737 Laine St, MONTEREY, CA

$1,650,000

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2,577

Square feet

0.13

Acres

About 737 Laine St

Rare find with high rental income potential, an exquisite 5 unit apartment building located in Monterey, CA. 737 Laine St. is close to key amenities including Cannery Row and New Monterey Downtown shopping, restaurants and coveted beaches. This building will attract tenants looking for a vibrant downtown lifestyle. A rare opportunity for any multi-family investor looking to add a highly sought after property to their portfolio. At present, this property, fully leased to tenants all current with their leases, is in a unique position because of its outstanding location, its potential for increased income, to be a significant & unique addition to ones real estate investment portfolio and/or a great 1031 Exchange.

Features of 737 Laine St

MLS® # ML81944426
Price $1,650,000
Square Footage 2,577
Acres 0.13
Year Built 1983
Type Residential Income
Sub-Type Five or More Units
Status Contingent

Community Information

Address 737 Laine St
Area Monterey - A
City MONTEREY
County Monterey
State CA
Zip Code 93940

Amenities

Utilities Public Utilities
Is Waterfront No

Interior

Heating Central Forced Air Heat, Heat-See Fireplace
Cooling Other
Fireplace No
Has Basement No

Exterior

Roof Composition Roof
Foundation Concrete Slab

School Information

Attendance Zone WALTER COLTON MIDDLE SCHOOL, MONTEREY HIGH SCHOOL, MONTE VISTA ELEMENTARY SCHOOL

Additional Information

Zoning R-1-15
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentRobert Slawinski
OfficeeXp Realty of California Inc
Office Contact408-505-0708

Listing Map

Listing Schools/Amenities

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Listing Price, Sale, & Status History

Status Changed from Active to Contingent
Status Changed from Contingent to Active
Status Changed from Active to Contingent
Price Reduced from $1,750,000 to $1,650,000
Price Reduced from $1,850,000 to $1,750,000