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Listed by Audrey Wardwell • 36 North Properties
$ 1,895,000
Est. payment | /mo
3,375 SqFt
$ 1,895,000
Est. payment | /mo
3,375 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $561
MLS Listing ID ML82041454
HOA Y/N No
Year Built 2025
Lot Size 7,078 Sqft
Property Sub-Type Quadruplex
Source Datashare MLSListings
Property Description
Exceptional investment opportunity at $13,025/month in rent, this well-maintained fourplex delivers income performance comparable to a commercial asset while benefiting from the flexibility of residential financing and streamlined management. The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedroom, 2-bath (offering excellent value-add potential), and an additional 1-bedroom, 1-bath unit. Notably, two of the units were newly constructed in 2025, providing modern finishes and minimizing near-term maintenance needs. Each unit is equipped with in-unit laundry, enhancing tenant appeal and supporting strong retention. Recent capital improvements include a new electrical panel, upgraded main service, new water main, and a newly completed driveway with six off-street parking spaces.
Location
State CA
County Monterey
Interior
Heating Other
Cooling No Air Conditioning
Fireplace No
Schools
School District Monterey Peninsula Unified, Monterey Peninsula Unified
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745