Description
Rare Investment Opportunity in Beautiful Monterey! Nestled in a peaceful and highly desirable Monterey location, this well-maintained 9-unit multifamily property presents a truly rare investment opportunity. Just a short walk to the Defense Language Institute (DLI), the Presidio of Monterey, and Larkin Elementary, the property offers both convenience and consistent rental demand in one of the most sought-after coastal communities in California. Property Features: Eight (1BD/1BA) units and One (3BD/2BA) unit. Five single-car garages and four covered carports. Ocean views from select units. Four units feature cozy fireplaces. The spacious three-bedroom unit includes a large private deck and unique architectural details. On-site coin-operated laundry facility, additional tenant and owner storage. Low-maintenance landscaping for ease of ownership. The property is located in a tranquil residential area, yet it's close to Monterey's downtown shops, dining, and coastal attractions. With its prime location, excellent unit mix, and attractive features, this property has strong income potential and consistent tenant demand. Whether you're an experienced investor or looking to add a trophy asset to your portfolio, this is your chance to own a premier multifamily property in Monterey!
-
0BEDS
-
0.22ACRES
-
0BATHS
-
01/2 BATHS
Description
Rare Investment Opportunity in Beautiful Monterey! Nestled in a peaceful and highly desirable Monterey location, this well-maintained 9-unit multifamily property presents a truly rare investment opportunity. Just a short walk to the Defense Language Institute (DLI), the Presidio of Monterey, and Larkin Elementary, the property offers both convenience and consistent rental demand in one of the most sought-after coastal communities in California. Property Features: Eight (1BD/1BA) units and One (3BD/2BA) unit. Five single-car garages and four covered carports. Ocean views from select units. Four units feature cozy fireplaces. The spacious three-bedroom unit includes a large private deck and unique architectural details. On-site coin-operated laundry facility, additional tenant and owner storage. Low-maintenance landscaping for ease of ownership. The property is located in a tranquil residential area, yet it's close to Monterey's downtown shops, dining, and coastal attractions. With its prime location, excellent unit mix, and attractive features, this property has strong income potential and consistent tenant demand. Whether you're an experienced investor or looking to add a trophy asset to your portfolio, this is your chance to own a premier multifamily property in Monterey!
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-07-14T20:34:43.54. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pometto Team Realty | Compass. Licensed in the State of California, USA.