Carmel Valley, CA 93924,Address not disclosed
Carmel Valley, CA 93924,Address not disclosed
Carmel Valley, CA 93924,Address not disclosed
Carmel Valley, CA 93924,Address not disclosed
Carmel Valley, CA 93924,Address not disclosed
Carmel Valley, CA 93924,Address not disclosed
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$5,090,000

$5,348,000

4.8%
Est.Price: ?

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Est. payment /mo

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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California Regional MLS (CRMLS)
Listed by Monterey Peninsul... • KW Coastal Estates
Bought with RECIP • Out of Area Office
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