40
See all 40 photos
$2,350,000
Est. payment /mo
4,389 SqFt
Active Under Contract
120 Carmelito AVE Monterey, CA 93940
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UPDATED:
12/07/2024 11:54 PM
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,389 sqft
Price per Sqft $535
MLS Listing ID ML81938118
HOA Y/N No
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 699 - Not Defined
Zoning CO
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Off Street
Garage Spaces 1.0
Carport Spaces 1
Garage Description 1.0
View Y/N No
Roof Type Composition,Shingle
Accessibility None
Total Parking Spaces 2
Building
Sewer Public Sewer
Water Public
Schools
School District Other
Others
Tax ID 001672019000
Special Listing Condition Standard
Listed by Jim Lowell • The Agency