Home | Monterey County | Monterey | 93940 | 120 Carmelito Ave
MLS: ML81938118 | Status: Sold | Price: $2,200,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 4,389 | 0.391 | 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.
| Field | Value |
|---|---|
| MLS # | ML81938118 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Cooling | None |
| Heating | Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition, Shingle |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, On Street, Garage: 1 Car(s) |
| Elementary District | Monterey Peninsula Unified |
| High School District | Monterey Peninsula Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | CO |
| Listing Agent | Co-Listing Agent |
|---|---|
| Jim Lowell | Peter Baird |
| The Agency | Baird Partnership, Inc. |
| License #: 00883474 | License #: 00533485 |
| Phone: (831) 902-0777 | Phone: (831) 646-1919 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 7 | 6 | – |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 29, 2026. For the most current information, please contact Jim Lowell, (831) 902-0777.