$2,600,000

Estimated payment $16,385/month

Total Views 147
-- Bed
-- Bath
6,668 Sq Ft
$390 Price per Sq Ft

Highlights

  • Heating Available
  • Tularcitos Elementary School Rated A
  • 1-Story Property

About This Home

RARE MULTI-FAMILY INVESTMENT IN CARMEL VALLEY VILLAGE! Charming and well-maintained 7-unit property on nearly 1 acre in the heart of Carmel Valley Village. Incredible opportunity with rental income and established long-term tenants. The property includes three duplexes, one duplex with two 2-bedroom, 1-bath units approximately 834 square feet each, and two duplexes with 1-bedroom, 1-bath units approximately 685 and 705 square feet. There is also one standalone unit approximately 527 square feet, an extra storage building, and three covered carports. Excellent location near the Villages shops, restaurants, and tasting rooms. A rare investment offering charm, stability, and growth potential in one of Carmel Valleys most desirable areas.

Listing Agent

Doug Steiny

Sotheby’s International Realty License #00681652 Listed on: 10/14/2025

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1951

Lot Details

  • 0.83 Acre Lot

Home Design

  • Masonry Perimeter Foundation
  • Shingle Roof

Interior Spaces

  • 6,668 Sq Ft Home
  • 1-Story Property

Parking

  • 4 Parking Spaces
  • 6 Carport Spaces
  • Assigned Parking

Utilities

  • Heating Available
  • Septic Tank

Community Details

Overview

  • 6,668 Sq Ft Building

Building Details

  • 7 Leased Units
  • Insurance Expense $29,662
  • Maintenance Expense $3,066
  • Manager Expense $20,129
  • Other Expense $4,000
  • Utility Expense $8,964
  • Trash Expense $5,646
  • Operating Expense $94,431
  • Gross Income $171,690

Property Details

Home Type

Multi-Family

Year Built

1951

Lot Details

0

Listing Details

  • Zoning: ADR-B-6-D-S-RAZ
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 6668
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1951

Interior Features

  • Living Sq Ft: 6668
  • Stories: 1

Exterior Features

  • Foundation: Masonry Perimeter
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Room For Oversized Vehicle
  • Carport Min: 6

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Existing Septic

Lot Info

  • Lot Acres: 0.8260
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 35981.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 35981.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 14.69
  • Number Of Leased: 7

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 29662
  • Expense Maintenance: 3066
  • Expense Management: 20129
  • Expenses Other: 4000
  • Expenses Total: 94431
  • Expenses Utility: 8964
  • Expense Trash: 5646
  • Income Annual Gross: 171690.00
  • Income Annual Rental: 177000
  • Income Gross Scheduled: 177000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Accounting/Legal, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Repair, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Gas
  • Vacancy Factor: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2025 10/14/25 For Sale $2,600,000 -- $390 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82024780

MLSListings