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Beautiful, multi-family property in desirable Pacific Grove neighborhood

  • 1,598,888
824 Archer Street, Monterey, CA 93940
  • Duplex, Multifamily
  • Property Type
  • 5
  • Bedrooms
  • 2
  • Bathrooms
824 Archer Street, Monterey, CA 93940
  • 1,598,888

Overview

  • Duplex, Multifamily
  • Property Type
  • 5
  • Bedrooms
  • 2
  • Bathrooms

Description

Back on the market!! HIGHLY DESIRABLE INCOME PROPERTY Remodeled & ready to reap the benefits as an AirBnB rental, long term rental or both.

DUPLEX with additional granny unit.

Unit #1 has a 2 bed and 1-bath- guest unit has a large bedroom with full bath& spacious area for kitchen, dining, & living room area.

Unit #2 is a  2 bed and 1 bath and on a clear sky, you will catch a glimpse of ocean views from upstairs living room area. The units feature many upgrades including: New interior and exterior paint, new flooring throughout, new windows, all brand new kitchens and baths in each unit.

Unit #3 1bed/1 bath.

The units will not be sold furnished.

Situated in a highly desirable neighborhood border line with Pacific Grove, this property is a brisk walk to Cannery Row, & the Monterey Bay Aquarium. Access to the 17-mile drive, & the Monterey Bay Coastal Trail. Short term or long term rentals with major events happening nearby: Laguna Seca, Golf Tournaments, Salinas Rodeo.

Standard monthly lease range can be expected as follows:
– 2 bed/ 1 bath $2,600 – $2,800
– 1 bed / 1 bath $2,200 – $2,350
– ocean view 2 bed / 1 bath/ $2,800 – $3,000

AIRBNB rentals in Monterey vary significantly depending on the major events happening in Monterey. A week rental can be as much as $10,000 on a major golf tournament event, or a Laguna Seca race event. Range is from $199 – $399 per night.

No HOA and no neighborhood restrictions on short term rentals or length of time restrictions or # of units at a time. City does require an STR permit and more details can be found on the city website here.

Details

  • Price: 1,598,888
  • Property Size: 2214 sq ft
  • Bedrooms: 5
  • Bathrooms: 2
  • Property Type: Duplex, Multifamily
  • Property Keyword: ocean view, carport

Property Rental Listing (VRBO or AirBNB Links)

    Additional details

    • Professionally Managed?: No

    Contact Information

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    Lupe Silva

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