120 Carmelito Avenue Pending

Monterey,CA 93940

$ 2350000

11 Beds

8 Baths

5033 SqFt


Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 5,033 sqft

Price per Sqft $466

MLS Listing ID ML81938121

Bedrooms 11

Full Baths 7

HOA Y/N No

Originating Board Datashare MLSListings

Year Built 1900

Lot Size 0.482 Acres

Property 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.

Location

State CA

County Monterey

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Garage Spaces 1.0

Private Pool false

Building

Water Public

Schools

School District Monterey Peninsula Unified,Monterey Peninsula Unified

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