Active

120 Carmelito AVE

MONTEREY CA, 93940

$2,350,000


$466.92 per sqft

Active

11 Beds

7.5 Baths

5,033 sqft

Residential

Built in 1900

Listed by The Agency, Jim Lowell, Peter Baird Listing Contact: 8319020777

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.

ML81938121

MLS ID

August 11, 2023

Listed

November 22, 2024

Updated

Map

120 Carmelito AVE
MONTEREY CA, 93940

Interior Features

Bedrooms

11


Total Bathrooms

7.5


Full Bathrooms

7


Half Bathrooms

1


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.48 Acres


Roof

Composition, Shingle


Sewer

Public Sewer

School Information

School District

Monterey Peninsula Unified

Other Property Details

Area Name

Monte Regio/Peter's Gate


Garage

Yes


Garage Spaces

1


Parking

Off Street


Parking Total

1


View

No


County

Monterey


Water Source

Public


Pool

No


Zoning

CO

Listing History

Date

Event

Price

11/9/2024

Price change

$2,350,000

-8%

7/19/2024

Active

6/15/2024

Under contract

5/18/2024

Price change

$2,550,000

-9%

12/8/2023

Price change

$2,800,000

-28%

Listed by The Agency, Jim Lowell, Peter Baird
Listing Contact: 8319020777 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Tim Allen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Tim Allen are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

©2024 MLS Listing, Inc. All rights reserved. 2024

Data last updated 4:47 AM UTC, 11/22/2024

 

 

Powered byLuxury Presence