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737 Laine St, Monterey, CA 93940
$1,450,000
737 Laine St, Monterey, CA 93940View this property at 737 Laine St, Monterey, CA 93940
737 Laine StMontereyCA93940
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Property Description
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.
Full Property Details
Full Property Details for 737 Laine St
General
- Sold For: $1,450,000
- Status: Closed
- Type: Commercial Residential Facility
- MLS ID: ML81944426
- Added to Site: 203 day(s) ago
Interior
- Interior Features: Vaulted Ceiling , Walk-In Closet
- Flooring: Carpet, Vinyl / Linoleum
Rooms
Other Rooms
- Kitchen: Electric Cooktop, Garbage Disposal, Refrigerator
Additional Information
- Security/Safety: Security Lights
Parking
- Garage Spaces: 1
- Parking Features: Carport
Location
- Area: New Monterey
- County: Monterey
- Cross Streets: Prescott
Heating & Cooling
- Cooling Type: Other
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Public Utilities
- Metering: Separate Electric, Separate Gas, Separate Water
Structural Information
- Foundation: Concrete Slab
- Roof: Composition
- Disability Access: Grab Bars, Other
- Square Feet: 2,577
- Year Built: 1983
Unit Information
Unit 1
- Square Feet: 500
- Bedrooms: 1
Unit 2
- Square Feet: 500
- Bedrooms: 1
Unit 3
- Square Feet: 500
- Bedrooms: 1
Unit 4
- Square Feet: 500
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.1343
- Minimum Lot Size: 5850
- Building Sites: 1
- Zoning: R-1-15
Disclosures and Reports
- Restrictions: Pets Not Allowed
Listed by eXp Realty of California Inc, Robert Slawinski
Sold by Rbt, Kevin Cesario
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Schools
Schools serving 737 Laine St
School District:Monterey Peninsula Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
251 Soledad Dr, Monterey, CA 93940 | K-5 | 1.7 mi | |
Walter Colton Middle School
100 Toda Vis, Monterey, CA 93940 | 6-8 | 1.6 mi | |
101 Herrmann Dr, Monterey, CA 93940 | 9-12 | 1.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 737 Laine St
Date
Details
Price
Change
Source
3/21/2024
Sold
$1,450,000
-12.12%
MLS
1/16/2024
Price Reduced
$1,650,000
-5.71%
MLS
11/27/2023
Price Reduced
$1,750,000
-5.41%
MLS
10/08/2023
Listed
$1,850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
737 Laine St, Monterey, CA 93940 (MLS# ML81944426) is a Commercial Residential Facility property that was sold at $1,450,000 on March 21, 2024. Want to learn more about 737 Laine St? Do you have questions about finding other Commercial Residential Facility real estate for sale in Monterey? You can browse all Monterey real estate or contact a Coldwell Banker agent to request more information.