1230 Del Monte Ave - Apartments FOR SALE


Monterey, CA 93940
$2,000,000 USD
925-494-5430
1230 Del Monte Ave, Monterey, CA for Sale
$2,000,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

1230 Del Monte Ave
Monterey, CA 93940


HIGHLIGHTS

  • Minutes from Cannery Row
  • Investment opportunity
  • Prime location

OVERVIEW

Discover a remarkable real estate opportunity featuring a charming main house and a four-unit apartment building, ideal for both homeowners and investors. The main house boasts two spacious bedrooms and a well-appointed bathroom, offering a cozy retreat with inviting living spaces and plenty of natural light. A modern kitchen with updated appliances flows seamlessly into the living area, perfect for gatherings. The apartment building features four 1 bed, 1 bath units several of which have been recently upgraded with modern finishes. Nestled in a vibrant neighborhood, this property not only provides a comfortable home but also the potential for significant rental income, making it a versatile investment in today’s market. Close to Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte Beach, and downtown Monterey! Don’t miss the chance to own this dual-purpose gem!

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$835 USD /SF

# OF UNITS

5

PRICE/UNIT

$400,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,084 SF

ZONING

Commercial

APN/PARCEL ID

001-824-006-000,001-824-018-000

ASK ABOUT THIS PROPERTY

Loren YbarraeXp RealtyMore Info
925-494-5430

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Loren YbarraeXp RealtyMore Info
925-494-5430

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.