Comm Ri Multi-units 5+ For Sale
3,564 Sqft - 192 Sloat Avenue, PACIFIC GROVE, California 93950
Property Description
Ideal location within Coastal Zone which may qualify for ‘future’ consideration and permitting as a ‘Short-Term Rental’ investment as determined by the City of Pacific Grove and the California Coastal Commission. Resting on the cusp of Ocean View Blvd, The Monterey Bay Aquarium and Cannery Row, this 5 unit(4 with ocean views), fully leased 1bed/1bath ‘low’ maintenance apartment complex is available today for SALE. Strong NOI with healthy cap rate, this investment has strong measurables and room to increase rents robustly for years to come. Pride of Ownership and well maintained, this ‘rare’ find is a turnkey with positive cash flow ‘Day One.’ Contact the City of Pacific Grove’s Community Development Dept for rules and guidelines for future ‘Short Term Rental’ permit opportunities.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81807525
Price : $2,150,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 3,564 Sqft
Year Built : 1959
Lot Area : 0.14 Sqft
Features
Heating System : Gas
View : Downtown, Bay, City Lights, Park, Mountains, Marina
Roof : Tar And Gravel
Address Map
Country : US
State : CA
County : Monterey
City : PACIFIC GROVE
Zipcode : 93950
Street : Sloat Avenue
Street Number : 192
Floor Number : 0
Longitude : W122° 5' 34.7''
Latitude : N36° 37' 11.5''
MLS Addon
Office Name : Michael Zabrycki, Broker
Building Type : Other
Area : All Other Counties/States
Address : 192 Sloat Avenue
Cross Street : 1st Avenue and O
Directions to Property : Central Ave. Right on 1st Ave.
LA1User Code : MLL5073447
LA1Agent First Name : Michael
LA1Agent Last Name : Zabrycki
Status Category : Sold
Tot # Parking Spaces : 4
Tot # of Units : 0
Zoning : R-3
List $/SqFt : $0
Age : 61
Apx Lot Sq Ft : 6,225 Sqft
Type of Building : Apt Complex
Annual Taxes : $0
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
DISABLED FEATURES : Disabled Bath Feat, Disabled Kit Feat
EXTERIOR : Masonry
FLOORING : Tile, Hardwood Floors
ON-SITE PARKING DESC : Covered Parking, Spaces - Assigned
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 0.00
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,275,000
Sold Price : $2,025,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 0
Net Oper Income : 0
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 0
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Buyer Agent DRE Num. : 00962446
List Agent DRE Num. : 01114573
Filtered Address : 192 Sloat AVE
LA1Agent License ID : 01114573
LA1Old Agent ID : 336164
LA1NRDS_ID : 814501656
SA1Agent First Name : Carol L.
SA1Agent Last Name : Duncan
SA1Agent License ID : 00962446
SA1User Code : MLL5082124
SA1Old Agent ID : 379382
SA1NRDS_ID : 180011218
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : MLSListings Datashare
Assessors Parcel No : 006-224-016-000
Showing : See Confidential Remarks
SO1Office Abbreviation : MLL39209
SO1Office Name : Sotheby's Int'l Realty-Valley
LO1Main Office ID : 78272
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 71878
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 2025000
Address Search Number : 192
Listing Agent : 294349
Listing Office : 78272
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 332200
Buying Office 1 : 71878
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 19
Input Date : 24/08/2020 19:51:21
Update Date : 23/02/2021 02:31:47
PhotoTimestamp : 23/02/2021 02:19:28
First Photo Add Timestamp :
List Date : 24/08/2020
Expire Date :
Pending Date : 19/12/2020
Closing Date : 18/02/2021
Status Date : 22/02/2021
Price Date :
Off Market Date : 06/02/2021
Status : Sold
Dual Variable : Yes
HOA : No
City Transfer Tax : No
Off Market Status Date :
LVT Date :
DOMLS : 166
Cumulative DOMLS : 166
Unit # 1 # of Bedrooms: 1
Unit # 1 Approx. SqFt: 750
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 530
