12 days on rocket

1251 1st St, Monterey, CA, 93940

$2,300,000

Home List Price

$10,000*

Closing Credit

0 Baths
House

Location

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1251 1st St, Monterey$2,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
Year Built1950
HeatingWall Furnace
CoolingNone
MLS #41076948
Lot Size0.14 Acres
StatusActive

About 1251 1st St

Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are 3 single car garage spaces for storage or parking as well. This property will also include 1260 Del Monte Ave; a generous parking lot, convenient for both residents and customers. This multifaceted asset not only promises a steady income stream but also positions you in a vibrant community with endless potential for growth. Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte beach, and downtown Monterey!

Property Details

Property Features

Property Information:

  • Year Built: 1950

Listing Office:

  • Office Name: Exp Realty of California Inc.
  • Office Phone: (888) 584-9427
  • Listing Agent: Loren Eva Ybarra

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Wall Furnace
  • Cooling: None

School Info

Assigned Schools Information:

  • Monterey High School, Public District Grades 9-12
  • La Mesa Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Del Monte -> Sloat -> 1st St Cross Street: Sloat.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,300,000

Tax Information:

  • Annual Amount: $8,204
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Monterey, CA.

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Monterey, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$724

Avg. Days On Market

38

# of Sold Homes

18

1251 1st St vs Monterey

12 DAYS ON ROCKET

-26 Days

$2,300,000

+$1.2M More

KEY TAKEAWAY

This property is $1.2M more than the Median Sold Price in Monterey, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #41076948

Listing Office:

  • Office Name: Exp Realty of California Inc.
  • Office Phone: (888) 584-9427
  • Listing Agent: Loren Eva Ybarra

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/31/2024, 9:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 17, 2018Home Sold
$3,335,000
Apr 25, 2017Home Sold
$3,335,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,204$722,626
2020$7,901$714,030
2019$7,958$700,031
2018$5,665$686,306
2017$5,665$509,098

History based on county public records data.

Payment Calculator

$11.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,962

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-853525
6
/10

  • La Mesa Elementary School

  • 1 La Mesa Way

  • 1.36 miles

  • Public District Grades KG-5

High School

school-card-donut-853526
8
/10

  • Monterey High School

  • 101 Herrmann Dr

  • 1.22 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,994. Typical income of Monterey, CA residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1251 1st St

What is the listing price of this property?

The listing price of 1251 1st St property is $2,300,000.

What type of property is this?

The property 1251 1st St is a house located in Monterey, California, 93940.

Is this property for sale now?

Active Listing: 1251 1st St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1251 1st St are:
La Mesa Elementary School: GreatSchools Rating 6/10
Monterey High School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,204 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 17, 2018 for $3,335,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 1251 1st St is 1950.

Rocket Homes›California›Monterey County›Monterey›93940›1251 1st St

This home is located at 1251 1st St in Monterey, CA and zip code 93940. This home, which was built in 1950, sits on a 0.14 acre lot. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $2,300,000.

Monterey, CA housing market in September 2024 saw over 6 listings sold above listed price, more than 2 sold at listed price and over 10 sold below. In September 2024 in Monterey, CA there were 4.4% more homes for sale than in August 2024. While the average time on the market in September 2024 was 38 days, the median list price was $1,097,000.

From Rocket Homes Real Estate and based on county public records data.

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