$1,450,000
$1,650,000
12.1%For more information regarding the value of a property, please contact us for a free consultation.
737 Laine ST Monterey, CA 93940
2,577 SqFt
Key Details
Sold Price $1,450,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 2,577 sqft
Price per Sqft $562
MLS Listing ID ML81944426
Sold Date 03/21/24
HOA Y/N No
Year Built 1983
Annual Tax Amount $7,049
Lot Size 5,850 Sqft
Acres 0.1343
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.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-1-15
Interior
Heating Central, Fireplace(s)
Fireplace No
Exterior
Carport Spaces 5
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 001083007000
Security Features Security Lights
Financing Cash
Special Listing Condition Standard
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Bought with Kevin Cesario • Real Brokerage Technologies