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Sold for $1,450,000 on 03/21/24
  • $1,450,000

    Laine St, Monterey, CA 93940

    --beds
    --baths
    2,577sqft
    Five Or More Units, Residential Income
    Built in 1983
    -- sqft lot
    $1,543,000 Zestimate®
    $563/sqft
    $-- Estimated rent

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    $8,979/mo

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    What's special

    Rare find with high rental income potential, an exquisite 5 unit apartment building located in Monterey, CA. 737 Laine St. is close to key amenities including Cannery Row and New Monterey Downtown shopping, restaurants and coveted beaches. This building will attract tenants looking for a vibrant downtown lifestyle. A rare opportunity for any multi-family investor looking to add a highly sought after property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to ones real estate investment portfolio and/or a great 1031 Exchange.

    Zillow last checked: 8 hours ago

    Listing updated: December 21, 2024 at 02:07am

    Listed by:

    Robert Slawinski 01354172 408-505-0708,

    eXp Realty of California Inc 888-584-9427

    Bought with:

    Kevin Cesario, 01953086

    Real Brokerage Technologies

    Source: MLSListings Inc,MLS#: ML81944426MLS Logo

    Facts & features

    Interior

    Heating
    • Central Forced Air, Fireplace(s)
    Cooling
    • Other
    Appliances
    • Included: Electric Cooktop, Disposal
    Features
    • Flooring: Carpet, Vinyl Linoleum
    • Doors: Other
    Interior area
    • Total structure area: 2,577
    • Total interior livable area: 2,577 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Carport
    • Garage spaces: 1
    • Has carport: Yes
    Accessibility
    • Accessibility features: Grip-Accessible Features, Other
    Lot
    • Size: 5,837 sqft
    Details
    • Parcel number: 001083007000
    • Zoning: R-1-15
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units, Residential Income
    Materials
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1983

    Utilities & green energy

    • Gas: PublicUtilities
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Public Utilities, Water Public

    Community & neighborhood

    Location
    • Region: Monterey

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $1,543,000
    2% more+$30,860
    With Zillow Showcase(estimated)$1,573,860