Monterey, CA 93940,737 Laine ST
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Monterey, CA 93940,737 Laine ST
Monterey, CA 93940,737 Laine ST
Monterey, CA 93940,737 Laine ST
Monterey, CA 93940,737 Laine ST

$1,450,000

Est. payment /mo

$1,650,000

12.1%
Est.Price: ?

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737 Laine ST Monterey, CA 93940

2,577 SqFt

SOLD DATE : 03/21/2024

Key Details

Sold Price $1,450,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Square Footage 2,577 sqft

Price per Sqft $562

MLS Listing ID ML81944426

Sold Date 03/21/24

HOA Y/N No

Year Built 1983

Annual Tax Amount $7,049

Lot Size 5,850 Sqft

Property Description

Rare find with high rental income potential, an exquisite 5 unit apartment building located in Monterey, CA. 737 Laine St. is close to key amenities including Cannery Row and New Monterey Downtown shopping, restaurants and coveted beaches. This building will attract tenants looking for a vibrant downtown lifestyle. A rare opportunity for any multi-family investor looking to add a highly sought after property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to ones real estate investment portfolio and/or a great 1031 Exchange.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning R-1-15

Interior

Heating Central, Fireplace(s)

Fireplace No

Exterior

Carport Spaces 5

Roof Type Composition

Building

Water Public

Schools

School District Other

Others

Tax ID 001083007000

Security Features Security Lights

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Slawinski • eXp Realty of California Inc
Bought with Kevin Cesario • Real Brokerage Technologies

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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