Commercial: MLS #ML82058850 Monterey, CA ^$ 1,500,000

Commercial: MLS #ML82058850

^$ 1,500,000

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Commercial: MLS #ML82058850

Name: address
Address: CA, 93940

Monterey, CA, 93940

^$ 1,500,000

Bedrooms-- Baths-- Sq 2,681

Monthly Estimate*

^$ 9,471

Listed by Redfin

Commercial Property for sale in Monterey, CA

for $1,500,000. This 2,681 square foot building was built in 1955 on a lot size of 0.1389.

.Excellent investment opportunity in a centrally located Monterey neighborhood! This five-unit- apartment property is conveniently situated on Ramona Avenue, just off Fremont Street, with easy access to shopping, dining, transportation, and all that the Monterey Peninsula has to offer. All five units are approximately the same size and are currently occupied. Each unit was updated in 2018 each unit is 1 bd with 1 bath, fresh interior paint, remodeled kitchens, and updated flooring. The property also offers plenty of on-site parking for residents. A wonderful opportunity to own a fully occupied five-unit investment property in a desirable and convenient Monterey location.

Commercial Active

Price

^$ 1,500,000

Property Type

Commercial

Taxes

^$ 22,000

Style

Lot Size

0.1389

Year Built

1955

Town/City

Monterey

County/Region

Monterey

MLS | Web ID

ML82058850

Days on Market

Features

General

Heating Central

Cooling None

Roof Shingle

Zoning R-1

HOA Fee 0

Year Built 1955

County Monterey

Insurance Expense 300

Property Type Commercial Sale

MaintenanceExpense 0

Special Listing Conditions Standard

Status Active

Directions Cross Street: Fremont Blvd.

City Monterey

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 6050

Carport Spaces 0

Tax Annual Amount 22000

Trash Expense 200

Standard Status Active

Occupancy Type Tenant

Year Built Source Assessor

Interior

Air Conditioning Y/N true

Heating Y/N true

Laundry Features None

Total Baths 0

Exterior

Total Parking 1

Lot Size Area 6050

Number of Buildings 1

Building Area Total 2681

Lot Size Acres 0.1389

Lot Size Source Other

* Excluded Features

List By

Redfin

Broker

vanessahaven@yahoo.com

Affordability Calculator

$11,304

Per Month

Monthly Principal & Interest: $9,471
Monthly Property Taxes: $1,833
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% 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

Commerical listings in Monterey, CA

Average List Price ^$3,093,571

Percent of Sale Price 106%

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
9/1/2026	$1,500,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% 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 9/4/2026. 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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Commercial: MLS #ML82058850

Commercial Property for sale in Monterey, CA

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