429 Cortes St, Monterey, CA 93940

Studio-- baths3,134 sqft Edit

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Off Market
Zestimate®: $939,190
Rent Zestimate®: $2,127/mo
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My Notes

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Great Location near Fisherman's Wharf and El Estero Lake("Dennis the Menace Park) and Naval Post Grad School. AND Walking distance to Downtown Monterey.100% RENTED FOR 40+ YEARS.Units all have kitchens/livingrooms/bedrooms and bathroom (There 2 two bed/1ba units and 2 one bedrm/one bath units)One unit is perfect for the owner. All tenants share StorageShed and 2 carGarage and driveway for parking.
Neighborhood Description
Down the street from ocean and Monterey Pier. Around the corner from the "Charlie Brown-Peanuts" park. Walking distance to the Post Naval Academy too.

What I love about the home

100% rented for the past 40 years. Each unit has own gas meter.
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Facts

  • Lot: 4,000 sqft
  • Multi Family
  • Built in 1930
  • Views: 5,844 all time views
  • Cooling: None
  • Heating: Other

Features

  • Barbecue
  • Fireplace
  • Flooring: Carpet, Linoleum / Vinyl
  • Parking: Carport, Garage - Detached, On street, 304 sqft
  • View: City, Water

Additional Features

  • Four plex
  • detached2 car garage-shared

Appliances Included

  • Garbage disposal

Construction

  • Exterior material: Stucco
  • Roof type: Other
  • Room count: 18
  • Stories: 2
  • Structure type: Other
  • Unit count: 4

Other

  • Floor size: 3,134 sqft
  • Heating: Gas
  • Last remodel year: 1930
  • Parcel #: 001713002000
  • Unit floor #: 2
  • Zillow Home ID: 19310906

Zestimate Details

Zestimate
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$939,190
+$9,973 Last 30 days
$817K
$1.12M
Zestimate range
Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$2,127/mo
-$105 Last 30 days
$1.3K
$4.1K
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Improve This Home's Value

The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

Mid-Range Minor Kitchen Remodel

  • Mid-Range Minor Kitchen Remodel

  • + 33K VALUE
  • Project cost: $21,497
  • See kitchen ideas

Mid-Range Bathroom Remodel

Deck Addition

Popularity on Zillow

5,844 all-time views
of this home (chart)

Comparable Homes

Homes like this sold for $500K-1.09M.

$440K
$1.15M

Mortgages

Neighborhood: 93940

Zillow predicts 93940 home values will increase 5.8% next year, compared to a 5.5% increase for Monterey as a whole. Among 93940 homes, this home is valued 40% more than the midpoint (median) home, but is valued 29.1% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In 93940, the number of foreclosures waiting to be sold is 29.1% less than in Monterey, and 72.4% lower than the national average. This lower local number could help 93940 home values rise more quickly than other regions in Monterey.
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    Nearby Schools in Monterey

    GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

    Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

    Data by GreatSchools.org