461 Irving Avenue

Monterey, CA 93940

$1,295,000
Price
Beds
1,536 Sq. Ft.
$843 / Sq. Ft.
1,536
Sq. Ft.
$843
per Sq. Ft.

Description

Dream Location -Live on Site or Rent Both Units - This Charming Duplex with a spectacular Monterey Peninsula Lifestyle and Income Potential is located a few blocks from the sparkling shoreline, combining coastal living with a prime investment opportunity. The highly desired layout features the 2-bedroom units separated on the lot and off-street parking with the carport in between, creating privacy. Freshly painted with new flooring, offering a clean, move-in-ready feel. Each unit has laundry facilities,...Dream Location -Live on Site or Rent Both Units - This Charming Duplex with a spectacular Monterey Peninsula Lifestyle and Income Potential is located a few blocks from the sparkling shoreline, combining coastal living with a prime investment opportunity. The highly desired layout features the 2-bedroom units separated on the lot and off-street parking with the carport in between, creating privacy. Freshly painted with new flooring, offering a clean, move-in-ready feel. Each unit has laundry facilities, a washer and dryer, refrigerators, and ample parking. The upstairs unit features ocean peek views, while the front unit exudes the charm of a private beach-town cottage. Ideally situated close to the beach, Cannery Row, and the world-renowned Monterey Bay Aquarium, the property is surrounded by vibrant shopping, dining, and entertainment. Golf courses, picturesque shorelines, and endless outdoor recreation are just moments away. The unbeatable location puts you in the heart of the Monterey Peninsula, with quick access to Pacific Grove, Pebble Beach, Carmel-by-the-Sea, & the scenic beauty of Big Sur. Whether you want to live onsite in a resort-style town or rent out both units, this duplex offers an enviable income opportunity in one of California's most sought-after coastal areas.
  1. Listed by Mario Ramirez • DRE #01093234 • Brokerage DRE #01526679 • KW Bay Area Estates • 408-605-9999

Property Details for 461 Irving Avenue

MLS City Name
MONTEREY
Building Type
DUPLEX
Garage Spaces
0
Parking Spaces
0
Cross Street
Hawthorne Street
LISTING UPDATED: 11/04/2024 03:21 AM

Property Details for 461 Irving Avenue

StatusActive
MLS #ML81979502
Days on Compass72
Taxes$5,203 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1957
Lot Size0.09 AC / 4,000 SF
CountyMonterey County

Building Information for 461 Irving Avenue

Stories1Residences2Year Built1957Building Size-Lot Size0.09 AC / 4,000 SF

Property Information for 461 Irving Avenue

Features
External Links
Features
  • Fireplace: No
  • Laundry: Washer / Dryer
  • Living SqFt: 1536
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 3
Garage
  • Garage and Parking: Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: New Monterey
  • Roof: Composition
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 461
  • Street Name: Irving
  • Street Suffix: Avenue
  • Area ID: 110
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 1536
  • Structure SqFt Source: Other
  • Age: 67
Development Information
  • Ownership Type: Trust
  • Zoning Detail: 2-4 Units
Location Information
  • Parcel Number: 001-078-014-000
  • County Name: Monterey
  • City Name: MONTEREY
  • City Postal ID: 38
  • Postal Code: 93940
  • Elementary School District: 438
  • High School District Text: Monterey Peninsula Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .09
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 0
General Information
  • Annual Tax Amount: $5,203
  • Building Unit Total: 2
  • Capitalization Rate: 2.81
  • Tenant Expenses: None
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $2,400
  • Expense Landscape: $1,200
  • Expense Maintenance: $1,000
  • Expense Management: $2,438
  • Expense Trash: $600
  • Expenses Other: $0
  • Expenses Utility: $10,800
  • Expenses Total: $23,641
  • Operating Expenses Include: Fee - Property Management
  • Gross Rent Multiplier: 21.58
  • Income Annual Gross: $60,000
  • Income Annual Rental: $60,000
  • Income Gross Scheduled: $60,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Approx Square Footage: 768
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 768

Property History for 461 Irving Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 461 Irving Avenue

Taxable ValueLand$700,000Additions$400,000Total$1,100,000
Tax Record2023$5,203 ($434 / month)
Home Facts
Baths1Total Finished SqFt768 SqFtAbove Grade Finished SqFt768 SqFtStories1Lot Size4,016 SqFtStyleDuplexYear Built1957CountyMONTEREYAPN001-078-014-000Fireplace TypeHas Fireplace

Schools near 461 Irving Avenue

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Monte Vista
PublicK to 8

Monterey High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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461 Irving Avenue is a multi-family home for sale in Monterey, CA 93940. This property was listed for sale on September 6, 2024 by KW Bay Area Estates, it's currently listed at $1,295,000. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include Monte Vista, Monterey High School and Monterey Peninsula Unified School District Community Day Middle. 461 Irving Avenue is a 0-bed, 0-bath, 1,536 sqft multi-family home built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Bay Area Estates, Mario Ramirez, DRE #01093234

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.