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The cafe is in the former Monterey Herald historic building, which is over 100 years old. Constructed of Carmel stone chalkrock, the building adds to the cafe’s unique character and charm. Whether you are looking for a quick coffee on the go or a cozy spot to relax and enjoy a pastry, East Village Cafe has got you covered.

With its warm and inviting atmosphere, friendly staff, and delicious offerings, East Village Cafe has truly established itself as a beloved local institution. So why not stop by and see what all the fuss is about? You won’t be disappointed!

East Village Cafe 498 Washington St, Monterey

Sunday – Saturday

7:00 AM – 5:00 PM

https://order.online/store/east-village-cafe-1385192

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Carmel-by-the-Sea:

1. Santa Catalina School: This is an all-girls’ school offering education from kindergarten through high school. It’s known for its rigorous academics, strong arts programs, and emphasis on community service.
2. Stevenson School: Stevenson is a co-educational day and boarding school offering education from kindergarten through 12th grade. It’s known for its college preparatory curriculum and strong academic programs.

Monterey:

1. York School: It’s an independent, co-educational college preparatory school serving students from grades 8 through 12. York School emphasizes academic excellence, critical thinking, and community involvement.
2. International School of Monterey: This school provides a multicultural, multilingual education with an emphasis on language immersion, offering programs in English and Spanish.

Other Notable Nearby Schools:

1. Robert Louis Stevenson School (Pebble Beach): An extension of the Stevenson School in Carmel, it offers a high school program and is known for its college preparatory education.
2. All Saints’ Day School (Carmel Valley): A private, co-educational day school serving students from preschool through 8th grade, focusing on academic excellence and character development.
3. Chartwell School(Seaside) is a private, non-profit institution located in Seaside, California, near the Monterey Peninsula. It’s renowned for its specialized approach to education catering to students with language-based learning differences, such as dyslexia. Chartwell School’s commitment to addressing the unique needs of students with learning differences has earned it a strong reputation in the field of special education. Its specialized approach aims to empower students to reach their full potential academically and personally.

These private schools often boast small class sizes, dedicated faculty, diverse extracurricular activities, and a strong sense of community. The Monterey Peninsula and Carmel areas, being a education-focused communities, tend to have high standards for academic achievement and often provide a well-rounded educational experience for students attending these institutions.

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The term house hacking has been all over the media over the last few years due to Bigger Pockets coining the phrase, and what that means is buying a property with more than one unit and renting out the rest in order to offset your mortgage. In some housing markets, a buyer could even cash flow positive using this strategy – not so likely here on the peninsula, but never say never.

The loan limit is nearly 1.4 million on a four-plex, so for buyers looking for a 2-4 unit in Seaside, Monterey, or Pacific Grove, this will be an incredibly valuable loan product to have in your arsenal.

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Monterey County’s diverse landscape of coastal bluffs, rolling hills, and lush valleys provides a unique canvas for fall foliage. One of the most astounding places to experience the autumnal transformation is the Jacks Peak County Park. With over 8 miles of trails winding through forests of pine and oak, it’s a haven for those seeking the warm oranges and reds of the season.

Next is the Garrapata State Park. While the park is known for its stunning coastal views, the inland trails leading through redwood groves offer a spectacular display of fall colors.

Don’t miss a drive along the iconic 17-Mile Drive, which offers specific viewpoints to marvel at the autumn colors. Particularly, the stretch near Poppy Hills and Spyglass Hill golf courses becomes a photographer’s delight with trees donning vibrant fall hues.

Take a stroll through the quaint town of Pacific Grove, often referred to as “Butterfly Town, USA” due to its annual influx of Monarch butterflies in the fall. The tree-lined streets and charming Victorian-era homes become even more enchanting with the changing colors of the leaves.

If you’re looking for more secluded spots to soak in the autumn colors, be sure to venture out to the lesser-known Pfeiffer Big Sur State Park. This location is an absolute treasure during fall with its wide variety of trees, including maples and oaks, that display a breathtaking palette of oranges, reds, and yellows.

For a unique experience, try a fall foliage canoe tour on the Elkhorn Slough. The calm waters of this marine sanctuary mirror the fall colors of the surrounding vegetation, creating a truly immersive autumn experience.

In addition to the vibrant foliage, fall in Monterey brings a rich harvest season. Visit the local farmer’s markets like the one at Alvarado Street or downtown Carmel. Here you can find seasonal produce like apples, pumpkins, and squashes, and even local autumn-themed crafts.

Whether it’s hiking through the changing woods, navigating the waters of a serene slough, or enjoying the local bounties at a farmer’s market, there’s something for everyone during this magical season in Monterey.

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I’ve recently been talking with some friends who are leaving the busy San Francisco area in pursuit of homeownership closer to family. They are a young a couple, both 30. One has family in the mountains of Northern California, the other in a not-so-pricey area of Southern California. Their dream of homeownership involves two homes, one in each location of California, and it’s a unique perspective in my opinion because often times what we do as young buyers is try to buy the most expensive home we can comfortably or in many cases – uncomfortably – afford. And maybe we think about how one day we’ll hope to afford a second home, but that is so far off in the distance that it’s not getting our attention quite yet. But, not for these two. They are looking in less expensive areas of the state, certainly less than San Francisco, and are buying a much less costly home than they could qualify for on their first purchase because they intend to own two homes in the near future. These friends of mine have had success in their careers, and are fortunate to be in a strong financial position, but their foresight and strategy is what I admire about this. A few concepts come to mind with this play.

Tax Benefits

They will be moving into the first home for two years so that they can get the $500,000 capital gains exemption if they decide to sell after living in the home two of the last five years. This is a great way to build wealth as a young homeowner. If they don’t sell, they will keep it as a rental, and when they buy their home in Southern California, they can pull equity out of the first home using a cash out refinance to help with their down payment of the next home. They speculate that maybe by that time, rates will be lower, which would be great for a cash out refi. This brings us to rental possibilities.

Rental Potential

The location of their first home in Norcal will be a quick walk from a very popular downtown neighborhood in the mountains where you can wine taste, eat at great restaurants, and shop. This will make for an excellent short term rental, so when they remodel it, they’ll do it with the intent to eventually use it as a vacation rental. One exciting thing they are considering, since they have family close by, is renting it out once a month while they stay with family nearby to offset their mortgage payment. I love creative ways of making real estate work, and if they really want to take it to the next level, they can self manage the vacation rentals to qualify as real estate professionals even though they are W-2 earners, which would give them access to incredible tax benefits such as depreciation, bonus depreciation, cost segregation studies, and more.

Lifestyle

Having a home near each side of the family is an exciting path for these buyers and I like the way they are creating a plan with both lifestyle and financial considerations top of mind. Each of these locations are very close to airports, so they can hop back and forth, and with modern technology, the vacation rental aspect of this plan can be managed remotely wherever they want to be. It’s an exciting time to be making real estate investments.

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When buyers ask me about adjustable rate mortgages, we review two term periods – the 5/1 and the 10/1. In the 5/1, the rate is fixed the first 5 years of ownership before adjusting to the market. In the 10/1, the rate is fixed the first 10 years before adjusting to the market. I very much prefer a 10 year horizon to a 5 year horizon in a volatile rate market like we’ve seen the last year and a half, so if I were getting an ARM right now, that is the product I would go with.

If you have questions about different loan products and creative financing, we are happy to talk further!

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