Great investment opportunity to own a a tri-plex in a highly desirable rental area. Blessed with a great location that is close to NPS and downtown vacancies do not last long. Each unit has it's own garage. All apartments have washer dryer hookups and are on separate water meters. This property has been maintained well and will provide steady income.
Welcome to 786 Pine St. in New Monterey, where coastal living meets modern convenience! This charming Craftsman single-family home, remodeled in 1992, boasts a unique split-level floor plan spanning 2,116 square feet, offering a comfortable and spacious retreat. Enjoy breathtaking panoramic views of the serene Monterey Bay right from your windows, providing a daily dose of coastal tranquility. Nestled in close proximity to vibrant shops, delectable restaurants, and the renowned Monterey Aquarium, convenience and leisure are at your doorstep. But that's not all this property also features three additional 1 bed 1 bath units, meticulously reconstructed in 2008. Whether you're seeking extra income potential as an investor or envisioning a multigenerational haven, this versatile setup caters to your needs. Embrace the allure of passive income while savoring the joys of coastal living. With endless possibilities awaiting, seize the opportunity to make this your new home today! Schedule a private showing to explore the lifestyle and investment potential that awaits you on the Monterey Peninsula. (Combined total sq footage = 3,348)
The Chappell House, a charming historic property, stands as a testament to craftsmanship and community. Constructed circa 1939 by James A. "Jim" Chappell and his wife, Mary, this unique triplex offers a glimpse into the past. The Chappell House stands as a living legacy triplex that weaves together family ties, architectural excellence and the allure of coastal views. Its walls echo stories of collaboration, love and the enduring beauty of Monterey. This unique property offers an upstairs unit with two bedrooms and one bathroom with spectacular views of the Monterey Bay and Santa Cruz. Imagine waking up to breathtaking vistas every morning! The downstairs separate units offer one bedroom, and one studio with one bathroom each. The Chappell House can be purchased separately for $2.8 million. 786 Pine Street. (APN#001-123-023-000) can be purchased for $3 million. This property offers three (3) bedrooms and two (2) bathrooms. Beautiful expansive views as well. A retreat that combines comfort with breathtaking scenery. Additionally, 786 1/2 offers three (3) one-bedroom, one-bath units (Reconstructed in 2008). Ideal for additional investor income and/or multi generational use. 6 blocks to Canary Row, Monterey Bay Aquarium. Once in a lifetime opportunity awaits you!
Attention 1031 exchangers, investors or even second home searchers!!! Here is a rare opportunity to own a unique New Monterey 4 unit apartment complex with a spacious apx 1934 SF penthouse on top featuring expansive views of Monterey Bay and city lights. Also rare is the fact that all 4 units have been remodeled with updated flooring, countertops, stainless steel appliances, new windows, sliding glass doors, and paint inside and out. The penthouse boasts 3 bedrooms and 2.5 baths including a primary suite, open beam ceilings and a wall of windows facing the Monterey Bay. There is a fireplace in the roomy living room, plus a dedicated dining room, ample kitchen, a dedicated laundry room and an apx. 151 SF deck. Below is a roughly 913 SF 2 bed, 1 bath unit and an approximately 714 SF 1 bed, 1 bath unit, both with bay views. Lastly, is an apx 978 SF 2 bedroom, 1.5 bath, townhouse style unit with the living space below and the bedrooms above w/ a private backyard. In total there is over 4500 SF of living space! Other amenities include 4 car garage, a community laundry room, a large storage area, several decks and new insulated top of the line garage doors. What a great opportunity to keep one for yourself and rent the rest out!
Courtesy: Coldwell Banker Realty
831-626-2224
Live in the heart of everything with this amazing opportunity waiting for you. You get two homes for the price of one, close to all the things you love about Monterey. Just one block to the walking path, two blocks to Cannery Row, and four blocks to the Wharf. The homes sit on a 7,000 square foot lot with over 1,900 square feet of living space. One home offers 3 bedrooms, 2 bath plus an office, while the other has 1 bedroom, 1 bath, both with laundry areas, kitchens, and that cozy Monterey vibe. Dont miss out on this great investment opportunity its waiting for its next buyer to make it their own!
Live in the heart of everything with this amazing opportunity waiting for you. You get two homes for the price of one, close to all the things you love about Monterey. Just one block to the walking path, two blocks to Cannery Row, and four blocks to the Wharf. The homes sit on a 7,000 square foot lot with over 1,900 square feet of living space. One home offers 3 bedrooms, 2 bath plus an office, while the other has 1 bedroom, 1 bath, both with laundry areas, kitchens, and that cozy Monterey vibe. Dont miss out on this great investment opportunity its waiting for its next buyer to make it their own!
Courtesy: Coldwell Banker Realty
Monterey triplex near the Pacific Ocean, downtown Monterey, Fisherman's Wharf, Cannery Row, and the Middlebury Institute of International Studies (MIIS). Top floor unit is perfect for an owners unit or second home. This unit has two bedrooms / one bathroom and ocean views. There are two rooms accessed from the kitchen - the first room can function as a third bedroom, home office, storage, exercise room, or other uses. The second room has a window with an wide ocean view, Del Monte Beach white water surf, and can be used as a home office or other uses. The bottom two units are both one bedroom / one bathroom units with potential rent upside - market rents are $2100 per month. Also, both downstairs units may be delivered vacant at the close of escrow. Based on a discussion with MPWMD, there may be enough water credits to construct an ADU.
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.
Monterey is located in California. Monterey, California has a population of 28,671. Monterey is less family-centric than the surrounding county with 32.19% of the households containing married families with children. The county average for households married with children is 36.56%.
The median household income in Monterey, California is $73,942. The median household income for the surrounding county is $63,249 compared to the national median of $57,652. The median age of people living in Monterey is 37.9 years.
The average high temperature in July is 66.7 degrees, with an average low temperature in January of 42.2 degrees. The average rainfall is approximately 21.9 inches per year, with 0 inches of snow per year.
