120 Carmelito Ave, Monterey, California, United States

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Home For Sale

$2,550,000

120 Carmelito Ave
Monterey, California, United States

9bd 7ba

Listed By: Realtyww Info

Listed On: 07/19/2024

Listing ID: GL11903703 View More Details

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.

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Listed by: Jim Lowell