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$2,350,000

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Contingent

120 Carmelito AVE Monterey, CA 93940

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Alex Tai

alex@cullinanluxury.com +1(650) 773-2321

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Home

Listing Status Contingent

Purchase Type For Sale

Square Footage 5,033 sqft

Price per Sqft $466

MLS Listing ID ML81938121

Bedrooms 11

Full Baths 7

Half Baths 1

Year Built 1900

Lot Size 0.482 Acres

Property Sub-Type Single Family Home

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

Area Monte Regio/Peter'S Gate

Zoning CO

Rooms

Family Room No Family Room

Other Rooms Office Area, Storage

Dining Room No Formal Dining Room

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Off-Street Parking, On Street

Garage Spaces 1.0

Utilities Available Public Utilities

Roof Type Composition,Shingle

Building

Foundation Concrete Perimeter and Slab

Sewer Sewer - Public

Water Public

Others

Tax ID 001-672-019-000

Security Features None

Horse Property No

Special Listing Condition Not Applicable

Listed by Jim Lowell • The Agency

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Alex Tai

Founder | License ID: 02025613

+1(650) 773-2321