Active
277 Van Buren ST
Monterey CA, 93940
$1,395,000
$664.29 per sqft
Active
5 Beds
3 Baths
2,100 sqft
Residential
Built in 1944
Listed by Albers Real Estate Investment Company, Hap Albers, Listing Contact: 8313721922
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. Off kitchen rooms potential can be combined into a third bedroom with ocean views. 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 $4,000+ monthly rent. This $4000 rent, at 8% interest, can pay for $500,000 of an amortized loan payment. There may be enough water credits to construct an ADU on the site.
ML81955742
MLSⓇ ID
May 9, 2024
Updated
Map
277 Van Buren ST
Monterey CA, 93940
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Interior Features
Hardwood, Laminate
Appliances
Cooktop, Oven, Range
Floor Description
Hardwood, Laminate
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Electric, Natural Gas
Exterior/Building Features
Lot Size
0.09 Acres
Architectual Style
Traditional
Roof
Composition
School Information
School District
438
Elementary School
544
Other Property Details
Area Name
Old Town Monterey
Garage
Yes
Garage Spaces
1
Parking Total
1
View
Yes
View Description
Bay, Mountain(s)
County
Monterey
Water Source
Public
Pool
No
Zoning
R-3-6
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
|---|---|---|
4/11/2024 | Price Change | $1,395,000 -3% |
Listed by Albers Real Estate Investment Company, Hap Albers,
Listing Contact: 8313721922
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Data last updated 6:08 AM UTC, 5/9/2024