MLS# ML81938121 – 120 Carmelito Ave, Monterey, CA 93940

$2,350,000 - 11Br/8Ba - for Sale in Monterey

Price: $2,350,000

Beds: 11

Baths: 7 full, 1 half

Living Area SqFt: 5,033

Status: Active

Property Type: Single Family Residence

Lot Size Acres: 0.48

Lot Size SqFt: 20,979

Year Built: 1900

Days on Website: 470

Courtesy of The Agency, Jim Lowell 831-902-0777

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.