$ 2,350,000
120 Carmelito AVE Monterey, CA 93940
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$ 2,350,000
Est. payment /mo
Price Dropped by $200K
120 Carmelito AVE Monterey, CA 93940
4,389 SqFt
UPDATED:
11/14/2024 01:34 PM
Key Details
Property Type Multi-Family
Sub Type Multiple Dwellings / Structures
Listing Status Active
Purchase Type For Sale
Square Footage 4,389 sqft
Price per Sqft $535
MLS Listing ID ML81938118
Year Built 1900
Lot Size 0.391 Acres
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.
Location
State CA
County Monterey
Area Monte Regio/Peter'S Gate
Zoning CO
Rooms
Other Rooms Office Area, Storage
Interior
Heating Wall Furnace
Cooling None
Exterior
Garage Off-Street Parking, On Street
Garage Spaces 1.0
Utilities Available Public Utilities
Roof Type Composition,Shingle
Building
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Others
Tax ID 001-672-019-000
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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Listed by Jim Lowell • The Agency