$1,500,000
Total Views 22,986
3 Beds
2 Baths
2,633 Sq Ft
$570 Price per Sq Ft

Highlights

  • Tile Countertops
  • Tile Flooring
  • Level Lot
  • Monterey High School Rated A

About This Home

Rare opportunity to own a 4-unit mixed-use commercial and residential property in the heart of Monterey, just blocks from the Monterey Bay Aquarium, Cannery Row, and the waterfront. Two street-facing commercial units front busy Lighthouse Avenue, offering excellent visibility and foot traffic. The property also includes two residential units: a 2BD/1BA apartment above the commercial spaces with deck and off-street parking, and a detached 1BD/1BA apartment at the rear of the lot. Ideal for investors or owner-users seeking diversified income in a premier Monterey location.

Listing Agent

Monterey Peninsula Home Team

KW Coastal Estates License #70000352 Listed on: 01/27/2026

KW Coastal Estates

Co-Listing Agent

Debra Buonaguidi

Monterey Real Estate Firm License #01905625

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Home Design

  • Duplex
  • Composition Roof
  • Fiberglass Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,633 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Cooktop
  • Tile Countertops

Flooring

  • Laminate
  • Tile
  • Vinyl

Parking

  • 4 Parking Spaces
  • No Garage
  • Covered Parking
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • Level Lot
  • Wall Furnace

Community Details

Overview

  • 2,633 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $3,200
  • Insurance Expense $3,000
  • Maintenance Expense $1,000
  • Other Expense $1,000
  • Operating Expense $14,200
  • Gross Income $84,600

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Zoning: Comm
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2633
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Tile, Varies By Unit
  • Living Sq Ft: 2633
  • Stories: 2
  • Flooring: Laminate, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Fiberglass

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, No Garage, Off-Street Parking, On Street, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Description: Grade - Level
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 4800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 4800.00

Rental Info

  • Gross Rent Multiplier: 17.73
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 3000
  • Expense Landscape: 3200
  • Expense Maintenance: 1000
  • Expenses Other: 1000
  • Expenses Total: 14200
  • Income Annual Gross: 84600.00
  • Income Annual Rental: 84600
  • Income Gross Scheduled: 84600
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas, Master Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities
  • Tenant Expenses: Rent Only

Map

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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
01/27/2026 01/27/26 For Sale $1,500,000 -- $570 / Sq Ft
Source: MLSListings

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Grant Deed -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Source: MLSListings

MLS Number: ML82032663

MLSListings

APN: 001-074-002-000

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