Fantastic, highly desirable location, 1/2 block from downtown Monterey. A short stroll to stores, post office, Middlebury Institute, and the beach! All but one studio apartment is separately metered for gas and electric. Parking for up to 6 vehicles in the the rear, and on-site laundry facility for tenant convenience. Monterey is a strong rental market with a dearth of affordable housing. The property is zoned commercial. 15 apartments with corresponding water credits, nestled among the beautiful, historic adobes.
Sold for $3,550,000
$3,550,000
Polk St, Monterey, CA 93940
3beds
3baths
6,220sqft
Five Or More Units, Residential Income
Built in 1926
-- sqft lot
$3,552,900 Zestimate®
$571/sqft
$3,531 Estimated rent
Home value
$3,552,900
$3.16M - $3.98M
$3,531/mo
Zestimate® history
Owner options
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$3,531/mo
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$3,531/mo
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$22,287/mo
Est. payment
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$22,287/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
C. Della Sala 00632789 831-373-8451,
Pacific Street Real Estate, Inc. 831-373-8451
Bought with:
Oscar Gutierrez, 01446932
Bailey Properties
Source: MLSListings Inc,MLS#: ML82030300
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Kitchen
- Features: Countertop_Ceramic, Countertop_Formica, Countertop_Granite
Heating
- Central Forced Air Gas, Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Gas Oven/Range
- Laundry: Coin Operated
Features
- Flooring: Carpet, Hardwood, Laminate, Tile
- Doors: None
Interior area
- Total structure area: 6,220
- Total interior livable area: 6,220 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.30 Acres
- Features: Mostly Level
Details
- Parcel number: 001581012000
- Zoning: PC
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Year built: 1926
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Monterey
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2026 | Sold | $3,550,000-2.7%$571/sqft |
Source:  MLSListings Inc #ML82030300 Report a problem | ||
| 1/22/2026 | Contingent | $3,650,000$587/sqft |
Source: MLSListings Inc #ML82030300 Report a problem | ||
| 1/5/2026 | Listed for sale | $3,650,000$587/sqft |
Source: MLSListings Inc #ML82030300 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 93940
Nearby schools
GreatSchools rating
- 7/10La Mesa Elementary SchoolGrades: K-8Distance: 0.9 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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Estimated market value
$3,552,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$3,552,900
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