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120 Carmelito Avenue

Monterey, CA 93940
  • $2,550,000
  • STATUS: Active
  • ON SITE: 282 Days
  • ID#: ML81938121
Price Reduced
$2,550,000
  • 9
    BEDS
  • 0.39
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 4,389
    SQFT
  • $581
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1900
County:

School Ratings & Info

School District:
Listing Agent(s): Jim Lowell of The Agency ((424) 230-3700) and Peter Baird of Baird Partnership, Inc.(831-646-1919)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-20T00:31:01.55. 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 deemed reliable but is not guaranteed accurate by the MLS or DeBonis Homes | Coldwell Banker. Licensed in the State of California, USA.
www.debonishomes.com/homes/142367086
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120 Carmelito Avenue Monterey, CA 93940

  • Price: $2,550,000
  • Status: Active
  • On Site: 282 Days
  • ID#: ML81938121
9
Beds
7
Baths
0
½ Baths
0.39
Acres
4,389
SQFT
$581
$/SQFT
1900
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
School District:
Other
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.
Exterior Features

Attached Garage YN No Carport Spaces 1 Carport YN Yes Parking Features Off Street Parking Total 1 Property Attached YN No Roof CompositionShingle View YN No

Interior Features

Accessibility Features None Common Walls No Common Walls Cooling None Cooling YN Yes Fireplace YN No Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Garage YN Yes Listing Agreement Exclusive Right To Sell Listing Service Full Service New Construction YN No Property Sub Type Single Family Residence Sewer Public Sewer Special Listing Conditions Standard Water Source Public Zoning CO



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-05-20T00:31:01.55. 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 deemed reliable but is not guaranteed accurate by the MLS or DeBonis Homes | Coldwell Banker. Licensed in the State of California, USA.
 
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DeBonis Homes | Coldwell Banker
6809 Brockton Ave.
Riverside CA, 92506
Listing Agent(s): Jim Lowell of The Agency ((424) 230-3700) and Peter Baird of Baird Partnership, Inc.(831-646-1919)