Home For Sale In Monterey, California

house for sale

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Listed: 03/13/24

Inn by the Bay Monterey, 936 Munras Avenue, Monterey, CA 93940, USA

9 Bed:

7 Bath:

4,389 Sq Ft Living Area:

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Price

$ 2,8M

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About This House

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 approximately21, 000square feet of land and5, 000square 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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Houses for sale in Monterey

Original listing

Monterey Housing & Living

Household Income

Median household income: $73,942

Number of households: 11,726

The average household income in Monterey, CA grew from $68,511 to $73,942 in the past year. This data is an estimate based upon 11,726 households in Monterey, CA.
The chart below presents how household income is distributed in Monterey, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Monterey, CA compared to median property taxes around the country. The prevalent amount of property taxes in Monterey, CA equals $3k+ , which is more than the national average.