For Sale
$2,800,000

942 Munras AveMonterey, CA 93940

Iconic Monterey apartment building, downtown location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents two adjacent properties located at 942 Munras Ave and 120 Carmelito Ave in Monterey, California, 93940. The combined land area totals approximately 20,979 square feet, encompassing a 5,033 square foot apartment building. This highly recognizable Monterey property boasts a prime downtown location, placing it within convenient walking distance of the city's vibrant center and the Del Monte Shopping Center. The property is zoned CO. The asking price for this unique offering is $2,800,000, translating to a price per square foot of $556.33. Owned for generations by a prominent local family, this is a rare chance to acquire a well-established asset in a highly desirable area. The properties are being sold together as a single unit, presenting a cohesive and attractive investment package. The combined APN numbers are 001-672-018 and 001-672-019. This presents a unique opportunity to acquire a piece of Monterey's history and capitalize on its thriving market. The property's strong location and established presence make it an ideal investment for discerning buyers seeking a stable and potentially high-return asset in a sought-after California coastal city.

Highlights

  • $2,800,000 asking price for this iconic Monterey multifamily property.
  • Prime downtown Monterey location, walking distance to the city center.
  • Conveniently located near the Del Monte Shopping Center.

Property Details for 942 Munras Ave

Property type
Apartment buildings
Square Feet
5,033 SF

Location Insight

City
Monterey
County
Monterey
State
California
Latitude
36.592160454949
Longitude
-121.89407609521
942 Munras Ave, Monterey, California

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942 Munras Ave
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