429 Cortes St, Monterey, CA 93940

Studio, 3,134 sqft
For Sale
$869,000
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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
  • 359 days on Zillow
  • Cooling: None
Features
  • Barbecue
  • 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
  • Construction quality: 1.0
  • Exterior material: Stucco
  • Roof type: Other
  • Room count: 18
  • # Stories: 2.0
  • 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
Home Values
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$854,948
-$20,642 Last 30 daysd
$812K
$898K
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$1,803/mo
-$79 Last 30 daysd
$1.1K
$3.1K
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Neighborhood for 429 Cortes Street

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Zillow predicts 93940 home values will increase 4.2% next year, compared to a 3.7% rise for Monterey as a whole. Among 93940 homes, this home is 33.6% more expensive than the midpoint (median) home, but is priced 34.2% 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 10.5% less than in Monterey, and 77.9% lower than the national average. This lower local number could help 93940 home values rise more quickly than other regions in Monterey.

Learn more about forecast calculations or 93940 home values.
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