226 Harben Cir

Marina, CA 93933

$1,800,000
Last Sold Price
—
Beds
—
Baths
4,500 Sq. Ft.
$400 / Sq. Ft.
4,500
Sq. Ft.
$400
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 6/30/23
Sold 6/30/23
a swimming pool view with a outdoor seating
a front view of a building with cars parked
a car parked in front of house
front view of a house with a yard
a house with a outdoor space
a view of a car park in front of house
a swimming pool with outdoor seating and yard
a bathroom with a sink a toilet and shower
a bedroom with a bed and a window
a living room with furniture and a flat screen tv
a car parked in front of house
a room with gym equipment and a chandelier
a utility room with dryer and washer

Description

This rarely available Marina six-unit complex is now available. The current rents are low ($1460 average) and there is significant potential rent upside with $2450 market rents. The complex features all two-bedroom / one-bathroom units with their private fenced backyard. The 28,820 sq. ft lot is zoned R-4 multi-family residential, potentially allowing 5-12 additional units on the site. Please read the Marina zoning & ADU ordinances. Marina has available water to build. The current owner has completed...This rarely available Marina six-unit complex is now available. The current rents are low ($1460 average) and there is significant potential rent upside with $2450 market rents. The complex features all two-bedroom / one-bathroom units with their private fenced backyard. The 28,820 sq. ft lot is zoned R-4 multi-family residential, potentially allowing 5-12 additional units on the site. Please read the Marina zoning & ADU ordinances. Marina has available water to build. The current owner has completed many upgrades, including all vinyl dual pane windows & sliding glass doors, three units with new Pex water lines, five units have remodeled bathrooms, four new frigs & gas stoves in 2021 & 2022, two new gas wall heaters & water heaters (all units have their water heater), new main water line, & many other improvements. The laundry room has one washer & dryer and six private storage lockers.
  1. Listed by Hap Albers • DRE #01006595 • Brokerage DRE #01006595 • Albers Real Estate Investment Company • 831-372-1922

Property Details for 226 Harben Circle

MLS City Name
MARINA
Building Type
Other
Garage Spaces
0
Parking Spaces
12
Cross Street
Michael Drive
LISTING UPDATED: 07/05/2023 12:48 PM

Property Details for 226 Harben Circle

StatusSold
MLS #ML81922937
Days on Compass36
Taxes$23,184 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1960
Lot Size0.65 AC / 28,289 SF
CountyMonterey County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595

Sold By Real Brokerage Technologies, The C Group, DRE #70010221

Add your commute

Building Information for 226 Harben Circle

Stories-Residences-Year Built1960Building Size-Lot Size0.65 AC / 28,289 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$10,668 per month

30 year fixed, 6.11% Interest

Principal and Interest

$8,736

Property Taxes

$1,932

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 226 Harben Circle

Features
Room Information
  • Additional Rooms: Laundry Room, Storage
  • Kitchen: Countertop - Stone, Countertop - Tile, Exhaust Fan, Hood Over Range, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 4500
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Off-Street Parking, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Cosky
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 226
  • Street Name: Harben
  • Street Suffix: Circle
  • Area ID: 83
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 4500
  • Structure SqFt Source: Other
  • Age: 63
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R-4
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 032-031-034-000
  • County Name: Monterey
  • City Name: MARINA
  • City Postal ID: 32
  • Postal Code: 93933
  • Elementary School District: 438
  • High School District Text: Monterey Peninsula Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .65
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard, Sprinklers - Auto
Multi Family Information
General Information
  • Annual Tax Amount: $23,184
  • Capitalization Rate: 3.19
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Hot Water
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,242
  • Expense Landscape: $1,800
  • Expense Maintenance: $4,500
  • Expense Management: $6,893
  • Expense Trash: $2,652
  • Expenses Other: $1,000
  • Expenses Utility: $5,609
  • Expenses Total: $47,880
  • Operating Expenses Include: Fee - Other Taxes, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Reserve Fund, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 17.74
  • Income Annual Gross: $114,848
  • Income Annual Rental: $117,000
  • Income Gross Scheduled: $118,400
  • Income Other: $1,400
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,300
Unit Type 1
  • Unit Type1 Units Total: 6

Property History for 226 Harben Circle

DateEvent & SourcePriceAppreciation
Jun 30, 2023

Sold

EBRD #ML81922937

$1,800,000—
Jun 30, 2023

Sold

MLSListings #ML81922937

$1,800,000—
Jun 23, 2023

Sold (Public Record)

Public Record #1514549794

$1,800,000—
May 3, 2023

Pending

MLSListings #ML81922937

—
May 3, 2023

Contingent - Show

MLSListings #ML81922937

—
May 3, 2023

Pending

EBRD #ML81922937

—
Mar 28, 2023

Listed (Active)

MLSListings #ML81922937

$2,100,000—
Mar 28, 2023

Listed (Active)

EBRD #ML81922937

$2,100,000—
DateEvent & SourcePrice
06/30/2023

Sold

EBRD #ML81922937

$1,800,000
06/30/2023

Sold

MLSListings #ML81922937

$1,800,000
06/23/2023

Sold (Public Record)

Public Record #1514549794

$1,800,000
05/03/2023

Pending

MLSListings #ML81922937

—
05/03/2023

Contingent - Show

MLSListings #ML81922937

—
05/03/2023

Pending

EBRD #ML81922937

—
03/28/2023

Listed (Active)

MLSListings #ML81922937

$2,100,000
03/28/2023

Listed (Active)

EBRD #ML81922937

$2,100,000

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

Public Records for 226 Harben Circle

Taxable ValueLand$624,240Additions$1,248,480Total$1,872,720
Tax Record2025$21,814 ($1,818 / month)
Home Facts
Total Finished SqFt4,500 SqFtAbove Grade Finished SqFt4,500 SqFtStories1Lot Size28,289 SqFtStyleMulti-Family Res (5+ Units)Year Built1960CountyMONTEREYAPN032-031-034-000

Schools near 226 Harben Circle

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Ione Olson Elementary School
Public - K to 6
Los Arboles Middle School
Public - 7 to 8
Marina High School
Public - 9 to 12
Learning For Life Charter School
Charter - 7 to 12
Rating
School
Distance
Ione Olson Elementary School
PublicK to 6

Los Arboles Middle School
Public7 to 8

Marina High School
Public9 to 12

Learning For Life Charter School
Charter7 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

Similar Sold Homes

Explore Nearby Homes

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, Inc., its subsidiaries, affiliates and their agents and associated third parties 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 Albers Real Estate Investment Company, Hap Albers, DRE #01006595

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.