SOLD 02/29/2024
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Commercial sold for $1,000,000 in 93 days
300 Van Buren St Monterey, CA, 93940
Off the market Comm Ind For Sale
Unique Dual Property Investment and Redevelopment Opportunity - *Bundle Portfolio Sale with 296 Van Buren* 300 Van Buren Street Discover an extraordinary investment and redevelopment opportunity by considering the combined sale of 300 Van Buren Street along with its neighboring property at 296 Van Buren Street. These two properties, when acquired together, present a rare chance to diversify your investment portfolio and maximize potential in the heart of Old Town Monterey. 300 Van Buren is a duplex with 1,401 sqft living space residing on a massive 11,500 sqft lot. Currently both units are leased with below market rents. With the option to purchase both properties, you gain a strategic advantage, opening doors to a range of possibilities, including redevelopment, expansion, or enhanced income potential. These properties are ideally located, being under 1 mile from the pristine beach, making them highly attractive for beach enthusiasts and outdoor lovers. Moreover, they are conveniently positioned within walking distance of shopping, dining, and essential community services, ensuring a lifestyle of comfort and convenience. The income-generating potential of 300 Van Buren Street, featuring a well-maintained duplex with leased units and the opportunity for rent adjustments, provides
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Property details
1,469 sqft interior area
Land area
11,500 sqft (0.26 acres)
Address
300 Van Buren St, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1948
Parking Spaces
4
District
Listing
Nearby major retailers
Costco
Trader Joe's
Whole Foods Market
Safeway
Wholesale: 1
Supermarket: 4
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Interior Features
4 parking places
Roof
Shingle
Utilities Included
Other
Listed by
Shea Wigton, Compass
Name
Shea Wigton
License number
02113775
Brokerage company
Compass
MLS #
CL23317497
Buyer agent
Name
Datashare Cr Don't Delete Default Agent
Brokerage company
Datashare CR Default Office Don't Delete
Payment calculator
Calculate your monthly payments
Mortgage
$3,071
Taxes
$0
HOA dues
$0
Mortgage
$200,000 / 20%
2.28%
30 years
Your amount
$3,071 / month
Exterior Features
Stucco construction and more
Construction
Stucco
Lot details
TMK #001382010000
Parcel nr.
001382010000
93940 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
—
no data
Costco
—
no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
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no data
People living in 93940
35%
Families with children
National average: 39%
42%
Non family households
103,580
Population
$128,659
Average Income
Age & gender
Median age 46 years
More info
Commute types
77% commute by car
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Education level
26% have bachelor education
More info
Number of employees
6% work in education and healthcare
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Vehicles available
40% have 2 vehicle
More info
Vehicles by gender
40% have 2 vehicle
More info
Housing market insights for
$1.44m
Neighborhood average
sales price*
sales price*
$1.23m
Neighborhood median
sales price*
sales price*
186
Number
of sales*
of sales*
Housing type
57% are single detacheds
More info
Rooms
35% of the houses have 4 or 5 rooms
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Bedrooms
63% have 2 or 3 bedrooms
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Owners vs Renters
52% are owners
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8.17 / 20
Below 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 Feb 29, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 29, 2024 | Sold | $1,000,000 | 0 | Public Record |
| Feb 29, 2024 | Price Increase | $1,000,000 +0.5% | 0 | MLS #CL23317497 |
| Dec 20, 2023 | Pending | $995,000 | 0 | MLS #CL23317497 |
| Nov 29, 2023 | New Listing | $995,000 | 0 | MLS #CL23317497 |
Taxes of 300 Van Buren St, Monterey, CA, 93940
R3 zoning / MLS #CL23317497
Zoning
R3
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Frequently Asked Questions about 300 Van Buren St
What is 300 Van Buren St?
300 Van Buren St is a Commercial/Industrial propertywith 1,469 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
300 Van Buren St, Monterey, CA, 93940.
What comparable properties are nearby?
Comparable nearby commercial properties include 400 Tyler St, 1084 Cass St, 1088 Cass St, 5 Harris Ct Unit C Ct, 12 Lower Ragsdale Dr, 176 Central 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 01, 2024
Verhouse Last checked 5 minutes ago
The closest grocery stores are Trader Joe's, 0.41 miles away and Andronico's, 1.15 miles away.
The 93940 zip area has a population of 103,580, and 35% of the families have children. The median age is 46.53 years and 77% commute by car. The most popular housing type is "single detached" and 52% is owner.
