About 120 Carmelito Ave
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.
Features of 120 Carmelito Ave
| MLS® # | ML81938118 |
|---|---|
| Price | $2,550,000 |
| Square Footage | 4,389 |
| Square Footage | Other |
| Acres | 0.39 |
| Year Built | 1900 |
| Type | Multi-Residential |
| Sub-Type | Mixed Use or Other Multi-Unit |
| Status | Active |
Community Information
| Address | 120 Carmelito Ave |
|---|---|
| Area | Monte Regio/Peter's Gate |
| City | MONTEREY |
| County | Monterey |
| State | CA |
| Zip Code | 93940 |
Amenities
| Utilities | Public Utilities |
|---|---|
| Parking Spaces | 2 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
Exterior
| Roof | Shingle Roof, Composition Roof |
|---|---|
| Foundation | Concrete Perimeter & Slab |
Additional Information
| Zoning | CO |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Jim Lowell |
|---|---|
| Office | The Agency |
| Contact Info | 831-902-0777 |