Rarely available 12-unit Monterey apartment complex. The Oak Grove neighborhood is highly sought after by tenants and investors. This complex is three blocks from the Pacific Ocean and Del Monte Beach. The property is two blocks from the Navy Post Grad School, whose students are ideal residents for 12-30 months. The unit mix consists of 11 studios ( average rent $1420) and a two-bedroom / one-bathroom unit. Market rents are $1600 for the studios and $2000 for the two-bedroom. The units are separately metered for water. Each unit has its own hot water heater. Tenants pay PG&E and water. The landlord is responsible for sewer, garbage, and common area PG&E & water. Newly painted in 2020. Positive features include stucco exteriors, cement & steel staircases, cement decks, and an asphalt composition roof. Laundry equipment is owned by the building. Rental income is based on the August 2021 rent roll.
|LAST UPDATED||7/19/2021||YEAR BUILT||1982|
|STATUS||Conditional||PROPERTY TYPE(S)||Multi Family|
|School District||Monterey Peninsula Unified|
|BASEMENT||Foundation: Concrete Slab|
|GARAGE||Carport , Off-Street Parking, On Street|
|INTERIOR||Floors: Carpet, Laminate, Tile, Vinyl / Linoleum|
|LOT||5998 sq ft|
|LOT DESCRIPTION||Grade - Level|
|SEWER||Sewer: Sewer Connected|
|WATER||Water: Private / Mutual|
TOTAL MONTHLY PAYMENT
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. All real estate listings in the MLSListings MLS system are marked with the MLSListings Internet Data Exchange icon (a stylized house inside a circle), and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of 7/25/21 1:52 AM PDT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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