8 El Caminito Road

Carmel Valley, CA 93924

$3,397,000
Price
Beds
3,614 Sq. Ft.
$940 / Sq. Ft.
3,614
Sq. Ft.
$940
per Sq. Ft.

Description

Welcome to a truly exceptional investment opportunity for the discerning individual with high standards for quality and lifestyle. This mixed-use commercial and residential compound is tailored to meet your exacting requirements, whether you envision it as a thriving business hub or a personal sanctuary. Nestled on .4-acre in the heart of Carmel Valley Village, this compound underwent comprehensive renovation in 2019, ensuring that every aspect exudes a premium, modern touch. Currently configured...Welcome to a truly exceptional investment opportunity for the discerning individual with high standards for quality and lifestyle. This mixed-use commercial and residential compound is tailored to meet your exacting requirements, whether you envision it as a thriving business hub or a personal sanctuary. Nestled on .4-acre in the heart of Carmel Valley Village, this compound underwent comprehensive renovation in 2019, ensuring that every aspect exudes a premium, modern touch. Currently configured as a spacious 2-bed, 2-bath residence, this property offers soaring ceilings and natural light creating an inviting ambiance. Adjacent to the residence, a newly constructed oversized 4+ car garage awaits. Generating immediate income, the property also includes a 1-bed, 1-bath 733 sq ft apartment, along with two leased office spaces offering a consistent stream of cash flow. Whether you seek to maximize returns or create extra space for your personal use, the options here are limitless... owner/user, craftwork, events, vacation place with income.
  1. Listed by Kathleen Hendricks • DRE #01378614 • Brokerage DRE #00899496 • Sotheby's International Realty • 831-917-0839
  2. Listed by T. J. Bristol • DRE #01447566 • Brokerage DRE #00899496 • Sotheby's International Realty

Property Details for 8 El Caminito Road

MLS City Name
CARMEL VALLEY
Building Type
Other
Garage Spaces
4
Parking Spaces
5

Location

Listing Courtesy of Sotheby's International Realty, Kathleen Hendricks, DRE #01378614; Sotheby's International Realty, T. J. Bristol, DRE #01447566
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LISTING UPDATED: 04/10/2024 09:48 AM

Property Details for 8 El Caminito Road

StatusActive
MLS #ML81952959
Days on Compass89
Taxes$37,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1986
Lot Size0.42 AC / 18,248 SF
CountyMonterey County

Location

Listing Courtesy of Sotheby's International Realty, Kathleen Hendricks, DRE #01378614; Sotheby's International Realty, T. J. Bristol, DRE #01447566
Add your commute

Virtual Tour

Building Information for 8 El Caminito Road

Stories-Residences-Year Built1986Building Size-Lot Size0.42 AC / 18,248 SF

Payment Calculator

$21,655 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,539

Property Taxes

$3,117

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8 El Caminito Road

Features
External Links
Room Information
  • Kitchen: 220 Volt Outlet, Appliances - Vary by Unit, Cooktop - Gas, Countertop - Granite, Dishwasher, Exhaust Fan, Freezer, Garbage Disposal, Hood Over Range, Island, Island with Sink, Microwave, Oven - Built-In, Refrigerator
Features
  • Amenities: High Ceiling, Walk-in Closet
  • Fireplace: No
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 3614
  • Pool: Yes
  • Pool Type: Heated - Solar, Pool - Above Ground
  • Security Features: None
  • Special Features: Grab Bars, Parking, Wheelchair Access, Wide Halls / Doors (3 Ft +)
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas
  • Meters: Separate Electric
  • Sewer Septic: Septic Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Detached Garage, Workshop in Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: Carmel Valley Village, Los Tulares, Sleepy Hollow
  • Restrictions: Age - No Restrictions
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 8
  • Street Name: El Caminito
  • Street Suffix: Road
  • Area ID: 171
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 3614
  • Structure SqFt Source: Assessor
  • Age: 38
Development Information
  • Zoning Detail: LC-D-S_RAZ
Location Information
  • City Limits: No
  • Parcel Number: 187-433-039-000A
  • County Name: Monterey
  • City Name: CARMEL VALLEY
  • City Postal ID: 10
  • Postal Code: 93924
  • Elementary School District: 432
  • High School District Text: Carmel Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .42
  • 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: No
Multi Family Information
Building Information
  • No Of Leased: 3
General Information
  • Annual Tax Amount: $37,400
  • Capitalization Rate: 3.93
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: None
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,721
  • Expense Landscape: $3,720
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $771
  • Expenses Other: $864
  • Expenses Utility: $13,279
  • Expenses Total: $59,755
  • Operating Expenses Include: Fee - Property Tax, Maintenance, Services - Gardener, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 17.59
  • Income Annual Gross: $193,122
  • Income Annual Rental: $193,122
  • Income Gross Scheduled: $193,122
  • Income Other: $0

Property History for 8 El Caminito Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8 El Caminito Road

Taxable ValueLand$540,466Additions$736,875Total$1,277,341
Tax Record2023$15,119 ($1,260 / month)
Home Facts
Total Finished SqFt3,614 SqFtAbove Grade Finished SqFt3,614 SqFtStories2Lot Size18,247 SqFtStyleOffice BuildingYear Built1986Year Renovated2019CountyMONTEREYAPN187-433-039-000

Schools near 8 El Caminito Road

This home is within Carmel 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
Tularcitos Elementary School
PublicK to 5

Carmel Middle School
Public6 to 8

Carmel High School
Public9 to 12

Carmel Valley 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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8 El Caminito Road is a multi-family home for sale in Carmel Valley, CA 93924. This property was listed for sale on January 31, 2024 by Sotheby's International Realty, it's currently listed at $3,397,000. It has been on the market for a total of 89 days and was last sold on October 28, 2015. This listing's school district is Carmel Unified School District. Nearby schools include Tularcitos Elementary School, Carmel Middle School and Carmel High School. 8 El Caminito Road is a 0-bed, 0-bath, 3,614 sqft multi-family home built in 1986.

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 Sotheby's International Realty, Kathleen Hendricks, DRE #01378614; Sotheby's International Realty, T. J. Bristol, DRE #01447566

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.