120 Carmelito Avenue
Monterey, CA 93940
4389 sqft | 0.39 acres | #ML81938118
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.
Property Details
- Date ClosedJanuary 25, 2025
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- Original List Price$3,850,000
- MLS #ML81938118
- MLS #ML81938118
- CountyMonterey
- Property SubtypeMixedUse
- Cost2350000
- Acres0.3913
- Utility SourcePublic
- School DistrictOther
- Square Feet4389
- Year Built1900
- Taxes Annual$0
- Parking Spaces1
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Jim Lowell (#ML5088620)
Listing Office: The Agency (#ML5012193)
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