120 Carmelito Ave, MONTEREY, CA

$2,550,000

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9

Beds

7

Baths

4,389

Square feet

0.39

Acres

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® # ML81938121
Price $2,550,000
Bedrooms 9
Bathrooms 7.00
Full Baths 7
Square Footage 4,389
Acres 0.39
Year Built 1900
Type Single Family Residential
Sub-Type Detached Single Family
Status Contingent

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 1
Garages On Street, Off Street Parking, 1 Car Garage
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No
Has Basement No

Exterior

Roof Composition Roof, Shingle Roof
Foundation Concrete Perimeter & Slab

School Information

Attendance Zone WALTER COLTON MIDDLE SCHOOL, MONTEREY HIGH SCHOOL, MONTE VISTA ELEMENTARY SCHOOL

Additional Information

Zoning CO
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJim Lowell
OfficeThe Agency
Office Contact831-902-0777

Listing Map

Listing Schools/Amenities

Listing Price, Sale, & Status History

Status Changed from Active to Contingent
Price Reduced from $2,800,000 to $2,550,000