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486 Alvarado St, Monterey, CA 93940
$3,500,000
486 Alvarado St, Monterey, CA 93940View this property at 486 Alvarado St, Monterey, CA 93940
486 Alvarado StMontereyCA93940
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Property Description
Rare opportunity to own well performing historic building at the start of main street w/ private parking.Many long term tenants. Tenants include Super Cuts & Pacific Valley Bank. Special historic property The former Home of CA GOVERNOR ALVARADO-A native of Monterey, Alvarado served as Governor of Mexican California from December 20, 1836 to December 20, 1842. Building was damaged in storm and repair work is under way, Offered for sale with the repairs to be completed before the close of escrow, Or may consider discount and Buyer to complete repairs after close. Building is 100% occupied with long term tenants, some may be below market.
Full Property Details
Full Property Details for 486 Alvarado St
General
- Price: $3,500,000
- Status: Active
- Type: Industrial
- MLS ID: ML81944629
- Updated: 5/14/2024
- Added to Site: 242 day(s) ago
Rental Information
- Complex Features: Front Sign, Office, Restroom(s)
Interior
- Flooring: Carpet, Other
Additional Information
- Extras: Not Applicable
- Security/Safety: Other
Parking
- Parking Features: Common Parking Area
Location
- Area: Downtown/Fisherman Wharf
- County: Monterey
- Cross Streets: Pearl St
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Private / Mutual
- Utility Description: Public Utilities
- Metering: Master Electric, Master Gas
Structural Information
- # Buildings: 1
- Foundation: Concrete Slab, Other
- Roof: Composition, Tar and Gravel
- Disability Access: Other
- Square Feet: 10,082
- Office: 5,000 Sq. Ft.
- Year Built: 1975
Lot Features
- Lot Size (Acres): 0.35
- Minimum Lot Size: 15246
- Lot Size (Sq. Ft.): 15,246
- Present Use: Business/Professional, Office, Retail
- Zoning: Comm
Disclosures and Reports
- Restrictions: Parking Restrictions
Listed by KW Coastal Estates, Monterey Peninsula Home Team
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Schools
Schools serving 486 Alvarado St
School District:Monterey Peninsula Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
251 Soledad Dr, Monterey, CA 93940 | K-5 | 0.9 mi | |
Walter Colton Middle School
100 Toda Vis, Monterey, CA 93940 | 6-8 | 1 mi | |
101 Herrmann Dr, Monterey, CA 93940 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 486 Alvarado St
Date
Details
Price
Change
Source
5/14/2024
Price Reduced
$3,500,000
-7.89%
MLS
2/22/2024
Price Reduced
$3,800,000
-9.52%
MLS
10/10/2023
Listed
$4,200,000
223.08%
MLS
7/08/2014
Sold
$1,300,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 486 Alvarado St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$28,064
1%
$2,310,355
2%
2022
$27,801
2%
$2,265,055
2%
2021
$27,217
4%
$2,220,643
1%
2020
$26,289
-4%
$2,197,874
2%
2019
$27,464
4%
$2,154,779
2%
2018
$26,472
7%
$2,112,530
2%
2017
$24,712
2%
$2,071,109
2%
2016
$24,320
1%
$2,030,500
2%
2015
$24,011
12%
$2,000,000
14%
2014
$21,423
2%
$1,750,000
—
2013
$21,101
—
$1,750,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 486 Alvarado St
486 Alvarado St, Monterey, CA 93940 (MLS# ML81944629) is a Industrial property. 486 Alvarado St is currently listed for $3,500,000 and was received on October 10, 2023. Want to learn more about 486 Alvarado St? Do you have questions about finding other Industrial real estate for sale in Monterey? You can browse all Monterey real estate or contact a Coldwell Banker agent to request more information.