---
listing_id: ML81924244
status: Closed
price: 2450000
beds: 0
baths_full: 0
baths_half: 0
sqft_living: 12061
sqft_lot: 12632
lot_acres: 0.29
year_built: 1941
property_type: Commercial Sale
property_subtype: 
address: "482 Alvarado St"
city: Monterey
state: CA
zip: 93940
county: "Monterey County"
lat: 36.598261
lng: -121.895379
days_on_market: 1085
hoa_fee: 
hoa_frequency: 
garage_spaces: 0
list_agent: "Young Seon Myong"
list_office: "Sotheby’s International Realty"
list_agent_phone: "(831) 238-4075"
list_agent_license: 01004504
mls_source: MLSL
modified: 2026-01-29
transaction_type: recentlySold
---

Home | Monterey County | Monterey | 93940 | 482 Alvarado St

482 Alvarado St, Monterey, CA 93940

MLS: ML81924244 | Status: Sold | Price: $2,450,000
Beds/Baths: – / –
Property Type: Commercial Sale

Quick Facts

Beds Baths Sq Ft Acres Lot Yr Built
12,061 0.29 1941

Remarks

The subject property located in heart of Monterey Downtown and contains retail and executive offices. This building has a two major entrances, one on Alvarado & Calle Principal, it also has an elevator and two large bathrooms. Most of tenants has been long-term. It also has private parking area on Calle Principal Street. These lease are gross Lease, owner pays all expenses, 95% are occupied. Potential for a apartment or condo development opportunity on Calle Principal Street side may request more detail through City of Monterey, and water management.

MLS Listing Information

Field Value
MLS # ML81924244
MLS Source MLSListings, Inc.

Features

Interior Features

Feature Details
Cooling Other
Heating Forced Air

Exterior Features

Feature Details
Roof Flat, Foam, Tile, Polyurethane
Foundation Slab

Parking, School, and Other Information

Feature Details
Sewer Public Sewer
Water Public
Zoning C-2

Commercial Information

Feature Details
# Buildings / # Units 1
Parking Spaces 8
Present Use Commercial
Utilities Public Utilities, Water - Public

Contact Information

Young Seon Myong
Sotheby’s International Realty
License #: 01004504
Phone: (831) 238-4075

Property Units

# Buildings # Leased Units # Total Units
1

School Ratings

School data provided by GreatSchools.org

Nearby Schools

School Type Grades Distance Rating
Monterey High School public 9-12 0.39 mi 8
Monte Vista public K-8 0.89 mi 6
La Mesa Elementary School public K-8 1.60 mi 7
Pacific Grove Middle School public 6-8 1.75 mi 8
Robert Down Elementary School public K-5 1.79 mi 7
Pacific Grove High School public 9-12 1.80 mi 10
Forest Grove Elementary School public K-5 2.00 mi 6
Community High (Continuation) School public 9-12 2.08 mi N/A
Pacific Grove Adult public UG 2.70 mi N/A
Del Rey Woods Elementary School public K-6 3.06 mi 7
Carmel High School public 9-12 3.07 mi 10
Monterey Adult/Rop public UG 3.44 mi N/A
Seaside Children's Center public UG 3.46 mi N/A
Seaside High School public 9-12 3.67 mi 6
Martin Luther King School public K-6 3.86 mi 5
Carmel Middle School public 6-8 3.87 mi 7
Monterey Peninsula Unified School District Community Day public 9-12 3.93 mi N/A
Monterey Peninsula Unified School District Community Day Middle public 6-8 3.93 mi N/A
Central Coast High School public 9-12 3.93 mi 1
Ord Terrace Elementary School public K-6 4.07 mi 3

Disclosures

©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.

Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.

This listing information is up-to-date as of January 29, 2026. For the most current information, please contact Young Seon Myong, (831) 238-4075.