Home | Monterey County | Monterey | 93940 | 338 Watson St
MLS: ML82018507 | Status: Sold | Price: $1,425,000
Beds/Baths: 5 / 3 /1
Property Type: Residential
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| 5 | 3 /1 | 1,975 | 6,507 | 1954 |
Ocean Views, Vintage Charm & Rental Income in Old Monterey! Experience the charm of Old Monterey with this rare triplex offering ocean views and strong income potential. Set on a spacious 6,500 sq. ft. street-to-alley lot, the property features a 1,369 sq. ft. main home with 2 bedrooms and 1 bath vacant and ready for your vision. An attached 605 sq. ft. 1-bedroom, 1-bath unit rents for $1,795/month, while a detached 934 sq. ft. 2-bedroom, 2-bath unit with ocean views earns $2,450/month. A 2-car garage and flexible layout add to the appeal, making this an ideal opportunity to live in one unit while generating steady rental income or to create a dream compound. Located near the Wharf, MIIS, downtown Monterey, beaches, and all the natural beauty of the Monterey Peninsula, this is a truly special property with endless possibilities.
| Field | Value |
|---|---|
| MLS # | ML82018507 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Dining Room | Formal Dining Room |
| Family Room | Kitchen/Family Room Combo |
| Fireplace | Living Room |
| Cooling | None |
| Heating | Central Forced Air |
| Feature | Details |
|---|---|
| Roof | Other |
| Foundation | Concrete Perimeter and Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Attached Garage, Garage: 2 Car(s) |
| Elementary District | Monterey Peninsula Unified |
| High School District | Monterey Peninsula Unified |
| Sewer | Public Sewer |
| Water | Public |
| Zoning | R 3-5 |
Doug Steiny
Sotheby’s International Realty
License #: 00681652
Phone: (831) 236-7363
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Doug Steiny, (831) 236-7363.