514 Prescott Avenue

Monterey, CA 93940

$930,000
Last Sold Price
Beds
1,590 Sq. Ft.
$585 / Sq. Ft.
1,590
Sq. Ft.
$585
per Sq. Ft.

Description

This centrally located duplex is tucked into a quiet neighborhood just a few blocks away from Cannery Row. Set upon New Monterey with views of Monterey Bay, this property is a rare find and won't be on the market long. Unit B is a 1 bed 1 bath with laundry and off-street parking. Unit A is a 2 bed 1 bath with ocean views, a rooftop deck, and additional storage. Both units have private outdoor space and laundry in unit. Whether you want to walk down to the Lighthouse Avenue restaurants or take some...This centrally located duplex is tucked into a quiet neighborhood just a few blocks away from Cannery Row. Set upon New Monterey with views of Monterey Bay, this property is a rare find and won't be on the market long. Unit B is a 1 bed 1 bath with laundry and off-street parking. Unit A is a 2 bed 1 bath with ocean views, a rooftop deck, and additional storage. Both units have private outdoor space and laundry in unit. Whether you want to walk down to the Lighthouse Avenue restaurants or take some family and friends to the world-renown Monterey Bay Aquarium, this property is a perfect find. Ideal for anyone looking for rental income or to live in one and rent the other. Matterport available at 514prescottave.com.
  1. Listed by C&C Real Estate Team • DRE #70010156 • C&C Real Estate • 831-601-8936

Property Details for 514 Prescott Avenue

MLS City Name
MONTEREY
Building Type
DUPLEX
Garage Spaces
1
Parking Spaces
1

Location

Listing Courtesy of C&C Real Estate, C&C Real Estate Team, DRE #70010156

Sold By Compass, Jackie Purvis, DRE #01985477

Add your commute
LISTING UPDATED: 08/28/2020 10:47 AM

Property Details for 514 Prescott Avenue

StatusSold
MLS #ML81799660
Days on Compass9
Taxes$5,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1956
Lot Size0.08 AC / 3,700 SF
CountyMonterey County

Location

Listing Courtesy of C&C Real Estate, C&C Real Estate Team, DRE #70010156

Sold By Compass, Jackie Purvis, DRE #01985477

Add your commute

Virtual Tour

Building Information for 514 Prescott Avenue

Stories2Residences2Year Built1956Building Size-Lot Size0.08 AC / 3,700 SF

Payment Calculator

$5,517 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,075

Property Taxes

$442

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 514 Prescott Avenue

Features
Features
  • Fireplace: No
  • Living SqFt: 1590
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 1
Garage
  • Garage and Parking: Attached Garage, Carport
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: New Monterey
  • Roof: Composition
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 514
  • Street Name: Prescott
  • Street Suffix: Avenue
  • Area ID: 110
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 1590
  • Structure SqFt Source: Assessor
  • Age: 64
Development Information
  • Zoning Detail: Duplex
Location Information
  • Parcel Number: 001-083-011-000
  • 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, Raised
  • Horse Property: No
  • Lot Acres: .08
  • 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: 2
General Information
  • Annual Tax Amount: $5,300
  • Building Unit Total: 2
  • Capitalization Rate: 3.87
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,000
  • Expense Landscape: $0
  • Expense Maintenance: $832
  • Expense Management: $3,014
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $11,146
  • Operating Expenses Include: Insurance, Maintenance, Services - Sewer
  • Gross Rent Multiplier: 19.22
  • Income Annual Gross: $47,945
  • Income Annual Rental: $49,428
  • Income Gross Scheduled: $49,428
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,799
Unit 2 Information
  • Unit 2 Approx Square Footage: 951
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $2,230
Unit Type 1
  • Unit Type1 Approx SqFt: 576

Property History for 514 Prescott 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 514 Prescott Avenue

Taxable ValueLand$624,240Additions$343,332Total$967,572
Tax Record2023$10,502 ($875 / month)
Home Facts
Baths1Total Finished SqFt1,590 SqFtAbove Grade Finished SqFt1,590 SqFtStories2Lot Size3,700 SqFtStyleDuplexYear Built1956CountyMONTEREYAPN001-083-011-000Fireplace TypeHas Fireplace

Schools near 514 Prescott 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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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 C&C Real Estate, C&C Real Estate Team, DRE #70010156

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.