5 Beds
3 Baths
2,100 SqFt
Active
Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. Off kitchen rooms potential can be combined into a third bedroom with ocean views. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential $4,000+ monthly rent. This $4000 rent, at 8% interest, can pay for $500,000 of an amortized loan payment. There may be enough water credits to construct an ADU on the site.
Property Details | ||
---|---|---|
Price | $1,395,000 | |
Bedrooms | 5 | |
Full Baths | 3 | |
Half Baths | 0 | |
Total Baths | 3 | |
Property Style | Traditional | |
Lot Size Area | 4000 | |
Lot Size Area Units | Square Feet | |
Acres | 0.0918 | |
Property Type | Residential | |
Sub type | SingleFamilyResidence | |
MLS Sub type | Single Family Residence | |
Stories | 2 | |
Year Built | 1944 | |
View | Bay,Mountain(s),Neighborhood | |
Roof | Composition | |
Heating | Electric | |
Foundation | Concrete Perimeter | |
Accessibility | None | |
Parking Spaces | 1 | |
Garage spaces | 1 | |
Geographic Data | ||
Directions | Cross Street: Scott Street | |
County | Monterey | |
Latitude | 36.602588 | |
Longitude | -121.896523 | |
Market Area | 699 - Not Defined | |
Address Information | ||
Address | 277 Van Buren Street, Monterey, CA 93940 | |
Postal Code | 93940 | |
City | Monterey | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Albers Real Estate Investment Company | |
Listing Agent | Hap Albers | |
Buyer Agency Compensation | 2.500 | |
Buyer Agency Compensation Type | % | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
School Information | ||
District | Other | |
Elementary School | Monte Vista | |
Middle School | Other | |
High School | Monterey | |
MLS Information | ||
Days on market | 65 | |
MLS Status | Active | |
Listing Date | Feb 28, 2024 | |
Listing Last Modified | May 3, 2024 | |
Tax ID | 001568011000 | |
MLS Area | 699 - Not Defined | |
MLS # | ML81955742 |
This information is believed to be accurate, but without any warranty.