1045-1047 Cass Street

Monterey, CA 93940

$1,065,000
Last Sold Price
Beds
1,634 Sq. Ft.
$652 / Sq. Ft.
1,634
Sq. Ft.
$652
per Sq. Ft.

Description

The property has two houses located on a large oversized 10,600 sq. ft. lot. Both units are 2 bed/1bath units. Monterey Peninsula Water Management District confirms that there are water credits for 3 hair salon seats, which translates to 24.71 residential fixtures. Contact MPWMD to determine possibilities of adding units. The front unit is leased out at below market rent while the back unit is vacant and has extensive deferred maintenance. Located on Monterey's pill hill where many of the surrounding...The property has two houses located on a large oversized 10,600 sq. ft. lot. Both units are 2 bed/1bath units. Monterey Peninsula Water Management District confirms that there are water credits for 3 hair salon seats, which translates to 24.71 residential fixtures. Contact MPWMD to determine possibilities of adding units. The front unit is leased out at below market rent while the back unit is vacant and has extensive deferred maintenance. Located on Monterey's pill hill where many of the surrounding buildings are occupied by medical uses, the Commercial Office zoning allows this property to be restored as a small multi-family (1-4 units allowed) or converted into office space. Situated close enough to stroll downtown giving easy access to locally owned restaurants, unique shops, an ocean-side recreation trail, the Monterey Bay Aquarium, world-renowned golf courses, and many other activities to enjoy. Live in one unit and rent the other.
  1. Listed by James Kendall • DRE #02010395 • Baird Partnership, Inc. • 831-275-0129

Property Details for 1045-1047 Cass Street

MLS City Name
MONTEREY
Building Type
OTHER
Garage Spaces
0
Parking Spaces
4

Location

Listing Courtesy of Baird Partnership, Inc., James Kendall, DRE #02010395

Sold By Sotheby's Int'l Realty-Rancho, Tenley Baxter, DRE #01755293

Add your commute
LISTING UPDATED: 08/05/2022 04:32 PM

Property Details for 1045-1047 Cass Street

StatusSold
MLS #ML81889212
Days on Compass81
Taxes$17,925 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / OTHER
Year Built1924
Lot Size0.25 AC / 10,680 SF
CountyMonterey County

Location

Listing Courtesy of Baird Partnership, Inc., James Kendall, DRE #02010395

Sold By Sotheby's Int'l Realty-Rancho, Tenley Baxter, DRE #01755293

Add your commute

Building Information for 1045-1047 Cass Street

Stories1Residences-Year Built1924Building Size-Lot Size0.25 AC / 10,680 SF

Payment Calculator

$7,306 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,812

Property Taxes

$1,494

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1045-1047 Cass Street

Features
Features
  • Fireplace: No
  • Living SqFt: 1634
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Fireplace , Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Monte Regio/Peter's Gate
  • Roof: Composition
  • Stories: 1.0
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 1045-1047
  • Street Name: Cass
  • Street Suffix: Street
  • Area ID: 113
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 1634
  • Structure SqFt Source: Other
  • Age: 98
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Tenants in Common
  • Zoning Detail: CO - Commercial Office
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 001-671-003-000
  • 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: Crawl Space
  • Horse Property: No
  • Lot Acres: .25
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: Yes
Multi Family Information
General Information
  • Annual Tax Amount: $17,925
  • Capitalization Rate: -.54
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Lease
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $17,925
  • Operating Expenses Include: Utilities
  • Gross Rent Multiplier: 91.25
  • Income Annual Gross: $12,000
  • Income Annual Rental: $12,000
  • Income Gross Scheduled: $12,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 662
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Unit Type 1
  • Unit Type1 Approx SqFt: 972
Listing Info
Rental Info
  • Lease Type: Net

Property History for 1045-1047 Cass Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1045-1047 Cass Street

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Monte Vista
PublicK to 5

International School Of Monterey
CharterK 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 Baird Partnership, Inc., James Kendall, DRE #02010395

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.