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$3,350,000
Est. payment /mo
9,600 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82010810
HOA Y/N No
Year Built 1974
Annual Tax Amount $7,337
Lot Size 9,600 Sqft
Property Description
Rare Investment Opportunity in Beautiful Monterey! Nestled in a peaceful and highly desirable Monterey location, this well-maintained 9-unit multifamily property presents a truly rare investment opportunity. Just a short walk to the Defense Language Institute (DLI), the Presidio of Monterey, and Larkin Elementary, the property offers both convenience and consistent rental demand in one of the most sought-after coastal communities in California. Property Features: Eight (1BD/1BA) units and One (3BD/2BA) unit. Five single-car garages and four covered carports. Ocean views from select units. Four units feature cozy fireplaces. The spacious three-bedroom unit includes a large private deck and unique architectural details. On-site coin-operated laundry facility, additional tenant and owner storage. Low-maintenance landscaping for ease of ownership. The property is located in a tranquil residential area, yet it's close to Monterey's downtown shops, dining, and coastal attractions. With its prime location, excellent unit mix, and attractive features, this property has strong income potential and consistent tenant demand. Whether you're an experienced investor or looking to add a trophy asset to your portfolio, this is your chance to own a premier multifamily property in Monterey!
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning multi
Interior
Heating Fireplace(s)
Cooling None
Fireplace No
Exterior
Carport Spaces 4
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 001353036000
Security Features Fire Sprinkler System
Special Listing Condition Standard
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Listed by Bill Backus • Backus Properties
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