Under contract
Active Under Contract
120 Carmelito Avenue
Monterey CA, 93940
$2,350,000
$535.43 per sqft
Under contract
Active Under Contract
4,389 sqft
Multi-family
Built in 1900
Listed by Jim Lowell with The Agency 831-902-0777
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.
ML81938118
MLSⓇ ID
August 11, 2023
Listed
December 16, 2024
Updated
Map
120 Carmelito Avenue
Monterey CA, 93940
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
None
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.39 Acres
Roof
Composition, Shingle
Sewer
Public Sewer
School Information
School District
Other
Other Property Details
Area Name
699 - Not Defined
Days on Market
448
Garage
Yes
Garage Spaces
1
Parking
Off Street
Parking Total
2
View
No
County
Monterey
Water Source
Public
Pool
No
Zoning
CO
Listing History
Date | Event | Price |
|---|---|---|
12/7/2024 | Under contract | — |
11/9/2024 | Price change | $2,350,000 -8% |
7/19/2024 | Active | — |
6/15/2024 | Under contract | — |
5/18/2024 | Price change | $2,550,000 -9% |
12/8/2023 | Price change | $2,800,000 -28% |
Listing Contact: (424) 230-3700
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/16/2024 at 12:47 AM UTC