585 Wave St, Monterey, CA 93940 Property Records

Monterey County property record for 585 Wave St, Monterey, CA 93940

Property Summary

Property Type	Motel
Details	31 bd · 31 ba · 10,781 sqft · built 1984
Lot Size	0.246 acres (10,734 sqft)
Owner	Company Name on Record
Last Sale	$1,725,000 (Nov 2016)
Tax Bill	$49,275 (2025)
Deeds & Mortgages	May 2017 Mortgage Jul 2017 Sale + 2 more
Flood Zone	Zone X (minimal risk)
APN	`001-025-001-000`

Property Details

APN / Parcel Number

Primary APN	`001-025-001-000`

Interior

Bedrooms	31 Beds
Full Baths	31 Baths
Total Rooms	62 Rooms
Units	33 Units
Stories	3 Stories
Building Area	10,781 sqft Gross Area
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1984
Effective Year Built	Effective 1984
Construction Type	Wood
Fire Resistance	Wood or Wood & Steel Frame
Lot Area	10,734 sqft (0.246 acres)

Location & Zoning

Street Address	585 WAVE ST
City	MONTEREY
State	CA
Zip	93940
Property Category	Commercial
Property Type	Commercial > Retail > Motel
Legal Description	LITTLES NEW MONTEREY LOTS 1 & 3 BLK 2
Legal Subdivision	LITTLES NEW MONTEREY
Legal Block	2
Legal Lot Number	1,3
Jurisdiction	MONTEREY CA
Township / Civil Division	SEASIDE-MONTEREY
Census Block Group	2
Census Block	2014
Census Tract	12504

Owner

Source: Monterey County records, as of August 6, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	555 ABREGO ST, MONTEREY, CA 93940-3229
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
May 4, 2017	Deed of Trust, Mortgage · Commercial Mortgage 1ST CAPITAL BANK
Jul 28, 2017	Grant Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE CO
Jul 28, 2017	Grant Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE CO
Jul 28, 2017	Grant Deed, Transfer CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Nov 14, 2016 · Amount on Record
Deed Sale	Nov 14, 2016 · Amount on Record
Deed Document Number	201669031
Prior Transfer Date	Jul 16, 1996
Prior Transfer Doc	0000042414
Record Updated	Sep 20, 2026

May 2017: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	MONTEREY CA
Property Address	585 WAVE ST, MONTEREY, CA 93940
Transaction Type	Mortgage
Record Updated	Jul 21, 2022
Title Company	CHICAGO TITLE

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000023834
Date	May 4, 2017
Instrument	2017023834

Lender

Name	1ST CAPITAL BANK
Type	Bank
Address	MONTEREY, CA 93940

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

July 2017: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MONTEREY CA
Recording Date	Jul 28, 2017
Property Address	585 WAVE ST, MONTEREY, CA 93940
Document Number	0000040364
Instrument Date	Jul 1, 2017
Instrument	40364
Transaction Type	Transfer
Record Updated	Aug 15, 2017
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

Tax	$0.00
Amount Accuracy	Full Value
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	555 ABREGO ST MONTEREY CA 939403229, MONTEREY, CA 93940-3229

July 2017: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MONTEREY CA
Recording Date	Jul 28, 2017
Property Address	585 WAVE ST, MONTEREY, CA 93940
Document Number	0000040362
Instrument Date	May 16, 2017
Instrument	40362
Transaction Type	Transfer
Record Updated	Aug 8, 2017
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

Tax	$0.00
Amount Accuracy	Full Value
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	555 ABREGO ST MONTEREY CA 939403229, MONTEREY, CA 93940-3229

July 2017: Grant Deed, Transfer

Document Type	Grant Deed
Jurisdiction	MONTEREY CA
Recording Date	Jul 28, 2017
Property Address	585 WAVE ST, MONTEREY, CA 93940
Document Number	0000040363
Instrument Date	May 16, 2017
Instrument	40363
Transaction Type	Transfer
Record Updated	Aug 9, 2017
Title Company	CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

Tax	$0.00
Amount Accuracy	Full Value
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	555 ABREGO ST MONTEREY CA 939403229, MONTEREY, CA 93940-3229

Tax Assessment & Valuation

Source: Monterey County assessment roll, as of August 6, 2026

Property Jurisdictions

Type	Name
State	California
County	Monterey County
Municipality	Monterey City
Unified School District	Monterey Peninsula Unified School District (KG - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value
2026		$4,100,440 (+2%) Land $722,491 Building $3,377,949
2025	$49,275.00 (+15.68%)	$4,020,040 (+4.04%) Land $708,325 Building $3,311,715
2023	$42,597.00 (+1.37%)	$3,863,939 Land $680,821 Building $3,183,118
2022	$42,020.00

Assessed value is set for property tax purposes and is not a market price estimate.

Flood

Source: FEMA National Flood Hazard Layer, effective July 15, 2024 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone VE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	3 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 99.1% of the US · lower than 99.2% of California
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CAL AM WATER COMPANY - MONTEREY private · serves 128,928 people · EPA ID CA2710004
Water Source	Groundwater influenced by surface water
Last State Inspection	Aug 2024
Lead	1 ppb (2026) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 113 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Razzolink Fixed Wireless	500 / 250

May also be available: AT&T, GeoLinks, Optimum, Verizon.

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