120 Carmelito Ave
Monterey, CA 93940Sale Price
$2,800,000
Property Type
Multi-Family
Beds
0
Baths
0
Property Description
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.
Agent Information
Broker Associate
(831) 902-0777
jim.lowell@theagencyre.com
License: California DRE #00883474
The Agency
Outside Listing Agent
Peter Baird
License: DRE #00533485
Baird Partnership, Inc.
Property Specifics
Property Type:
Multi-Family
Estimated Sq. Foot:
4,389
Lot Size:
0.39 ac.
Price per Sq. Foot:
$638
Building Units:
N/A
Building Stories:
N/A
Pet Policy:
N/A
MLS ID:
ML81938118
Source Status:
Active
Also Listed By:
Bay East and Contra Costa MLS: ML81938118
Building Amenities
N/A
Unit Amenities
Wall Furnace
On Street
Parking
Carport
Location & Transportation
Other Property Information
Summary
General Information
- Year Built: 1900
School
- MLS Area Major: Monte Regio/Peter's Gate
Parking
- Total Parking Spaces: 2
- Parking Features: Off-Street Parking, On Street
- Carport: Yes
- Carport Spaces: 1
- Garage: Yes
- Garage Spaces: 1
Interior and Exterior Features
Interior Features
- Living Area: 4,389 sq. ft.
Exterior Features
- Roof: Composition, Shingle
- Security Features: None
Structure
- Accessibility Features: None
- Foundation Details: Concrete Perimeter and Slab
Property Information
Lot Information
- Zoning: CO
- Lot Size: 17,043
Utilities
- Utilities: Public Utilities
- Cooling: None
- Heating: Wall Furnace
- Water Source: Public
- Sewer: Sewer - Public
Estimated Monthly Payments
Monthly Total
$13,430
Monthly Taxes
N/A
Interest
6.00%
Down Payment
20.00%
Mortgage Calculator
Monthly Mortgage Cost
$13,430
Monthly Charges
$0
Total Monthly Payment
$13,430
Calculation based on:
Price:
$2,800,000
Charges:
$0
* Additional charges may apply
Similar Listings
Building Information
Building Name:
N/A
Property Type:
Multi-Family
Building Type:
N/A
Pet Policy:
N/A
Units:
N/A
Stories:
N/A
Built In:
1910
Sale Listings:
1
Rental Listings:
0
Land Lease:
No
Based on information from the MLSListings. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2024 MLSListings Inc. All rights reserved.
Last checked: May 3, 2024, 3:19 AM UTC