$5,090,000
$5,348,000
4.8%For more information regarding the value of a property, please contact us for a free consultation.
1.12 Acres Lot
SOLD DATE : 11/13/2020
Key Details
Sold Price $5,090,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81776180
Sold Date 11/13/20
HOA Y/N No
Year Built 1972
Annual Tax Amount $42,000
Lot Size 1.120 Acres
Property Description
Large units each with 2 walk-in closets, 2 regular closets and a linen closet. Double the size of other units and earning a very high rent per unit. These 2 bedroom 2 bathroom units are listed at a 4.7 cap with proven upside potential. The remodeled units are renting fast at $2500 plus both before and after Corona. If all units were rented at $2,500 the Gross would increase $50k to $360,000.00 without increasing expenses. This opportunity is three four plexes so that one might finance each unit individually at very low rates. Some units occupied over 10 years. These are very desirable, tenants can walk to the shops and restaurants in the village, or enjoy the open fields adjacent. Apartments are rare in Carmel Valley and demand is high. The income continues to increase so please review the most up to date financial information as it may be even further improved. Please be sure to visit https://bit.ly/3dC72Wv for COVID-19 rules for entering a home and best practices.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning HDR/B-6-D-S-R AZ
Interior
Heating Central
Cooling None
Fireplace No
Exterior
Carport Spaces 12
Roof Type Composition
Total Parking Spaces 12
Schools
School District Carmel Unified
Others
Tax ID 187512013000
Financing Conventional
Special Listing Condition Standard
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