker Realty 831-626-2222,

    Joanne Garden 00978911 831-595-2355,

    Coldwell Banker Realty

    Bought with:

    Victor Nemechek, 02132293

    Radius Agent Realty

    Source: MLSListings Inc,MLS#: ML82043619MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Kitchen
    • Features: Countertop_Formica
    Heating
    • Electric
    Cooling
    • None
    Appliances
    • Included: Electric Cooktop, Dishwasher, Disposal, Electric Oven, Refrigerator, Washer/Dryer
    Features
    • Flooring: Carpet, Vinyl Linoleum
    • Doors: None
    Interior area
    • Total structure area: 2,235
    • Total interior livable area: 2,235 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Assigned, Carport, Enclosed, Guest, Off Site, Off Street
    • Carport spaces: 5
    Accessibility
    • Accessibility features: None
    Features
    • Stories: 2
    • Has view: Yes
    • View description: Bay, City Lights, Hills, Mountain(s), Ocean
    • Has water view: Yes
    • Water view: Bay,Ocean
    Lot
    • Size: 6,098 Square Feet
    Details
    • Parcel number: 001087005000
    • Zoning: R-3-5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Contemporary
    • Property subtype: Quadruplex, Residential Income
    Materials
    • Concrete
    • Foundation: Slab, Reinforced Concrete
    • Roof: Composition
    Condition
    • Year built: 1987

    Utilities & green energy

    • Gas: IndividualGasMeters, PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters

    Community & HOA

    Location
    • Region: Monterey

    Financial & listing details

    • Price per square foot: $694/sqft
    • Tax assessed value: $311,089
    • Annual tax amount: $17,600
    • Date on market: 4/18/2026
    • Listing agreement: ExclusiveRightToSell
    • Inclusions: Building, DishwasherAllUnits, OvenRangeAllUnits
    • Lease term: Month To Month

    Price history

    DateEventPrice
    7/16/2026Sold$1,550,000-3.1%$694/sqft
    Source: MLSListings Inc #ML82043619 Report a problem
    6/30/2026Pending sale$1,600,000$716/sqft
    Source: MLSListings Inc #ML82043619 Report a problem
    6/12/2026Contingent$1,600,000$716/sqft
    Source: MLSListings Inc #ML82043619 Report a problem
    5/18/2026Listed for sale$1,600,000$716/sqft
    Source: MLSListings Inc #ML82043619 Report a problem
    4/29/2026Contingent$1,600,000$716/sqft
    Source: MLSListings Inc #ML82043619 Report a problem
    4/18/2026Listed for sale$1,600,000$716/sqft
    Source: MLSListings Inc #ML82043619 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $311,089 +2%
    2025$4,174 +9.3%$304,990 +2%
    2024$3,818 +11.6%$299,010 +2%
    2023$3,422 +1.4%$293,148 +2%
    2022$3,376 +1.4%$287,401 +2%
    2021$3,329 +3.7%$281,767 +1%
    2020$3,211 -4.3%$278,879 +2%
    2019$3,354 +3.8%$273,412 +2%
    2018$3,230 +7.5%$268,052 +2%
    2017$3,006 +1.7%$262,797 +2%
    2016$2,955 +3.1%$257,645 +1.5%
    2015$2,865 $253,776 +2%
    2014$2,865 $248,805 +2.5%
    2012-- $242,827 +2%
    2011-- $238,067 +0.8%
    2010-- $236,289 -0.2%
    2009-- $236,852 +2%
    2008-- $232,209 +2%
    2007-- $227,656 +2%
    2006-- $223,193 +2%
    2005-- $218,818 +2%
    2004-- $214,529 +1.9%
    2003-- $210,598 +2%
    2002-- $206,469 +2%
    2001$2,071 $202,421 +2%
    2000-- $198,452
    Find assessor info on the county website

    Neighborhood: New Monterey

    Nearby schools

    GreatSchools rating
    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
    $1,519,100
    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
    $1,519,100