W Franklin Street Monterey, CA ^$ 1,795,000

W Franklin Street

^$ 1,795,000

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W Franklin Street

Monterey, CA, 93940

^$ 1,795,000

Bedrooms3 Baths2.1 Sq 1,744

Monthly Estimate*

^$ 11,198

Listed by Carmel Realty Company

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Single Family Home for sale in Monterey, CA

for $1,795,000 with 3 bedrooms and 2 full baths, 1 half bath. This 1,744 square foot home was built in 1932 on a lot size of 0.2074.

FIRST TIME ON THE MARKET IN 26 YEARS... In Old Town Monterey, two homes thoughtfully sited as neighboring residences on a large 9,035sf lot with separate PG&E meters and yards too. Together they offer great potential whether an investment property or owner-occupied with a rental. A historic English Tudor Revival residence, 541 is two stories with a striking high pitched wood vaulted ceiling Great Room that curves above the Dining area with bay windows, 1,181sf, 2 Beds, 1.5 Baths and one car garage. Built in 1950, 539 has a character of its own, also with a vaulted wood ceiling Great Room and wood walls too, a cozy 563sf 1 Bed, 1 Bath and large front patio. A block up from Monterey's historic downtown, walking distance to restaurants and shops, Monterey Bay, the wharf, and all the City of Monterey has to offer.

Single Family Active

Price

^$ 1,795,000

Bedrooms

Full Bath

Half Bath

Property Type

Single Family

Taxes

^$ 0

Style

Lot Size

0.2074

Year Built

1932

Town/City

Monterey

County/Region

Monterey

MLS | Web ID

ML82024051

Days on Market

Features

General

Living Area 1744

Heating Floor Furnace Wall Furnace

Cooling None

Possession Negotiable

Roof Composition

Zoning R 3-6

Garage Spaces 1

Year Built 1932

Property Subtype Single Family Residence

County Monterey

New Construction false

Property Type Residential

HOA false

Attached Garage true

Garage Y/N true

Full Baths 2

Special Listing Conditions Standard

Status Active

Directions Cross Street: Van Buren Street

City Monterey

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 9035

Property Attached Y/N false

Standard Status Active

Year Built Source Assessor

Virtual Tour https://www.541and539WFranklinMonterey.com

Property Sub Type Additional Single Family Residence

Interior

Fireplace Features Living Room Wood Burning

Common Walls No Common Walls

Air Conditioning Y/N true

Heating Y/N true

Fireplace Y/N true

Half Baths 1

Laundry Features In Garage

Total Bedrooms 3

Total Baths 3

Exterior

Parking Features Off Street

Water Source Public

Total Parking 2

Lot Size Area 9035

Lot Size Acres 0.2074

Lot Size Source Assessor

* Excluded Features

List By

Carmel Realty Company

Broker

judy@carmelrealtycompany.com

Affordability Calculator

$11,198

Per Month

Monthly Principal & Interest: $11,198
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Single family listings in Monterey, CA

Average List Price ^$1,820,524

Percent of Sale Price 1%

About Monterey, CA

29,815 Population

2% Since 2002

^$74,167 Median Income

38.42 Median Age

20% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/21/2025	$1,795,000		Listed Price

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W Franklin Street, Monterey, CA, 93940 is a Single Family Home for sale at $1,795,000 with 1,744 sqft and a lot size of 0.2074. W Franklin Street has 3 bedrooms, 2.1 baths, and was built in 1932. The property's zip code is 93940 which is in Monterey, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/14/2025. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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W Franklin Street

Single Family Home for sale in Monterey, CA

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