862-872 Laine St
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862-872 Laine St
5 Unit Apartment Building $2,600,000 ($520,000/Unit) 4.18% Cap Rate Monterey, CA 93940
Executive Summary
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!
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!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts In Escrow
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,413 | 631 |
| 3+2 | 1 | $4,600 | 1,340 |
Walk Score ®
Walker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 001-077-021-000 | Total Assessment | $318,046 (2024) |
| Land Assessment | $94,585 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $223,461 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
001-077-021-000
Land Assessment
$94,585 (2024)
Improvements Assessment
$223,461 (2024)
Total Assessment
$318,046 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | APT |
| APT |
1 of 25
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C&C Property Management
862-872 Laine St
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