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39
Photos
120 Carmelito Avenue, Monterey, CA 93940
$2,550,000 Asking Price
$---/mo Est. Payment Get Prequalified »
9
beds
7
baths
4,389
sqft
Built in
1900
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.
Features & Amenities
Interior
- A/C:
- true, None
- Heating:
- true, Wall Furnace
- Disability Feature:
- None
Exterior
- Parking:
- Off Street, Parking spaces: 1
Construction
- Roofing:
- Composition,Shingle
Location
- Originating MLS:
- CRMLS
- School District:
- Other
- County:
- Monterey
Lot
- Zoning:
- CO, 001672019000
Utilities
- Water:
- Public
- Sewer:
- Public Sewer
Financial
- Source:
- CRMLS
This listing courtesy of:
The Agency, Jim Lowell
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Monterey, CA
Housing
- Number of Units
- 15,767
- Median Home Value
- $824,536
- Median Rent
- $1,790
59.42% of housing units are renter occupied.
9.79% are vacant.
Commute
- Car
-
55.78%
- Public Transportation
-
1.30%
- Walk to Work
-
4.44%
- Work from Home
-
36.58%
- Other
-
0.44%
The median travel time to work is 13 minutes.
People
- Population
- 32,988
- Median Age
- 41.50
- Median Household Size
- 2.29
Education
- High School
-
10.52%
- Associate’s Degree
-
9.66%
- Bachelor’s Degree
-
29.10%
- Graduate Degree
-
24.47%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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