2001 David Avenue

Monterey, CA 93940

$1,650,000
Last Sold Price
Beds
4,088 Sq. Ft.
$404 / Sq. Ft.
4,088
Sq. Ft.
$404
per Sq. Ft.

Description

Located at 2001 David Ave in Monterey, California, this 5-unit complex is located blocks from the Defense Language Institute Foreign Language Center and a few minutes from Cannery Row and downtown Pacific Grove. All the units are made up of two bedrooms and one bathroom. Four of the five units have dedicated carports and the property contains a laundry facility. Each unit is separately metered for water and PG&E. The 2001 David Avenue apartments are in a prime location just 1 mile west of downtown...Located at 2001 David Ave in Monterey, California, this 5-unit complex is located blocks from the Defense Language Institute Foreign Language Center and a few minutes from Cannery Row and downtown Pacific Grove. All the units are made up of two bedrooms and one bathroom. Four of the five units have dedicated carports and the property contains a laundry facility. Each unit is separately metered for water and PG&E. The 2001 David Avenue apartments are in a prime location just 1 mile west of downtown Monterey, less than a mile from the entrance to Pebble Beach and 17-Mile Drive, and 1 mile from the iconic Lovers Point in Pacific Grove. Within a few minutes drive from these units, guests will find the Monterey Bay Aquarium and Fishermans Wharf.
  1. Listed by Patrick Stafford • DRE #01857243 • Baird Partnership, Inc.

Property Details for 2001 David Avenue

MLS City Name
MONTEREY
Building Type
Other
Garage Spaces
0
Parking Spaces
0

Location

Listing Courtesy of Baird Partnership, Inc., Patrick Stafford, DRE #01857243

Sold By Out of Area Office, RECIP, DRE #01820718

Add your commute
LISTING UPDATED: 03/02/2021 04:58 PM

Property Details for 2001 David Avenue

StatusSold
MLS #ML81803741
Days on Compass148
Taxes$19,040 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1964
Lot Size0.12 AC / 5,218 SF
CountyMonterey County

Location

Listing Courtesy of Baird Partnership, Inc., Patrick Stafford, DRE #01857243

Sold By Out of Area Office, RECIP, DRE #01820718

Add your commute

Building Information for 2001 David Avenue

Stories-Residences-Year Built1964Building Size-Lot Size0.12 AC / 5,218 SF

Payment Calculator

$10,591 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,005

Property Taxes

$1,587

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2001 David Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 4088
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Common Area, Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 4
Property Details
Homeowners Association
  • HOA Exists: 0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: New Monterey
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 2001
  • Street Name: David
  • Street Suffix: Avenue
  • Area ID: 110
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4088
  • Structure SqFt Source: Assessor
  • Age: 56
Development Information
  • Zoning Detail: R-3-5
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 001-192-001-000
  • 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
  • Lot Acres: .12
  • 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: 5
General Information
  • Annual Tax Amount: $19,040
  • Capitalization Rate: 3.74
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,084
  • Expense Landscape: $1,580
  • Expense Maintenance: $2,000
  • Expense Management: $5,025
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $4,712
  • Expenses Total: $35,441
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Utilities, Vacancy Factor
  • Gross Rent Multiplier: 16.67
  • Income Annual Gross: $98,940
  • Income Annual Rental: $102,000
  • Income Gross Scheduled: $102,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,475
Unit 2 Information
  • Unit 2 Approx Square Footage: 992
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,700
Unit Type 1
  • Unit Type1 Approx SqFt: 782

Property History for 2001 David 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 2001 David Avenue

Taxable ValueLand$832,320Additions$885,840Total$1,718,160
Tax Record2023$18,850 ($1,571 / month)
Home Facts
Baths5Total Finished SqFt4,088 SqFtAbove Grade Finished SqFt4,088 SqFtStories2Lot Size5,218 SqFtStyleMulti-Family Res (5+ Units)Year Built1964CountyMONTEREYAPN001-192-001-000Fireplace TypeHas Fireplace

Schools near 2001 David Avenue

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Monte Vista
PublicK to 5

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.

Similar Homes

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Similar Sold Homes

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Listing Courtesy of Baird Partnership, Inc., Patrick Stafford, DRE #01857243

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.