500 David Ave

Monterey, CA 93940

$1,200,000
Last Sold Price
Beds
Baths
4,816 Sq. Ft.
$249 / Sq. Ft.
4,816
Sq. Ft.
$249
per Sq. Ft.

Description

Beautifully remodeled 10 unit apt bldg. Partial Bay Views, well located building, pride of ownership 9 of the 10 units have been completely remodeled, new kitchens, paint carpets, duel pane windows. Below market rents. Bonus unit used as an office. Storage lockers, coin operated w/d Rental income is only based on 9 units.Beautifully remodeled 10 unit apt bldg. Partial Bay Views, well located building, pride of ownership 9 of the 10 units have been completely remodeled, new kitchens, paint carpets, duel pane windows. Below market rents. Bonus unit used as an office. Storage lockers, coin operated w/d Rental income is only based on 9 units.
  1. Listed by William L Patterson • DRE #00685393 • William L. Patterson Company • (831) 596-2222

Property Details for 500 David Avenue

MLS City Name
Monterey
Building Type
Other
Garage Spaces
0
View
Bay, Local/Neighborhood
Cross Street
Laine St
LISTING UPDATED: 01/04/2024 08:48 AM

Property Details for 500 David Avenue

StatusSold
MLS #ML81240957
Days on Compass15
Taxes$3,099 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1975
Lot Size0.00 AC / 0 SF
CountyMonterey County

Location

Listing Courtesy of William L. Patterson Company, William L Patterson, DRE #00685393

Sold By Coldwell Banker DMR-Pebble Beach, Barry Throgmorton, DRE #00569846

Add your commute

Building Information for 500 David Avenue

Stories2Residences-Year Built1975Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$6,546 per month

30 year fixed, 6.845% Interest

Principal and Interest

$6,287

Property Taxes

$258

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 500 David Avenue

Features
Room Information
  • Kitchen: Oven Range, Refrigerator
Features
  • Amenities: Storage Locker
  • Energy Features: Insulation - Unknown
  • Fireplace: No
  • Flooring: Carpet - Area, Laminate, Vinyl / Linoleum, Carpet
  • Laundry: Washer/Dryer - Leased Coin-Op
  • Living SqFt: 4816
  • Pool: No
Utilities
  • Cooling: None
  • Heating: Baseboard, Electric
  • Meters: Separate Electric
  • Sewer Septic: Sewer in Street, Sewer Connected
  • Water: Public
Garage
  • Garage and Parking: Carport, Spaces per Unit - 1
Property Details
Homeowners Association
  • HOA Amenities: None
  • HOA Fee: $0
Property Details
  • Max Num Of Units in Complex: 12
  • Min Num Of Units in Complex: 5
  • Area Text: New Monterey
  • Roof: Composition
  • Stories: 2.0
  • Subclass: Five or More Units
  • Street Number: 500
  • Street Name: DAVID
  • Street Suffix: Avenue
  • Area ID: 110
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 4816
  • Structure SqFt Source: Assessor
  • Age: 38
Development Information
  • Zoning Detail: MF
Location Information
  • Incorporated: Yes
  • Map Book: Thomas Bros
  • Parcel Number: 001-081-007
  • 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 Perimeter
  • Lot Description: Grade - Sloped Up
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Balcony / Patio, Deck
Multi Family Information
Building Information
  • No Of Studio Units: 10
General Information
  • Unit Types in Building: Studio Unit(s)
  • Annual Tax Amount: $3,099
  • Capitalization Rate: 2.98
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Gas, Hot Water, Water
  • Tenant Expenses: Utilities - Heating, Cable TV, Utilities - Electric
  • Income Includes: Lease
  • Vacancy Amount: $0
  • Vacancy Factor: 0
Unit Size Detail
  • Min Size of Studio: 462
Income / Expense Details
  • Expense Insurance: $5,480
  • Expense Landscape: $3,600
  • Expense Maintenance: $2,561
  • Expense Management: $450
  • Expense Trash: $1,200
  • Expense Water Sewer: $1,200
  • Expenses Other: $18,382
  • Expenses Utility: $6,673
  • Expenses Total: $42,645
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Maintenance - Exterminator, Insurance, Accounting/Legal, Maintenance - Repair, Services - On-Site Manager, Fee - Property Tax, Supplies, Utilities - Electric
  • Gross Rent Multiplier: 15.30
  • Income Annual Gross: $78,420
  • Income Annual Rental: $78,420
  • Income Gross Scheduled: $78,420
  • Income Laundry: $0
  • Income Other: $0
Unit 1 Information
  • Unit 1 Rent: $0
Unit 2 Information
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 500 David Avenue

DateEvent & SourcePriceAppreciation
Jan 22, 2013

Sold

MLSListings #ML81240957

$1,200,000
Jan 22, 2013

Sold

RESFAR #81240957

$1,200,000
Jan 22, 2013

Sold

EBRD #ML81240957

$1,200,000
Jan 14, 2013

Sold (Public Record)

Public Record #345779027

$1,200,000
Nov 27, 2012

Pending

EBRD #ML81240957

Nov 27, 2012

Pending

RESFAR #81240957

Nov 27, 2012

Pending

MLSListings #ML81240957

Nov 12, 2012

Listed (Active)

RESFAR #81240957

$1,200,000
Nov 12, 2012

Listed (Active)

MLSListings #ML81240957

$1,200,000
Nov 12, 2012

Listed (Active)

EBRD #ML81240957

$1,200,000
DateEvent & SourcePrice
01/22/2013

Sold

MLSListings #ML81240957

$1,200,000
01/22/2013

Sold

RESFAR #81240957

$1,200,000
01/22/2013

Sold

EBRD #ML81240957

$1,200,000
01/14/2013

Sold (Public Record)

Public Record #345779027

$1,200,000
11/27/2012

Pending

EBRD #ML81240957

11/27/2012

Pending

RESFAR #81240957

11/27/2012

Pending

MLSListings #ML81240957

11/12/2012

Listed (Active)

RESFAR #81240957

$1,200,000
11/12/2012

Listed (Active)

MLSListings #ML81240957

$1,200,000
11/12/2012

Listed (Active)

EBRD #ML81240957

$1,200,000

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

Public Records for 500 David Avenue

Taxable ValueLand$513,089Additions$937,639Total$1,450,728
Tax Record2024$17,021 ($1,418 / month)
Home Facts
Baths10Total Finished SqFt6,176 SqFtAbove Grade Finished SqFt6,176 SqFtStories2Lot Size10,278 SqFtStyleMulti-Family Res (5+ Units)Year Built1975CountyMONTEREYAPN001-081-007-000Fireplace TypeHas Fireplace

Schools near 500 David 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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Listing Courtesy of William L. Patterson Company, William L Patterson, DRE #00685393

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.