862-872 Laine St - Apartments FOR SALE


Monterey, CA 93940
$2,700,000 USD
831-601-8936
862-872 Laine St, Monterey, CA for Sale
$2,700,000 USD
Apartments - FOR SALE
1/24
null | 4.03% Cap Rate

862-872 Laine St
Monterey, CA 93940


OVERVIEW

Experience coastal luxury and investment potential in one remarkable package! Nestled in the heart of Cannery Row, discover a single-family home and a four-plex on one parcel, each unit boasting breathtaking ocean views. Step outside your door to the beach, aquarium, and vibrant amenities just steps away. Indulge in dining, shopping, or leisurely bike rides along the scenic path—all within reach. This dual-property presents an enticing opportunity for residency and income generation. Proximity to the DLI and NPS enhances its allure as a prime rental location. Whether you're seeking a permanent coastal retreat or a savvy investment, this property delivers. Immerse yourself in the vibrant energy of this iconic waterfront district, where world-class attractions, renowned dining establishments, and boutique shops await. Seize the promise of passive income and the convenience of a prime location in this seaside sanctuary. Embrace the coastal lifestyle and capitalize on this exceptional investment opportunity today!

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$623 USD /SF

# OF UNITS

5

PRICE/UNIT

$540,000

CAP RATE

4.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

APT

APN/PARCEL ID

001-077-021-000

ASK ABOUT THIS PROPERTY

Kevin CesarioC&C Property ManagementMore Info
831-601-8936

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Kevin CesarioC&C Property ManagementMore Info
831-601-8936

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.