$3,350,000.00

For Sale | 9-Unit Apartment Complex in Monterey, CA

Mahoney & Associates is pleased to present to the market the opportunity to purchase a 9-unit apartment complex located at 464-470 Ramona Avenue in Monterey, California. The property consists of 3 stand-alone cottages and 6 apartments. The units range in size from ± 576 SF to ± 1,310 SF and come with garage/ carports and some with yards. There is an existing loan in place with a principal balance of ± $940,000 at a 4.09% through March 1, 2027, amortized over 25 years, with a ±1% assumption fee. Buyer to cooperate with Seller in a 1031 exchange. Seller’s are licensed real estate brokers in California.

Details

Price : $3,350,000.00
Address : 464 - 472 Ramona Ave
City : Monterey
State : CA
Zip Code : 93940
APN : 013-121-017
Latitude : 36.5986398
Longitude : -121.8584181
Property Type : Multi-Family
Secondary Type : Residential
Purpose : Sell
Building Size : ± 7,171 SF
Lot Size : ± 21,780 SF
Property ID : 6722

Attachments

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Ryan Edwards
DRE #01403313
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Josh Jones
DRE#01352818
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Patrick Stafford
DRE #01857243
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CONTACT US

Phone: (831) 646-1919
Fax: (831) 646-1115
Email Us: [email protected]

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