120 Carmelito Avenue
Monterey, CA 93940

  • – beds
  • – baths
  • – sqft
  • ~1/2 acre lot
  • 1900 build
  • on site

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.

California Regional MLS logo Listed By CRMLS_CA / Jim Lowell / The Agency

Last checked: Checking… • Last updated May 13, 2024 •

MLS# ML81938118 —

This property is listed in more than one place. See it here, and here, and here, and here, and here.

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Sale history

Date Event Source Price % Change
12/7/23
Price Changed CRMLS_CA $2,800,000 -27.3%
8/11/23
Listed / Active CRMLS_CA $3,850,000

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Multifamily For Sale

$2,800,000

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Listing provided by broker:

Jim Lowell

The Agency

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This multifamily located in Monterey Vista, Monterey, CA 93940 is currently for sale for $2,800,000. 120 Carmelito Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 277 days. 120 Carmelito Avenue is in the Monterey Vista neighborhood of Monterey and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Monterey High School, Monte Vista Elementary School, and Walter Colton Middle School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and The Agency. Based on information from California Regional Multiple Listing Service, Inc. as of 23:57 on May 13.

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