277 Van Buren Street, Monterey, CA 93940

Listing by: Hap Albers, Albers Real Estate Investment Company

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5 Beds

3 Baths

2,100 SqFt

Active

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.

Property Details
Price	$1,395,000
Bedrooms	5
Full Baths	3
Half Baths	0
Total Baths	3
Property Style	Traditional
Lot Size Area	4000
Lot Size Area Units	Square Feet
Acres	0.0918
Property Type	Residential
Sub type	SingleFamilyResidence
MLS Sub type	Single Family Residence
Stories	2
Year Built	1944
View	Bay,Mountain(s),Neighborhood
Roof	Composition
Heating	Electric
Foundation	Concrete Perimeter
Accessibility	None
Parking Spaces	1
Garage spaces	1
Geographic Data
Directions	Cross Street: Scott Street
County	Monterey
Latitude	36.602588
Longitude	-121.896523
Market Area	699 - Not Defined
Address Information
Address	277 Van Buren Street, Monterey, CA 93940
Postal Code	93940
City	Monterey
State	CA
Country	United States
Listing Information
Listing Office	Albers Real Estate Investment Company
Listing Agent	Hap Albers
Buyer Agency Compensation	2.500
Buyer Agency Compensation Type	%
Compensation Disclaimer	The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions	Standard
School Information
District	Other
Elementary School	Monte Vista
Middle School	Other
High School	Monterey
MLS Information
Days on market	65
MLS Status	Active
Listing Date	Feb 28, 2024
Listing Last Modified	May 3, 2024
Tax ID	001568011000
MLS Area	699 - Not Defined
MLS #	ML81955742

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This information is believed to be accurate, but without any warranty.

5 Beds

3 Baths

2,100 SqFt

Active

Property Details

Geographic Data

Address Information

Listing Information

School Information

MLS Information

Map View