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Downtown Monterey 8-Unit Apartment For Sale 675 Jefferson St 8 Unit Apartment Building $6,910,033 CAD ($863,754 CAD/Unit) Monterey, CA 93940
INVESTMENT HIGHLIGHTS
- Interior updates throughout
- Off street parking, Onsite laundry & landscaping
- High demand for quality rental housing in Monterey
- Opportunity for rent growth
- Close to downtown, dining, shopping, and waterfront
- Separate PG&E, electrical and gas meters for each unit, one water meter
EXECUTIVE SUMMARY
Mahoney & Associates is pleased to present to the market the opportunity to sell 675 Jefferson St in Monterey CA. Originally built in 1981, this 8-Unit apartment building sits on a 10,882 SF parcel in the Old Town neighborhood of Monterey. The building is of wood frame construction with varying levels of interior improvement. The unit mix consists of six, 2bed/1.5bath units and two 1bed/1bath unit. Ocean views from most units. Value add opportunity. Each unit features functional layouts with varying levels of interior improvement, providing both immediate rental income and the opportunity for future value-add enhancements.
PROPERTY FACTS
| Price | $6,910,033 CAD | Building Class | C |
| Price Per Unit | $863,754 CAD | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 16,944 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 0.47/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Multi-Family R3 | ||
| Price | $6,910,033 CAD |
| Price Per Unit | $863,754 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 16,944 SF |
| No. Stories | 3 |
| Year Built | 1981 |
| Parking Ratio | 0.47/1,000 SF |
| Zoning | Multi-Family R3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1.5 | 7 | - | 1,022 |
1 1
Walk Score®
Very Walkable (87)
PROPERTY TAXES
| Parcel Number | 001-404-001-000 | Improvements Assessment | $988,238 CAD |
| Land Assessment | $435,926 CAD | Total Assessment | $1,424,164 CAD |
PROPERTY TAXES
Parcel Number
001-404-001-000
Land Assessment
$435,926 CAD
Improvements Assessment
$988,238 CAD
Total Assessment
$1,424,164 CAD
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Downtown Monterey 8-Unit Apartment For Sale | 675 Jefferson St
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