J.R. Rouse, Sotheby's International Realty
3775 Via Nona Marie, Suite 100, Carmel, CA 93923
Direct: (831) 318-4062
Fax: (888) 206-4496
3131 Bayer Street, Marina, CA 93933
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$2,150,000 |
2100647218296
Mortgage
$9,233/mon
Exciting opportunity to own an attractive 8-unit apartment complex and a piece of the stunning Monterey Peninsula! Located on a high visibility large corner lot, having proximity to beaches, grocery, and shopping centers. Nice, spacious, functional floor plans. Each unit is approx. 800 Sq.Ft., all having 2 bedrooms and 1 full bathroom. There are 8 carport parking spaces and 4 additional on-site uncovered parking spaces. There is also a common area laundry room with 1 Washer and 1 Dryer (both leased & coin operated). Don't miss out on this one!
LISTED BY
Mario Torrente,
Sotheby's International Realty
mario.torrente@sothebys.realty
Sotheby's International Realty
Buyer/Sale agent: Hap Albers,
Property details
Common
Area: - Upper Carmel 091
Age: 47
Approx. Acr: .42acres
Approx. Bldg: 6472
Approx. Lot: 18,296sq. ft.
Days On Website: 13
List Date: 10/23/2023
MLS#: ML81945869
Number of Buildings: 1
Price per sq. ft.: $332
Sale Date: 11/28/2023
Sale Price: $2,150,000
Status: Sold
Total Units: 8
Year Built: 1976
Specific
Annual Gross Income: $154,761
Annual Total Expenses: $60,293
Capitalization Rate: 3.6
Cross Street: Corner Reservation Road
Financial Data Source: Estimated, Property Manager, Tax Return
Gross Rent Multiplier: 16.45
Income Annual Rental: $159,150
Income Gross Scheduled: $159,547
Income Includes: Coin Operated Equip, Lease
Income Other: 397
Vacancy Factor: 3
Zoning: R-4
Elementary School District: Monterey Peninsula Unified
High School District: Monterey Peninsula Unified
Units
Unit 1
- Bathrooms Full: 1
- Beds#: 2
- Rent: $1,700
- Sqft: 800
Features
Accessibility Features: None
City Limits: Yes
Cooling: None
Flooring: Carpet, Vinyl/Linoleum
Foundation: Concrete Slab
GarageParking: Carport , Off-Street Parking
Heating: Electric
Incorporated: Yes
Kitchen: Dishwasher, Oven Range - Electric, Refrigerator (s)
Laundry: Coin Operated, Washer/Dryer
Listing Includes: Dishwasher - All Units, Oven/Range - All Units, Refrigerator - All Units
Lot Description: Grade - Level
Meters: Master Gas, Master Water, Separate Electric
Min # of Units in Complex: 8
Roof: Composition, Other
Security Features: None
Sewer Septic: Sewer Connected
Water: Public
Yard Grounds: Balcony/Patio, Fenced
Description
Additional Listing Info: Not Applicable / Not Disclosed
Annual Oper. Expenses Include: Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Gas, Utilities - Hot Water, Utilities - Water
Disclosures Hazard: Fault Zone - See Report, Natural Hazard Disclosure
Tenant Pays: Utilities - Electric
