120 Carmelito Avenue

Monterey, CA 93940

PRICE REDUCED

arrow_downward
-$1,300,000 (-33.77%)

$2,550,000

List Price

11

bed Beds

8

shower Baths

5,033 sqft

straighten / sqft

1900

calendar_month Built

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.

Listing Information

List Price $2,550,000
Status Active
MLS ML81938121
Type Residential
Subtype Single Family Residence
Year Built 1900
Lot Size 20,979
Structure Size 5,033
DOM 332
Courtesy Of The Agency
Listing Agent Jim Lowell DRE#00883474
Co-Listing Agent Peter Baird DRE#00533485

Interior Features

Total Bedroom
Bedrooms 11
Total Bathroom
Bathrooms 8
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Jim Lowell, Peter Baird, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.