7 Unit Multi-Family | 800-812 Lyndon 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!
7 Unit Multi-Family 800-812 Lyndon St
7 Unit Apartment Building $2,650,000 ($378,571/Unit) 5.09% Cap Rate Monterey, CA 93940
INVESTMENT HIGHLIGHTS
- Well located property in heart of Pacific Grove.
- Plenty of shopping nearby.
- Private neighborhood.
- Close to Cannery Row & Pebble Beach.
EXECUTIVE SUMMARY
Time to move this property! Price REDUCED: $2,650,000 effective 2/7/2025!
PRESENT OFFERS !
---- -
RARE OFFERING! PERFECT 1031 OPPORTUNITY. GREAT ADDITION TO INVESTOR'S REAL ESTATE PORTFOLIO. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. DO NOT DISTURB OR APPROACH TENANTS. ALL SELLER DOCUMENTATION IS STRICTLY CONFIDENTIAL. PROPERTY SOLD IN AS-IS CONDITION.
---- -
Full Offering Memorandum, CoStar Analytics & Underwriting Reports available to Buyer executing confidentiality agreement. Interested Prospects are asked to present Broker with signed / dated Letter of Interest and proof of funds (and acquisition debt prequalification, if any) PRIOR to showings. Seller will prepare Purchase Sale Agreement (PSA). Seller will be in a 1031 Exchange requiring Buyer’s cooperation. For those who ask, if Buyer wants to convert property to Airbnb etc., remember that there are lease commitments in place that must be honored.
---- -
**NOTE: 1.50% Buyside commission. Call Listing Broker with questions.
Loan Available through Mike Millett at Pacific Valley Bank.
Escrow shall be with Chicago Title (Monterey)- Denise Johnson.
PRESENT OFFERS !
---- -
RARE OFFERING! PERFECT 1031 OPPORTUNITY. GREAT ADDITION TO INVESTOR'S REAL ESTATE PORTFOLIO. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. DO NOT DISTURB OR APPROACH TENANTS. ALL SELLER DOCUMENTATION IS STRICTLY CONFIDENTIAL. PROPERTY SOLD IN AS-IS CONDITION.
---- -
Full Offering Memorandum, CoStar Analytics & Underwriting Reports available to Buyer executing confidentiality agreement. Interested Prospects are asked to present Broker with signed / dated Letter of Interest and proof of funds (and acquisition debt prequalification, if any) PRIOR to showings. Seller will prepare Purchase Sale Agreement (PSA). Seller will be in a 1031 Exchange requiring Buyer’s cooperation. For those who ask, if Buyer wants to convert property to Airbnb etc., remember that there are lease commitments in place that must be honored.
---- -
**NOTE: 1.50% Buyside commission. Call Listing Broker with questions.
Loan Available through Mike Millett at Pacific Valley Bank.
Escrow shall be with Chicago Title (Monterey)- Denise Johnson.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 (PRO FORMA - 2025) 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
| Price | $2,650,000 | Apartment Style | Low Rise |
| Price Per Unit | $378,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.09% | Building Size | 4,820 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1959 |
| Property Subtype | Apartment | Parking Ratio | 1.65/1,000 SF |
| Price | $2,650,000 |
| Price Per Unit | $378,571 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| Sale Conditions | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,820 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 1.65/1,000 SF |
UNIT AMENITIES
- Heating
- Views
- Yard
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | 600 - 710 |
| 2+1 | 4 | - | 710 |
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 001-183-007-000 | Total Assessment | $2,600,086 (2024) |
| Land Assessment | $536,099 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,063,987 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
001-183-007-000
Land Assessment
$536,099 (2024)
Improvements Assessment
$2,063,987 (2024)
Total Assessment
$2,600,086 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 19
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Paul E Stansen, APC
7 Unit Multi-Family | 800-812 Lyndon 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.