Remodeled Duplex with
45100 Carmel Valley Rd, Greenfield, CA 93927
For Sale
$1,100,000
Updated multifamily property with flexible living space, guest accommodations, and a substantial workshop.
Property Size2,293 SF
Lot Size4.58 Acres
Price / SF$479.72
Days on Market158
Property Features for 45100 Carmel Valley Rd
General Information
Standard status
Size
Lot size
Property subtype
Amenities
soaring living room ceilings
acoustical tiles
wood-burning fireplace
updated kitchen
high-speed internet
sauna
walk-in closet with a view
Listing Agency:
eXp Realty of California Inc
Listed By:
Eisrael Gomez · License CA #01362981
(831) 809-8266
Source:
Exprealty
Added: Jun 6
Changed: Nov 1
Last Checked: Nov 8 at 9:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty of California Inc
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Investment Insights
Based on property information with market context.
Fully remodeled duplex property on 4.58 acres, offering a 3-bedroom, 2.5-bath main residence with an office and 2,293 square feet of living space. Interior features include soaring living room ceilings, a wood-burning fireplace, updated kitchen and baths, new appliances, an island, breakfast nook, coffee bar, pantry, and a primary suite with sauna, clawfoot tub, and walk-in closet. A new $20k heat pump system and mini-split ACs provide updated climate control throughout.
The property also includes a 2-bedroom guest unit and an oversized workshop with 2 roll-up doors, supporting flexible guest, multigenerational, contractor, or work-from-home use. Outdoor improvements include a high-fenced backyard, private creekside campground with firepit, mountain and valley views, and high-speed internet. The property is 22 minutes from Greenfield and 55 minutes from Carmel and Pebble Beach via Carmel Valley Road.
The property also includes a 2-bedroom guest unit and an oversized workshop with 2 roll-up doors, supporting flexible guest, multigenerational, contractor, or work-from-home use. Outdoor improvements include a high-fenced backyard, private creekside campground with firepit, mountain and valley views, and high-speed internet. The property is 22 minutes from Greenfield and 55 minutes from Carmel and Pebble Beach via Carmel Valley Road.
Key Highlights
- Fully remodeled duplex property on 4.58 acres
- 3‑bedroom, 2.5‑bath main residence with 2, 293 sq ft and office space
- 2‑bedroom guest unit for flexible or multigenerational living
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,050
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,000
$801.0K
Cap Rate 7%
$572,143
$572.1K
Cap Rate 9%
$445,000
$445.0K
Market Conditions
NOI Build-Up for 2,293 SF
Gross rent
$58.6K $25.56/SF
− Vacancy
−$1.4K −$0.61/SF
EGI
$57.2K $24.95/SF
− OpEx
−$17.2K −$7.49/SF
NOI
$40.0K $17.47/SF
Area
Monterey County, CA
Vacancy
2.38%
Lease Rate
$25.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$801,000
Cap Rate 7%
$572,143
Cap Rate 9%
$445,000
Alternative Uses
Best Use
Multifamily LT 5
$572.1K
$500.6K – $667.5K
NOI $40,050 @ 7.0% cap · market cap 3.64%
Second Best
Apartment 5plus
$527.0K
$461.1K – $614.8K
NOI $36,889 @ 7.0% cap · market cap 3.35%
Theoretical Best
Specialty Retail
$875.5K
$766.1K – $1.02M
NOI $61,288 @ 7.0% cap · market cap 5.57%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
5
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Demographics for 93927, CA
19,976
Population
5,037
Households
4
Avg Household Size
28
Median Age
9%
College-Educated
50%
High-School Grad
210.1 sq mi
ZIP Area
95
Density / Sq Mi
$77,272
Median Household Income
$34,140
Median Earnings
$1,658
Median Rent
$463,600
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Monterey County, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Updated multifamily property with flexible living space, guest accommodations, and a substantial workshop.
Where is this duplex located?
The property is located at 45100 Carmel Valley Rd Greenfield, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully remodeled duplex property on 4.58 acres; 3‑bedroom, 2.5‑bath main residence with 2, 293 sq ft and office space; 2‑bedroom guest unit for flexible or multigenerational living
