Thank you
Jim Lowell
The Agency
424-230-3700
Unique opportunity to own a multi-parcel, multi-unit, estate compound in a central Monterey location. Consisting of three separate and independently parceled contiguous lots: 120 Carmelito Avenue, 942 Munras Avenue and 141 El Dorado Street, each parcel contains individual improvements. There are 9 units in total, comprised of a 3 bedroom, 2 bath home, a two bedroom unit, one bedroom units, studio units, and a stand alone commercial office. In addition, there are storage areas, parking and a workshop. The three parcels offer a total of approximately 31,832 square feet of land and 6,035 square feet of improvements. Currently, 8 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 three parcels and improvements are being sold in their "As Is" present condition and are being sold together. Individual parcels will not be sold without the others.
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Total Bedrooms : 9
Total Baths: 7
Full Baths: 7
Water Source : Public
Sewer : Public Sewer
Roof : Composition,Shingle
None
Air Conditioning
Wall Furnace
Has Heating
Has Fireplace: 0
Year Built: 1910
Roof: Composition,Shingle
None
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.3913
Lot Size Source: Assessor
Lot Size Square Feet: 17043
Original List Price: 3,850,000
Listing Contract Date: 2023-08-11
Listing Agreement: Exclusive Right To Sell
Parcel Number: 001672019000
Garage Description: Off Street
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: 699 - Not Defined
Directions: Cross Street: Munras Avenue
Zoning: CO
Source Property Type: Residential
Area: 699 - Not Defined
Property SubType: Single Family Residence
Property Age: 114
Common Walls: No Common Walls
Structure Type: Single Family Residence
Year Built Source: Other
Total Square Feet Living: 4389
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
7567 Paseo Vista, Monterey, CA,93940 | $1,499,000 | -- | -- | -- | 144619 Sqft |
7415 Alturas Court, Monterey, CA,93940 | $619,000 | -- | -- | -- | 138085 Sqft |
120 Carmelito Avenue, Monterey, CA,93940 | $3,850,000 | -- | -- | 4,389 | 17043 Sqft |
1430 Munras Avenue, Monterey, CA,93940 | $950,000 | 2 | 2 | 1,148 | 9583 Sqft |
202 Pasadera Drive, Monterey, CA,93940 | $895,000 | -- | -- | -- | 55196 Sqft |
116 Via Del Milagro, Monterey, CA,93940 | $4,595,000 | 5 | 5 | 6,768 | 27190 Sqft |
414 Del Rosa Avenue, Monterey, CA,93940 | $742,000 | 2 | 1 | 1,121 | 6098 Sqft |
31 Via Castanada, Monterey, CA,93940 | $1,150,000 | 3 | 3 | 1,664 | 9148 Sqft |
Surf Way #222, Monterey, CA,93940 | $1,395,000 | 2 | 2 | 1,123 | -- |
1190 7th Street, Monterey, CA,93940 | $1,685,000 | 4 | 2 | 1,828 | 4000 Sqft |
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ByOwner last updated this listing 05/15/2024 @ 20:38
MLS: ML81938121
LISTED BY: Jim Lowell, The Agency
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.