$1,500,000
PENDING

Estimated payment $9,626/month

Total Views 28,609
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: UnderContract
  • 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

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/26/2026 03/26/26 Pending -- -- --
01/27/2026 01/27/26 For Sale $1,500,000 -- $570 / Sq Ft
Source: MLSListings

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Your Personal Tour Guide

Ask me questions while you tour the home.