482 Alvarado St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
482 Alvarado St
9,828 SF 87% Leased Retail Building Monterey, CA 93940 $2,900,000 ($295/SF)
Investment Highlights
- Monterey Down Town!
Executive Summary
The subject property located in heart of Monterey Downtown and contains a commercial building with of retail and office spaces. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. Many more potential for a development opportunity on Calle Principal Street part, Call detail on City of Monterey and Monterey Water Management.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$240,958
|
$24.52
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,575
|
$0.47
|
| Effective Gross Income |
$236,383
|
$24.05
|
| Taxes |
$29,000
|
$2.95
|
| Operating Expenses |
$66,591
|
$6.78
|
| Total Expenses |
$95,591
|
$9.73
|
| Net Operating Income |
$140,792
|
$14.33
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $240,958 |
| Annual Per SF | $24.52 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,575 |
| Annual Per SF | $0.47 |
| Effective Gross Income | |
|---|---|
| Annual | $236,383 |
| Annual Per SF | $24.05 |
| Taxes | |
|---|---|
| Annual | $29,000 |
| Annual Per SF | $2.95 |
| Operating Expenses | |
|---|---|
| Annual | $66,591 |
| Annual Per SF | $6.78 |
| Total Expenses | |
|---|---|
| Annual | $95,591 |
| Annual Per SF | $9.73 |
| Net Operating Income | |
|---|---|
| Annual | $140,792 |
| Annual Per SF | $14.33 |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
9,828 SF
Building Class
C
Year Built
1941
Price
$2,900,000
Price Per SF
$295
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.78
Lot Size
0.29 AC
Zoning
C-2 - Retail and Executive Office, may convert upstairs an apartments or condo's. This property has plenty of water.
Parking
7 Spaces (0.71 Spaces per 1,000 SF Leased)
Frontage
54 FT on Alvarado St
Amenities
- Bus Line
Space Availability
- Space
- Size
- Space Use
- Position
- Available
May have three or more desk with stroage spaces as you wish.
| Space | Size | Space Use | Position | Available |
| 2nd Floor | 1,200-1,300 SF | Office/Retail | - | Now |
2nd Floor
| Size |
| 1,200-1,300 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size | 1,200-1,300 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
May have three or more desk with stroage spaces as you wish.
Walk Score ®
Walker's Paradise (98)
Bike Score ®
Very Bikeable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 001-572-003-000 | Total Assessment | $1,600,844 (2024) |
| Land Assessment | $677,278 (2024) | Annual Taxes | $29,000 ($2.95/SF) |
| Improvements Assessment | $923,566 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
001-572-003-000
Land Assessment
$677,278 (2024)
Improvements Assessment
$923,566 (2024)
Total Assessment
$1,600,844 (2024)
Annual Taxes
$29,000 ($2.95/SF)
Tax Year
2023
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
482 Alvarado St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.