944-946 Walnut ST, Pacific Grove

$1,005,000

Photo of
Photo of
Bedrooms
Baths
1,624 Square Feet

$1,005,000

  • Status: Sold
  • Square Footage (+/-): 1,624
  • Lot Size: 6,400
  • Listed: 3/22/2018
  • Sold Date: 8/16/2018
  • Type: Duplex
  • Year Built: 1959
  • MLS: ML81697461
  • Elementary School District:
    Pacific Grove Unified District
  • High School District:
    Pacific Grove Unified District
  • Elementary School:
  • Middle School:
  • High School:
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Mortgage payment: $4,316/mo.
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About 944-946 Walnut ST

5.7% CAP RATE!!! - Highest Cap Rate currently available on the Monterey Peninsula by far! Others currently on the market in the area range from 2.3% - 4.0% CAP Rates. This property generates $74,000 in annual rental income. That breaks down to $6,190/mo in rental income. Opportunity in the near future for one unit to be an owner occupied and the other to be an income generator. Unit 944 - 2BD/1BA $3,195/month. Unit 946 - 2BD/1BA $2,995/month - This charming remodeled Duplex features a Contemporary/Modern design with ocean views. Amenities include close proximity to 17 Mile Dr, Asilomar Beach, and Spanish Bay; Pacific Grove schools are some of the best in the state - a bonus for tenants with families. Take advantage of all Pacific Grove has to offer.


  • Garage Parking Features
    • Carport
    • Off-Street Parking
  • General Features
    • Cooling: Ceiling Fan
    • Existing Lease Term(s): Other
    • Heating: Wall Furnace
    • Horse Property: No
    • Laundry: Hookups Only
    • No of Stories: 1
    • Roof: Composition
    • Security Features: Security Alarm
    • Subclass: Duplex
    • View: Ocean
    • Water: Public
  • Kitchen
    • Dishwasher
    • Garbage Disposal
    • Oven Range - Built-In
    • Refrigerator
  • Listing Class
    • Residential Income (2-4 units)
  • Sewer Septic
    • Sewer - Public
    • Sewer Connected


Recently Viewed

Recently Sold

$1,005,000

944-946 Walnut ST
Pacific Grove, CA 93950

  • Status: Sold
  • Square Footage (+/-): 1,624
  • Lot Size: 6,400
  • Listed: 3/22/2018
  • Sold Date: 8/16/2018
  • Type: Duplex
  • Year Built: 1959
  • MLS: ML81697461
  • Elementary School District:
    Pacific Grove Unified District
  • High School District:
    Pacific Grove Unified District
  • Elementary School:
  • Middle School:
  • High School:
Schedule a Showing Save as Favorite Comparables
Mortgage payment: $4,316/mo.
close
Property Value:
Down Payment:
or
%
Interest Rate:
%
Loan Duration:
months, or
years
Monthly Payment:

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Listed by Sean Poudrier, Coldwell Banker Residential Brokerage

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Updated on 11/14/2018