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737 Laine ST Monterey, CA 93940
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Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Five or More Units
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
Bedrooms 4
Full Baths 4
Originating Board MLSListings, Inc.
Year Built 1983
Lot Size 5,850 Sqft
Property Sub-Type Five or More Units
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 New Monterey
Zoning R-1-15
Rooms
Kitchen Cooktop - Electric, Garbage Disposal, Refrigerator
Interior
Heating Central Forced Air, Fireplace
Cooling Other
Flooring Carpet, Vinyl / Linoleum
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 001-083-007-000
Special Listing Condition Not Applicable
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Bought with Kevin Cesario • Real Brokerage Technologies