Rare find with high rental income potential, an exquisite 5 unit apartment building located in Monterey, CA. 737 Laine St. is close to key amenities including Cannery Row and New Monterey Downtown shopping, restaurants and coveted beaches. This building will attract tenants looking for a vibrant downtown lifestyle. A rare opportunity for any multi-family investor looking to add a highly sought after property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to ones real estate investment portfolio and/or a great 1031 Exchange.
Sold for $1,450,000
$1,450,000
Laine St, Monterey, CA 93940
5beds
5baths
2,577sqft
Five Or More Units, Residential Income
Built in 1983
-- sqft lot
$1,791,500 Zestimate®
$563/sqft
$3,804 Estimated rent
Home value
$1,791,500
$1.54M - $2.10M
$3,804/mo
Zestimate® history
Owner options
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$3,804/mo
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$3,804/mo
Rent Zestimate®
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$9,177/mo
Est. payment
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$9,177/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Robert Slawinski 01354172 408-505-0708,
eXp Realty of California Inc 888-584-9427
Bought with:
Kevin Cesario, 01953086
Real Brokerage Technologies
Source: MLSListings Inc,MLS#: ML81944426
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Central Forced Air, Fireplace(s)
Cooling
- Other
Appliances
- Included: Electric Cooktop, Disposal
Features
- Flooring: Carpet, Vinyl Linoleum
- Doors: Other
Interior area
- Total structure area: 2,577
- Total interior livable area: 2,577 sqft
Property
Parking
- Total spaces: 1
- Parking features: Carport
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: Grip-Accessible Features, Other
Lot
- Size: 5,837 sqft
Details
- Parcel number: 001083007000
- Zoning: R-1-15
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1983
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Monterey
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 3/21/2024 | Sold | $1,450,000-12.1%$563/sqft |
Source:  MLSListings Inc #ML81944426 Report a problem | ||
| 2/17/2024 | Contingent | $1,650,000$640/sqft |
Source: MLSListings Inc #ML81944426 Report a problem | ||
| 2/8/2024 | Listed for sale | $1,650,000$640/sqft |
Source: MLSListings Inc #ML81944426 Report a problem | ||
| 1/26/2024 | Contingent | $1,650,000$640/sqft |
Source: MLSListings Inc #ML81944426 Report a problem | ||
| 1/16/2024 | Price change | $1,650,000-5.7%$640/sqft |
Source: MLSListings Inc #ML81944426 Report a problem | ||
| 11/27/2023 | Price change | $1,750,000-5.4%$679/sqft |
Source: MLSListings Inc #ML81944426 Report a problem | ||
| 10/8/2023 | Listed for sale | $1,850,000$718/sqft |
Source: MLSListings Inc #ML81944426 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 93940
Nearby schools
GreatSchools rating
- 7/10La Mesa Elementary SchoolGrades: K-8Distance: 0.9 mi
- 8/10Monterey High SchoolGrades: 9-12Distance: 1.4 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
$1,791,500
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
$1,791,500
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