Listed By:
Jim Lowell with The Agency - 831-902-0777
Address
120 Carmelito AVE, Monterey, CA
Price
$ 2,800,000
Property Attributes
  • MLS#ML81938118
  • TypeIncome
  • CountyMONTEREY
  • CityMonterey
  • AreaMonte Regio-Peters Gate
  • Zip93940
  • Style
  • Price$ 2,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4389
  • Lot Size0.3912 Acres
Data Source:
MLSListings Inc.
Property Description

Unique opportunity to own a two-parcel, multi-unit, estate compound in a central Monterey location. Consisting of two separate and independently parceled contiguous lots: 120 Carmelito Avenue and 942 Munras Avenue, each parcel contains individual improvements. There are 7 units in total, comprised of a 3 bedroom, 2 bath home, a two bedroom unit, 3 one bedroom units, a loft studio unit, and a stand alone commercial office. In addition, there are storage areas, parking and a workshop. The two properties offer a total of approximately 21,000 square feet of land and 5,000 square feet of improvements. Currently, 6 of the units are rented and the property is professionally managed. Owned by the same family for many years, this exceptional property is located within walking distance to downtown Monterey. The two parcels and improvements are being sold in their "As Is" present condition and are being sold together.

Price History
8/11/2023 Listed $3,850,000
12/8/2023 28% - $2,800,000

General Features

Heating Wall Furnace
Cooling None
Utilities Public Utilities
Roof Composition,Shingle
Water Public
Number of Garage Spaces 1
# of Buildings 7
Security Features None
Additional Rooms Office Area,Storage
Year Built 1900
Age 123
Property SubType Multiple Dwellings / Structures
City Limits (Y/N) Yes
Zoning Text CO
Incorporated Y/N Yes
Accessibility None
County Monterey
Property Type Residential Income (2-4 units)
Special Listing Conditions Not Applicable
Status Active
City MONTEREY
MLS Area Monte Regio/Peter's Gate
Listing Agent State License 00883474
Co-Listing Agent State License # 00533485
Co-Listing Agent Last Name Peter
Co-Listing Agent Last Name Baird

Interior Features

Living SqFt 4389

Exterior Features

Parking Features Off-Street Parking,On Street
Horse Property No
Parking Spaces 2
Lot Size Area 17043.00
Maximum Lot Size 17043.00
Sewer/Septic Sewer - Public
Meters Separate Electric,Separate Gas
Foundation Details Concrete Perimeter and Slab
Building Area Total 4389
Lot Acres 0.3912
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 93940

Price
AVG $3.06M
$2.8M
Visits
AVG 40
164
Data Provided by Inside Real Estate®
Year Built
AVG 1935
1900
Walkscore
AVG 77
77
Data Provided by Walkscore® not using MLS data