SOLD 03/21/2024
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Commercial sold for $1,450,000 in 166 days
737 Laine St Monterey, CA, 93940
Off the market Other
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.
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Property details
2,577 sqft interior area
Land area
5,850 sqft (0.13 acres)
Address
737 Laine St, Monterey, CA, 93940
City of California
Monterey
County
Monterey
Year Built
1983
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
Listed by
Robert Slawinski, eXp Realty of California Inc
Name
Robert Slawinski
License number
01354172
Brokerage company
eXp Realty of California Inc
MLS #
ML81944426
Buyer agent
Name
Kevin Cesario
Brokerage company
Real Brokerage Technologies
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Calculate your monthly payments
Mortgage
$4,452
Taxes
$0
HOA dues
$0
Mortgage
$290,000 / 20%
2.28%
30 years
Your amount
$4,452 / month
Lot details
TMK #001083007000
Parcel nr.
001083007000
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
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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
34%
Families with children
National average: 39%
43%
Non family households
100,095
Population
$128,944
Average Income
Age & gender
Median age 45 years
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Commute types
77% commute by car
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Education level
26% have bachelor education
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Number of employees
6% work in education and healthcare
More info
Vehicles available
40% have 2 vehicle
More info
Vehicles by gender
40% have 2 vehicle
More info
Housing market insights for
$1.53m
Neighborhood average
sales price*
sales price*
$1.26m
Neighborhood median
sales price*
sales price*
156
Number
of sales*
of sales*
Housing type
56% are single detacheds
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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
50% are owners
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10.33 / 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 Mar 21, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 21, 2024 | Sold | $1,450,000 | 0 | Public Record |
| Mar 21, 2024 | Price Decrease | $1,450,000 -12.12% | 0 | MLS #ML81944426 |
| Feb 18, 2024 | Under contract | $1,650,000 | 0 | MLS #ML81944426 |
| Feb 8, 2024 | For sale | $1,650,000 | 0 | MLS #ML81944426 |
| Jan 26, 2024 | Under contract | $1,650,000 | 0 | MLS #ML81944426 |
| Jan 16, 2024 | Price Decrease | $1,650,000 -5.71% | 0 | MLS #ML81944426 |
| Nov 28, 2023 | Price Decrease | $1,750,000 -5.41% | 0 | MLS #ML81944426 |
| Oct 8, 2023 | New Listing | $1,850,000 | 0 | MLS #ML81944426 |
Taxes of 737 Laine St, Monterey, CA, 93940
R-1- zoning / MLS #ML81944426
Zoning
R-1-
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Frequently Asked Questions about 737 Laine St
What is 737 Laine St?
737 Laine St is a Commercial/Industrial propertywith 2,577 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
737 Laine St, Monterey, CA, 93940.
What comparable properties are nearby?
Comparable nearby commercial properties include 761-767 Lighthouse Ave, 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 04-27-2024. 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 22, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Andronico's, 0.27 miles away and Grove Market, 0.86 miles away.
The 93940 zip area has a population of 100,095, and 34% of the families have children. The median age is 45.71 years and 77% commute by car. The most popular housing type is "single detached" and 50% is owner.
