Listing provided courtesy of Jim Lowell of The Agency. Last updated 2024-11-06 09:11:25.000000. Listing information © 2024 Sandicor.
Asking Price: $2,550,000
120 Carmelito, Monterey CA 93940
Community: 699 - Not Defined
This Mixed Use property was built in 1900 and is priced at $2,550,000. Please see the additional details below.
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.
