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1230 Del Monte Ave

5 Unit Block of Flats £1,580,020 (£316,004/Unit) Monterey, CA 93940

Investment Highlights

  • Minutes from Cannery Row
  • Prime location
  • Investment opportunity

Executive Summary

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!

Property Facts

Price £1,580,020
Price Per Unit £316,004
Sale Type Investment
No. Units 5
Property Type Residential
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.23 AC
Building Size 2,396 SF
Number of Floors 2
Year Built 1930

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 £1,541 280
2+1 1 £2,145 674
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 001-824-006-000
  • 001-824-018-000
Land Assessment
£724,302
Improvements Assessment
£321,912
Total Assessment
£1,046,214

zoning

Zoning Code Commercial (Apartment House 5+ Units)
Commercial (Apartment House 5+ Units)
  • Listing ID: 33719346

  • Date on Market: 01/11/2024

  • Last Updated:

  • Address: 1230 Del Monte Ave, Monterey, CA 93940

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