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 |
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Price | $2,550,000 |
Square Footage | 4,389 |
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 |
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Area | Monte Regio/Peter's Gate |
City | MONTEREY |
County | Monterey |
State | CA |
Zip Code | 93940 |
Amenities
Utilities | Public Utilities |
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Parking Spaces | 2 |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Wall Furnace |
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Cooling | No Cooling |
Fireplace | No |
Has Basement | No |
Exterior
Roof | Shingle Roof, Composition Roof |
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Foundation | Concrete Perimeter & Slab |
School Information
Attendance Zone | WALTER COLTON MIDDLE SCHOOL, MONTEREY HIGH SCHOOL, MONTE VISTA ELEMENTARY SCHOOL |
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Additional Information
Zoning | CO |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jim Lowell |
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Office | The Agency |
Office Contact | 831-902-0777 |