883 Lighthouse Avenue Monterey, CA ^$ 1,500,000

883 Lighthouse Avenue

^$ 1,500,000

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Recently Listed

883 Lighthouse Avenue

Monterey, CA, 93940

^$ 1,500,000

Studio Baths0.0 Sq 2,633

Monthly Estimate*

^$ 9,236

Listed by KW Coastal Estates

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Studio

Multi-Family Home for sale in Monterey, CA

for $1,500,000. This 2,633 square foot home was built in 1966 on a lot size of 0.1102.

Very unique opportunity to own a freestanding mixed-use property in the heart of Monterey. This charming 1960s-era building features a ground-level commercial component with a retail storefront and hair salon, along with two residential apartments. Above the main building is a spacious two-bedroom, one-bath apartment, while the rear of the property offers a large, detached one-bedroom, one-bath apartment, providing excellent flexibility for owner-users or investors. Owned by the current seller since the 1990s, the property reflects decades of pride of ownership and character. Ideally located just a couple of blocks from the Monterey Bay Aquarium, adjacent to Starbucks, and within the heart of the revitalized Lighthouse Avenue business district, this is a rare chance to own a true piece of Monterey.

Multi-Family Active

Price

^$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 6,000

Style

Lot Size

0.1102

Year Built

1966

Town/City

Monterey

County/Region

Monterey

MLS | Web ID

ML82032663

Days on Market

Features

General

Living Area 2633

Sewer Public Sewer

Heating Wall Furnace

Cooling None

Possession Close Of Escrow

Roof Composition Fiberglass Other

Appliances Gas Cooktop

Zoning Comm

Garage Spaces 0

Year Built 1966

Property Subtype Duplex

Accessibility None

County Monterey

Insurance Expense 3000

Property Type Residential Income

HOA false

MaintenanceExpense 1000

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions Cross Street: David Ave

City Monterey

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 4800

Carport Spaces 0

Tax Annual Amount 6000

Trash Expense 0

Virtual Tour https://sites.lenstate.com/883-Lighthouse-Ave/idx https://sites.lenstate.com/883-Lighthouse-Ave

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Property Sub Type Additional Duplex

Cap Rate 4.69

Interior

Flooring Laminate Tile

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Parking Features Off Street

Lot Features Level

Total Parking 4

Lot Size Area 4800

Number of Buildings 2

Building Area Total 2633

Lot Size Acres 0.1102

Lot Size Source Assessor

* Excluded Features

List By

Kw Coastal Estates

Broker

mark.bruno@mphtre.com

Affordability Calculator

$9,736

Per Month

Monthly Principal & Interest: $9,236
Monthly Property Taxes: $500
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% 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

Multi-family listings in Monterey, CA

Average List Price ^$1,657,714

Percent of Sale Price 11%

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
1/27/2026	$1,500,000		Listed Price

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883 Lighthouse Avenue, Monterey, CA, 93940 is a Multi-Family Home for sale at $1,500,000 with 2,633 sqft and a lot size of 0.1102. 883 Lighthouse Avenue is a studio with 0.0 baths and was built in 1966. 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 6.25% 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 1/29/2026. 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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883 Lighthouse Avenue

Multi-Family Home for sale in Monterey, CA

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