$1,748,000

Estimated payment $9,954/month

Total Views 10,956
5 Beds
4 Baths
2,251 Sq Ft
$777 Price per Sq Ft

Highlights

  • Ocean View
  • Art Studio
  • Granite Countertops
  • Monterey High School Rated A
  • High Ceiling
  • 1-minute walk to Hoffman Park

About This Home

Imagine gathering around the dining table to enjoy a great meal and looking out the window to take in the passing sailboats and views of the incredible Monterey Bay. Nestled in the heart of New Monterey just blocks from the world-famous Monterey Bay Aquarium and vibrant Cannery Row, this beautifully updated Victorian with soaring ceilings balances modern amenities with coastal farmhouse design and timeless charm. With approximately 2,251 sq ft of living space on a 5,850 sq ft lot, the property includes the main house with 3 bedrooms and 1.5 baths plus a separate 2 bedroom 1 bath unit. A bonus studio has potential for an art studio, storage, mudroom, office, or a possible rental. Set in a sunny and desirable location above the Bay, the zoning allows for flexible use, making it an opportunity for investors, owner-occupants, or those seeking a multi-generational living setup. A pre-inspection was done and items on the list completed by a licensed contractor, including termite work. Come take a look and enjoy the view out the windows and under the hood.

Listing Agent

Amber Russell

Over the Moon Realty, Inc License #01795810 Listed on: 05/29/2025

Co-Listing Agent

Dr. Kim Barber

Over the Moon Realty, Inc License #02243824

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,602

Year Built

  • 1910

Lot Details

  • 5,850 Sq Ft Lot
  • Paved or Partially Paved Lot
  • Hillside Location
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Property Views

  • Ocean
  • Bay

Home Design

  • Duplex
  • Raised Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Ceiling Insulation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,251 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Art Studio
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • <<microwave>>
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Vinyl

Parking

  • 3 Parking Spaces
  • 2 Carport Spaces
  • On-Street Parking

Outdoor Features

  • Shed

Utilities

  • Forced Air Heating System
  • Wall Furnace
  • Thermostat
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Renewal Option

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $828
  • Manager Expense $3,600
  • Trash Expense $1,127
  • Operating Expense $9,157
  • Gross Income $107,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,602

Year Built

1910

Lot Details

0

Listing Details

  • Zoning: R-3-5
  • Subclass: Duplex
  • Age: 115
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2251
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Kitchen: 220 Volt Outlet, Appliances - Vary By Unit, Cooktop - Electric, Countertop - Granite, Countertop - Other, Dishwasher, Freezer, Garbage Disposal, Microwave, Refrigerator, Varies By Unit
  • Living Sq Ft: 2251
  • Security: Varies By Unit
  • Laundry: Hookups Only
  • Flooring: Laminate, Vinyl / Linoleum
  • Additional Rooms: Artist Studio

Exterior Features

  • Foundation: Concrete Block, Concrete Perimeter, Raised
  • Roof: Composition
  • View: Bay, Ocean, Water
  • Yard/Grounds: Back Yard, Drought Tolerant Plants, Low Maintenance, Storage Shed / Structure
  • Construction Type: Concrete, Concrete Block, Wood, Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, On Street
  • Carport Min: 2

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Schools

  • School District: Monterey Peninsula Unified

Lot Info

  • Lot Description: Grade - Hillside, Grade - Varies, Paved
  • Lot Acres: 0.1343
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5850.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5850.00

Green Features

  • Energy Features: Ceiling Insulation, Thermostat Controller

Rental Info

  • Existing Lease Term(s): Lease(s), Month To Month, Renewal Option, Security Deposit
  • Gross Rent Multiplier: 16.31
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 828
  • Expense Management: 3600
  • Expenses Total: 9157
  • Expense Trash: 1127
  • Income Annual Gross: 107200.00
  • Income Annual Rental: 107200
  • Income Gross Scheduled: 107200
  • Income Includes: Parking, Storage Area
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,602 $313,082 $74,130 $238,952
2024 $3,602 $306,944 $72,677 $234,267
2023 $3,400 $300,926 $71,252 $229,674
2022 $3,354 $295,026 $69,855 $225,171
2021 $3,307 $289,242 $68,486 $220,756
2020 $3,185 $286,277 $67,784 $218,493
2019 $3,336 $280,664 $66,455 $214,209
2018 $3,207 $275,161 $65,152 $210,009
2017 $2,978 $269,767 $63,875 $205,892
2016 $2,926 $264,478 $62,623 $201,855
2015 $2,886 $260,506 $61,683 $198,823
2014 $2,838 $255,404 $60,475 $194,929
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2025 05/29/25 For Sale $1,748,000 -- $777 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Listed On Document
Deed -- --
Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner -- No Value Available
Source: Public Records

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Source: MLSListings

MLS Number: ML82008812

MLSListings

APN: 001-092-016-000