SOLD 03/08/2024
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Commercial sold for $3,556,400 in 82 days
1172 1st St Monterey, CA, 93940
Off the market Other
Opportunity Knocks! Great location just two blocks from the ocean and 3 blocks to NPS. Units in nice condition and rarely vacant. Each unit has designated carport with lockable storage room behind. Common area laundry room with two commercial coin operated washers and two dryers. All units have individual gas water heaters and gas forced air furnaces. No deferred maintenance and well maintained property makes this a great investment opportunity with mostly long term tenants in prime location.
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Property details
8,364 sqft interior area
Land area
10,019 sqft (0.23 acres)
Address
1172 1st St, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1975
District
Listing
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Interior Features
—
Roof
Shingle
Garage & Parking
Assigned
Appliances
Dishwasher, Refrigerator
Listed by
Steve Mast, Mast Realty
Name
Steve Mast
License number
00648524
Brokerage company
Mast Realty
MLS #
ML81949902
Buyer agent
Name
The Debby Beck Group
Brokerage company
Platinum One Real Estate
Payment calculator
Calculate your monthly payments
Mortgage
$10,919
Taxes
$0
HOA dues
$0
Mortgage
$711,280 / 20%
2.28%
30 years
Your amount
$10,919 / month
Lot details
TMK #001826003000
Parcel nr.
001826003000
93940 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in 93940
37%
Families with children
National average: 39%
43%
Non family households
103,580
Population
$128,659
Average Income
Age & gender
Median age 42 years
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Commute types
76% commute by car
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Education level
24% have bachelor education
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Number of employees
7% work in education and healthcare
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Vehicles available
40% have 2 vehicle
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Vehicles by gender
40% have 2 vehicle
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Housing market insights for
$1.17m
Neighborhood average
sales price*
sales price*
$998.75k
Neighborhood median
sales price*
sales price*
202
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
36% of the houses have 4 or 5 rooms
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Bedrooms
64% have 2 or 3 bedrooms
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Owners vs Renters
52% are renters
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11.83 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Sold Mar 8, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 8, 2024 | Sold | $3,556,400 | 0 | Public Record |
| Mar 8, 2024 | Price Decrease | $3,556,400 -6.41% | 0 | MLS #ML81949902 |
| Feb 1, 2024 | Under contract | $3,800,000 | 0 | MLS #ML81949902 |
| Jan 4, 2024 | Pending | $3,800,000 | 0 | MLS #ML81949902 |
| Dec 18, 2023 | New Listing | $3,800,000 | 0 | MLS #ML81949902 |
Taxes of 1172 1st St, Monterey, CA, 93940
R4 zoning / MLS #ML81949902
Zoning
R4
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Frequently Asked Questions about 1172 1st St
What is 1172 1st St?
1172 1st St is a Commercial/Industrial propertywith 8,364 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
1172 1st St, Monterey, CA, 93940.
What comparable properties are nearby?
Comparable nearby commercial properties include 660 Camino Aguajito, 499 Alvarado St, 482 Alvarado St, 486 Alvarado St, 539 Ramona Ave, 761-767 Lighthouse Ave.
Based on information from the bridgeMLS as of 05-09-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Mar 09, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Trader Joe's, 0.77 miles away and Whole Foods Market, 1.51 miles away.
The 93940 zip area has a population of 103,580, and 37% of the families have children. The median age is 42.38 years and 76% commute by car. The most popular housing type is "single detached" and 52% is renter.
