Skip To Content

872 Laine Street

Monterey, CA 93940
  • $2,800,000
  • STATUS: Active
  • ON SITE: 9 Days
  • ID#: ML81902459
UPDATED: 30 min ago
$2,800,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,336
    SQFT
  • $646
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

School District:
Listing Agent(s): The C Group of Better Homes And Gardens Real Estate By The Sea ((831) 216-1391)


Description

862/872 Laine St in Monterey California is one of the original properties in Monterey and has deep roots within the community. The listed estate encompasses a 4-plex as well as a single-family home, both on the same parcel number (APN). 3 of the 4 units within the 4-plex have been remodeled and all enjoy ocean views, private parking and are updated with new kitchens. The property can be sold independently or with the surrounding compound depending on the specific situation and buyers preference. There is plenty of upside ADU potential for any interested party seeing as this property has been owned by the original family since it was built. Just a few blocks from Cannery Row, a short walk from the Monterey Bay Aquarium and downtown, these units are never on the rental market long. Whether you are enjoying the ocean views from the balcony or exploring Pacific Grove, this is a sought-after neighborhood for all.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T23:30:22.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
www.americanrealestatehomes.com/homes/131527756
Print Image

872 Laine Street Monterey, CA 93940

  • Price: $2,800,000
  • Status: Active
  • On Site: 9 Days
  • Updated: 30 min ago
  • ID#: ML81902459
0
Beds
0
Baths
0
½ Baths
0.27
Acres
4,336
SQFT
$646
$/SQFT
1926
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
School District:
Other
Property Description
862/872 Laine St in Monterey California is one of the original properties in Monterey and has deep roots within the community. The listed estate encompasses a 4-plex as well as a single-family home, both on the same parcel number (APN). 3 of the 4 units within the 4-plex have been remodeled and all enjoy ocean views, private parking and are updated with new kitchens. The property can be sold independently or with the surrounding compound depending on the specific situation and buyers preference. There is plenty of upside ADU potential for any interested party seeing as this property has been owned by the original family since it was built. Just a few blocks from Cannery Row, a short walk from the Monterey Bay Aquarium and downtown, these units are never on the rental market long. Whether you are enjoying the ocean views from the balcony or exploring Pacific Grove, this is a sought-after neighborhood for all.
Exterior Features

Carport Spaces 4 Carport YN Yes Foundation Details Slab Parking Features Carport Parking Total 4 Roof Composition

Interior Features

Accessibility Features None Cooling None Cooling YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 2.56 Garage YN No Gross Scheduled Income 130860 Insurance Expense 3600 Listing Agreement Exclusive Right To Sell Maintenance Expense 7600 Other Expense 0 Property Sub Type Mixed Use Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 30800 Trash Expense 0 Water Source Public Zoning Apt



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-08-11T23:30:22.067. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or American Real Estate List & Sell. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369504712-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369504712-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_369504712-1.jpg
Logo
American Real Estate List & Sell
6391 Magnolia Ave., B20
Riverside CA, 92505
Listing Agent(s): The C Group of Better Homes And Gardens Real Estate By The Sea ((831) 216-1391)