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38
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277 Van Buren Street, Monterey, CA 93940
$1,350,000 Asking Price
$---/mo Est. Payment Get Prequalified »
5
beds
3
baths
2,100
sqft
Built in
1944
Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. Off kitchen rooms potential can be combined into a third bedroom with ocean views. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential $4,000+ monthly rent. This $4000 rent, at 8% interest, can pay for $500,000 of an amortized loan payment. There may be enough water credits to construct an ADU on the site.
Features & Amenities
Interior
- Appliances:
- Gas Cooktop
- Flooring:
- Carpet,Laminate,Wood
- A/C:
- true, None
- Heating:
- true, Electric
- Disability Feature:
- None
Exterior
- Style:
- Traditional
- Parking:
- Parking spaces: 1
Construction
- Roofing:
- Composition
- General:
- 2, Concrete Perimeter
Location
- Originating MLS:
- CRMLS
- School District:
- Other
- County:
- Monterey
Lot
- Zoning:
- R-3-6, 001568011000
- View:
- Bay,Mountain(s),Neighborhood, View
Utilities
- Water:
- Public
Financial
- Source:
- CRMLS
This listing courtesy of:
Albers Real Estate Investment Company, Hap Albers
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Monterey, CA
Housing
- Number of Units
- 15,767
- Median Home Value
- $824,536
- Median Rent
- $1,790
59.42% of housing units are renter occupied.
9.79% are vacant.
Commute
- Car
-
55.78%
- Public Transportation
-
1.30%
- Walk to Work
-
4.44%
- Work from Home
-
36.58%
- Other
-
0.44%
The median travel time to work is 13 minutes.
People
- Population
- 32,988
- Median Age
- 41.50
- Median Household Size
- 2.29
Education
- High School
-
10.52%
- Associate’s Degree
-
9.66%
- Bachelor’s Degree
-
29.10%
- Graduate Degree
-
24.47%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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