.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.
For sale
$1,500,000
Monterey, CA 93940
2beds
3baths
2,681sqft
Five Or More Units, Residential Income
Built in 1955
-- sqft lot
$-- Zestimate®
$559/sqft
$-- HOA
What's special
Fresh interior paintRemodeled kitchensUpdated flooring
- 10 days
- 170
- 2
Zillow last checked:
Listing updated:
Listed by:
Vanessa Haven 02030427 831-200-6633,
Redfin 877-973-3346
Source: MLSListings Inc,MLS#: ML82058850
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 3
Heating
- Central Forced Air
Cooling
- None
Appliances
- Laundry: None
Features
- Flooring: Carpet, Laminate, Tile
Interior area
- Total structure area: 2,681
- Total interior livable area: 2,681 sqft
Property
Parking
- Total spaces: 1
- Parking features: Guest, Parking Area, Exclusive Parking, Oversized
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Lot
- Size: 6,050 Square Feet
Details
- Parcel number: 013134033000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1955
Utilities & green energy
- Gas: IndividualGasMeters
- Sewer: Public Sewer
Community & HOA
Location
- Region: Monterey
Financial & listing details
- Price per square foot: $559/sqft
- Date on market: 9/1/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Listed for sale | $1,500,000$559/sqft |
Source:  MLSListings Inc #ML82058850 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 93940
Nearby schools
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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