J.R. Rouse, Sotheby's International Realty
3775 Via Nona Marie, Suite 100, Carmel, CA 93923
Direct: (831) 318-4062
Fax: (888) 206-4496
263 Lighthouse Avenue, Pacific Grove, CA 93950
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$1,955,000 |
531028396815
Mortgage
$8,396/mon
Classic Cape Cod shingled Duplex with Ocean Views in a great location close to The Monterey Bay Aquarium, Cannery Row, Historic Monterey and Romantic Pacific Grove. The A side of the duplex 1766 square feet 3 bedrooms and 2 baths and a one car garage. The master is up with a balcony off the master bath with Bay Views The main Floor has a lovely living room with wood burning fireplace and family room that could be a multipurpose room. Formal dining room and kitchen that includes oven, 5 burner range dishwasher, and lots of cabinets and a separate laundry room 2 nice size bedrooms with a full bath. complete the downstairs. There is also a small private back yard. The B side is a 1072 square foot 2 bedroom with one and one half baths. Down is living dining combination with fireplace and kitchen and breakfast bar and half bath. Upstairs front bedroom has Monterey Bay views and shares a bath with the larger bedroom to the back. There is also a convenient upstairs laundry room.
LISTED BY
Bill Bluhm,
Sotheby's Int'l Realty-PG
bill.bluhm@sothebyshomes.com
Buyer/Sale agent: Bill Bluhm,
Property details
Common
Area: - Forest Ave/Pine Ave 130
Age: 34
Approx. Acr: .16acres
Approx. Bldg: 2839
Approx. Lot: 6,815sq. ft.
Days On Website: 16
List Date: 07/29/2021
MLS#: ML81855941
Number of Buildings: 1
Price per sq. ft.: $688
Sale Date: 09/17/2021
Sale Price: $1,955,000
Status: Sold
Type: Duplex
Year Built: 1988
Specific
Annual Gross Income: $66,785
Annual Total Expenses: $24,042
Capitalization Rate: 2.14
Cross Street: 4th
Financial Data Source: Actual, Property Manager, Rental Agreement
Gross Rent Multiplier: 28.98
Income Annual Rental: $68,850
Income Gross Scheduled: $68,850
Income Includes: Rents
Vacancy Factor: 3
Zoning: R2
Middle School: Pacific Grove Middle
Elementary School: Robert Down Elementary
Elementary School District: Pacific Grove Unified
High School: Pacific Grove High
High School District: Pacific Grove Unified
Units
Unit 1
- Bathrooms Full: 2
- Beds#: 3
- Rent: $3,075
- Sqft: 1766
Unit 2
- Bathrooms Full: 1
- Bathrooms Half: 1
- Beds#: 2
- Rent: $2,650
- Sqft: 1072
Features
Amenities Misc: High Ceiling
City Limits: Yes
Cooling: None
Energy Saving Features: Double Pane Windows
Flooring: Carpet, Tile, Vinyl/Linoleum
Foundation: Concrete Perimeter, Concrete Slab, Crawl Space, Post & Pier
Garage Parking: Assigned Spaces, Attached Garage, Common Parking Area, Gate/Door Opener
Heating: Central Forced Air, Central Forced Air - Gas
Incorporated: Yes
Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Formica, Dishwasher, Garbage Disposal, Hood Over Range, Hookups - Gas, Microwave, Oven - Built-In, Oven - Gas, Oven Range - Gas, Refrigerator (s)
Listing Includes: Building, Dishwasher - All Units, Land, Oven/Range - All Units, Refrigerator - All Units
Lot Description: Grade - Sloped Up , Views
Meters: Separate Electric, Separate Gas, Separate Water
Roof: Composition
Security Features: None
Sewer Septic: Sewer - Public
View: Bay, Ocean
Water: Irrigation Connected, Private/Mutual, Public
Yard Grounds: Back Yard
Description
Additional Listing Info: Not Applicable / Not Disclosed
Annual Oper. Expenses Include: Fee - Property Management, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer
Discloser Other: Estoppel Certificate, Sewer Lateral Inspection Required
Disclosures Hazard: Earthquake Disclosure, Fault Zone - See Report, Flood Zone - See Report
Tenant Pays: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
