Under contract

$1,500,000

883 Lighthouse Ave, Monterey, CA 93940

4beds

3baths

2,633sqft

$9,351/mo

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Duplex, Residential Income

Built in 1966

-- sqft lot

$1,409,800 Zestimate^®

$570/sqft

$-- HOA

What's special

Off-street parking

Rare opportunity to own a 4-unit mixed-use commercial and residential property in the heart of Monterey, just blocks from the Monterey Bay Aquarium, Cannery Row, and the waterfront. Two street-facing commercial units front busy Lighthouse Avenue, offering excellent visibility and foot traffic. The property also includes two residential units: a 2BD/1BA apartment above the commercial spaces with deck and off-street parking, and a detached 1BD/1BA apartment at the rear of the lot. Ideal for investors or owner-users seeking diversified income in a premier Monterey location.

213 days
118
2

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3

Kitchen

Features: Countertop_Tile, VariesbyUnit

Heating

Wall Furnace

Cooling

None

Appliances

Included: Gas Cooktop

Features

Flooring: Laminate, Tile, Vinyl Linoleum
Doors: None

Interior area

Total structure area: 2,633
Total interior livable area: 2,633 sqft

Video & virtual tour

Property

Parking

Total spaces: 4
Parking features: Common, No Garage, Off Street, On Street, Parking Area
Has carport: Yes

Accessibility

Accessibility features: None

Features

Stories: 2

Lot

Size: 4,800 Square Feet
Features: Level

Details

Parcel number: 001074002B
Zoning: Comm
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex, Residential Income

Materials

Foundation: Concrete Perimeter and Slab
Roof: Composition, Fiberglass, Other

Condition

Year built: 1966

Utilities & green energy

Gas: PublicUtilities
Sewer: Public Sewer
Utilities for property: Public Utilities

Community & HOA

Location

Region: Monterey

Financial & listing details

Price per square foot: $570/sqft
Annual tax amount: $6,000
Date on market: 1/27/2026
Listing agreement: ExclusiveRightToSell
Listing terms: CashorConventionalLoan
Inclusions: Building, MajorTenants
Lease term: Other

Estimated market value

$1,409,800

$1.34M - $1.48M

$3,384/mo

Price history

Date	Event	Price
3/27/2026	Contingent	$1,500,000$570/sqft
Source: MLSListings Inc #ML82032663 Report a problem
1/27/2026	Listed for sale	$1,500,000$570/sqft
Source: MLSListings Inc #ML82032663 Report a problem
1/30/2024	Listing removed	--
Source: Zillow Rentals Report a problem
1/29/2024	Listed for rent	$1,950$1/sqft
Source: Zillow Rentals Report a problem
1/29/2023	Listing removed	--
Source: Zillow Rentals Report a problem
1/25/2023	Listed for rent	$1,950$1/sqft
Source: Zillow Rentals Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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.

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Climate risks

Neighborhood: New Monterey

Getting around

95 / 100

Walker's Paradise

39 / 100

Some Transit

72 / 100

Very Bikeable

Nearby schools

GreatSchools rating

6/10
Monte Vista
Grades: K-8Distance: 1.7 mi
8/10
Monterey High School
Grades: 9-12Distance: 1.5 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.