120 Carmelito Avenue, MONTEREY, CA 93940 (MLS # ML81938118)
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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.
| LAST UPDATED | 12/7/2024 | YEAR BUILT | 1900 |
|---|---|---|---|
| GARAGE SPACES | 1.0 | COUNTY | Monterey |
| STATUS | Pending | PROPERTY TYPE(S) | Multi Family |
| PRICE HISTORY | |
| Prior to Dec 7, '23 | $3,850,000 |
|---|---|
| Dec 7, '23 - May 18, '24 | $2,800,000 |
| May 18, '24 - Nov 9, '24 | $2,550,000 |
| Nov 9, '24 - Today | $2,350,000 |
| ADDITIONAL DETAILS | |
| GARAGE | Yes |
|---|---|
| LOT | 0.3912 acre(s) |
| LOT DIMENSIONS | 17043.00 |
| PARKING | Off Street |
| SEWER | Public Sewer |
| WATER | Public |
| ZONING | CO |
TOTAL MONTHLY PAYMENT
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Based on information from MLSListings MLS as of 12/21/24 6:21 AM PST. 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.
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