277 Van Buren Street

Monterey, CA 93940

$1,395,000
Price
Beds
2,100 Sq. Ft.
$664 / Sq. Ft.
2,100
Sq. Ft.
$664
per Sq. Ft.

Description

Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. The second room has a window with an wide ocean view, Del Monte Beach white water...Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential rent upside - market rents are $2100 per month. Also, both downstairs units may be delivered vacant at the close of escrow.
  1. Listed by Hap Albers • DRE #01006595 • Brokerage DRE #01006595 • Albers Real Estate Investment Company • 408-893-6002

Property Details for 277 Van Buren Street

MLS City Name
Monterey
Building Type
TRIPLEX
Style
Traditional
Garage Spaces
1
Parking Spaces
1
View
Bay, City, Downtown
Cross Street
Scott Street

Location

Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595
Add your commute
LISTING UPDATED: 04/10/2024 09:04 PM

Property Details for 277 Van Buren Street

StatusActive
MLS #ML81955626
Days on Compass60
Taxes$15,534 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1944
Lot Size0.09 AC / 4,000 SF
CountyMonterey County

Location

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

Building Information for 277 Van Buren Street

Stories2Residences3Year Built1944Building Size-Lot Size0.09 AC / 4,000 SF

Payment Calculator

$8,908 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,613

Property Taxes

$1,295

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 277 Van Buren Street

Features
Room Information
  • Additional Rooms: Other
  • Kitchen: Countertop - Formica, Cooktop - Gas, Appliances - Vary by Unit, Varies by Unit, Oven Range - Built-In, Gas
Features
  • Communications: Other
  • Energy Features: None
  • Fireplace: No
  • Flooring: Laminate, Carpet, Hardwood
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 2100
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Electric
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Tandem Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Old Town Monterey
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Other
  • Street Number: 277
  • Street Name: Van Buren
  • Street Suffix: Street
  • Area ID: 112
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2100
  • Structure SqFt Source: Assessor
  • Age: 80
Development Information
  • Construction Type: Wood, Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R-3-6
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 001-568-011-000
  • County Name: Monterey
  • City Name: Monterey
  • City Postal ID: 38
  • Postal Code: 93940
  • Elementary School: 544
  • Elementary School District: 438
  • Middle School Text: Walter Colton Middle School
  • High School District Text: Monterey Peninsula Unified
  • High School Text: Monterey High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .09
  • Lot Description: Grade - Mostly Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Fenced, Balcony / Patio, BBQ Area
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $15,534
  • Building Unit Total: 3
  • Capitalization Rate: 3.79
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $3,300
  • Expense Landscape: $1,000
  • Expense Maintenance: $2,500
  • Expense Management: $0
  • Expense Trash: $600
  • Expenses Other: $0
  • Expenses Utility: $1,000
  • Expenses Total: $23,934
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 17.61
  • Income Annual Gross: $76,824
  • Income Annual Rental: $79,200
  • Income Gross Scheduled: $79,200
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $3,200
Unit 2 Information
  • Unit 2 Approx Square Footage: 533
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,400
Unit 3 Information
  • Unit 3 Approx Square Footage: 500
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,000
Unit Type 1
  • Unit Type1 Approx SqFt: 1050

Property History for 277 Van Buren 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 277 Van Buren Street

Taxable ValueLand$643,913Additions$315,513Total$959,426
Tax Record2023$10,435 ($870 / month)
Home Facts
Baths2Total Finished SqFt2,100 SqFtAbove Grade Finished SqFt2,100 SqFtStories2Lot Size4,000 SqFtStyleDuplexYear Built1965CountyMONTEREYAPN001-568-011-000Fireplace TypeHas Fireplace

Schools near 277 Van Buren Street

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

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

277 Van Buren Street is a multi-family home for sale in Monterey, CA 93940. This property was listed for sale on February 27, 2024 by Albers Real Estate Investment Company, it's currently listed at $1,395,000. It has been on the market for a total of 60 days and was last sold on August 10, 2004. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include Monte Vista, Monterey Peninsula Unified School District Community Day Middle and Monterey High School. 277 Van Buren Street is a 0-bed, 0-bath, 2,100 sqft multi-family home built in 1944.

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. 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.