Ideally located on a large corner lot just blocks from the bay, Cannery Row, Monterey Bay Aquarium, restaurants, shopping, the scenic recreation trail, public transportation and more. Built by the current owner's family in 1987, this is the first time this property has been on the market. The foundation of the building is a reinforced concrete carport with 5+ parking spaces and storage for each unit. The apartments are on the second level, taking advantage of the bay views. This fully occupied fourplex has a strong rental history making it an excellent investment and key asset for your portfolio.
Pending
$1,600,000
700 David Ave, Monterey, CA 93940
4beds
4baths
2,235sqft
Quadruplex, Residential Income
Built in 1987
-- sqft lot
$1,506,000 Zestimate®
$716/sqft
$-- HOA
What's special
Large corner lotBay views
- 80 days |
- 291 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Jeannie Ferrara 01464647 831-236-1111,
Coldwell Banker Realty 831-626-2222,
Joanne Garden 00978911 831-595-2355,
Coldwell Banker Realty
Source: MLSListings Inc,MLS#: ML82043619
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Kitchen
- Features: Countertop_Formica
Heating
- Electric
Cooling
- None
Appliances
- Included: Electric Cooktop, Dishwasher, Disposal, Electric Oven, Refrigerator, Washer/Dryer
Features
- Flooring: Carpet, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 2,235
- Total interior livable area: 2,235 sqft
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Carport, Enclosed, Guest, Off Site, Off Street
- Carport spaces: 5
Accessibility
- Accessibility features: None
Features
- Stories: 2
- Has view: Yes
- View description: Bay, City Lights, Hills, Mountain(s), Ocean
- Has water view: Yes
- Water view: Bay,Ocean
Lot
- Size: 6,098 Square Feet
Details
- Parcel number: 001087005000
- Zoning: R-3-5
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Contemporary
- Property subtype: Quadruplex, Residential Income
Materials
- Concrete
- Foundation: Slab, Reinforced Concrete
- Roof: Composition
Condition
- Year built: 1987
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public, Individual Electric Meters, Individual Gas Meters
Community & HOA
Location
- Region: Monterey
Financial & listing details
- Price per square foot: $716/sqft
- Tax assessed value: $304,990
- Annual tax amount: $17,600
- Date on market: 4/18/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Building, DishwasherAllUnits, OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
$1,506,000
$1.43M - $1.58M
$4,215/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Pending sale | $1,600,000$716/sqft |
Source:  MLSListings Inc #ML82043619 Report a problem | ||
| 6/12/2026 | Contingent | $1,600,000$716/sqft |
Source: MLSListings Inc #ML82043619 Report a problem | ||
| 5/18/2026 | Listed for sale | $1,600,000$716/sqft |
Source: MLSListings Inc #ML82043619 Report a problem | ||
| 4/29/2026 | Contingent | $1,600,000$716/sqft |
Source: MLSListings Inc #ML82043619 Report a problem | ||
| 4/18/2026 | Listed for sale | $1,600,000$716/sqft |
Source: MLSListings Inc #ML82043619 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,174 +9.3% | $304,990 +2% |
| 2024 | $3,818 +11.6% | $299,010 +2% |
| 2023 | $3,422 +1.4% | $293,148 +2% |
| 2022 | $3,376 +1.4% | $287,401 +2% |
| 2021 | $3,329 +3.7% | $281,767 +1% |
| 2020 | $3,211 -4.3% | $278,879 +2% |
| 2019 | $3,354 +3.8% | $273,412 +2% |
| 2018 | $3,230 +7.5% | $268,052 +2% |
| 2017 | $3,006 +1.7% | $262,797 +2% |
| 2016 | $2,955 +3.1% | $257,645 +1.5% |
| 2015 | $2,865 | $253,776 +2% |
| 2014 | $2,865 | $248,805 +2.5% |
| 2012 | -- | $242,827 +2% |
| 2011 | -- | $238,067 +0.8% |
| 2010 | -- | $236,289 -0.2% |
| 2009 | -- | $236,852 +2% |
| 2008 | -- | $232,209 +2% |
| 2007 | -- | $227,656 +2% |
| 2006 | -- | $223,193 +2% |
| 2005 | -- | $218,818 +2% |
| 2004 | -- | $214,529 +1.9% |
| 2003 | -- | $210,598 +2% |
| 2002 | -- | $206,469 +2% |
| 2001 | $2,071 | $202,421 +2% |
| 2000 | -- | $198,452 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: New Monterey
Nearby schools
GreatSchools rating
- 6/10Monte VistaGrades: K-8Distance: 1.6 mi
- 8/10Monterey High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- District: MontereyPeninsulaUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- California
- Monterey County
- Monterey
- 93940
- New Monterey
- 700 David Ave
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