830 Parcel Street

Monterey, CA 93940

$1,800,000
Price
Beds
3,436 Sq. Ft.
$524 / Sq. Ft.
3,436
Sq. Ft.
$524
per Sq. Ft.

Description

Discover an incredible investment opportunity with this amazing 4-plex in sought-after New Monterey! Featuring approved plans for an additional 2-bed accessory dwelling unit, this property offers immense potential. Each unit is a spacious 2-story townhouse with tasteful upgrades, ensuring comfortable and modern living. Perfectly situated near Cannery Row, Pacific Grove, and the Taylor Street gate to the DLI, the location is ideal for attracting renters. Enjoy a fantastic rent roll with room for growth...Discover an incredible investment opportunity with this amazing 4-plex in sought-after New Monterey! Featuring approved plans for an additional 2-bed accessory dwelling unit, this property offers immense potential. Each unit is a spacious 2-story townhouse with tasteful upgrades, ensuring comfortable and modern living. Perfectly situated near Cannery Row, Pacific Grove, and the Taylor Street gate to the DLI, the location is ideal for attracting renters. Enjoy a fantastic rent roll with room for growth in this prime spot above the iconic Monterey Bay. Just minutes from downtown Monterey, Cannery Row, and Downtown Pacific Grove, this property combines convenience and charm in one of the most desirable areas. Don't miss out on this unique investment in a truly unbeatable location!
  1. Listed by The C Group • DRE #70010221 • Brokerage DRE #02022092 • Real Brokerage Technologies • 831-601-8936

Property Details for 830 Parcel Street

MLS City Name
MONTEREY
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
2
LISTING UPDATED: 12/11/2024 04:36 PM

Property Details for 830 Parcel Street

StatusActive
MLS #ML81974937
Days on Compass141
Taxes$20,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1969
Lot Size0.11 AC / 5,000 SF
CountyMonterey County

Building Information for 830 Parcel Street

Stories2Residences4Year Built1969Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 830 Parcel Street

Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 3436
  • Pool: No
  • Security Features: Other
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: None
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 4
Garage
  • Garage and Parking: Covered Parking, Other
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: New Monterey
  • Roof: Wood Shakes / Shingles
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 830
  • Street Name: Parcel
  • Street Suffix: Street
  • Area ID: 110
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 3436
  • Structure SqFt Source: Assessor
  • Age: 55
Development Information
  • Zoning Detail: R1
Location Information
  • Parcel Number: 001-179-035-000
  • 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 Perimeter and Slab
  • Horse Property: No
  • Lot Acres: .11
  • 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: 4
General Information
  • Annual Tax Amount: $20,000
  • Building Unit Total: 4
  • Capitalization Rate: 4.15
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 2
Income / Expense Details
  • Expense Insurance: $2,342
  • Expense Landscape: $0
  • Expense Maintenance: $175
  • Expense Management: $3,880
  • Expense Trash: $1,790
  • Expenses Other: $0
  • Expenses Utility: $2,952
  • Expenses Total: $31,139
  • Operating Expenses Include: Accounting/Legal, Fee - Professional Services, Fee - Property Management, Fee - Property Tax
  • Gross Rent Multiplier: 16.67
  • Income Annual Gross: $105,840
  • Income Annual Rental: $106,800
  • Income Gross Scheduled: $108,000
  • Income Other: $1,200
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,500
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,865
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,140
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,470

Property History for 830 Parcel Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 830 Parcel Street

Taxable ValueLand$676,260Additions$995,380Total$1,671,640
Tax Record2023$17,926 ($1,494 / month)
Home Facts
Baths4Total Finished SqFt3,436 SqFtAbove Grade Finished SqFt3,436 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1969CountyMONTEREYAPN001-179-035-000Fireplace TypeHas Fireplace

Schools near 830 Parcel Street

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 6 to 8
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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830 Parcel Street is a multi-family home for sale in Monterey, CA 93940. This property was listed for sale on July 30, 2024 by Real Brokerage Technologies, it's currently listed at $1,800,000. It has been on the market for a total of 141 days and was last sold on December 5, 2021. 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. 830 Parcel Street is a 0-bed, 0-bath, 3,436 sqft multi-family home built in 1969.

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 Real Brokerage Technologies, The C Group, DRE #70010221

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.