New Listing
$1,500,000
( $559.49Per Sq Foot )
 $8,052 est/mo Sourced by Back At You

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Description

.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. Call agent directly for additional information.

Details

MLS #ML82058850
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1955
Days On Site3
Listing Provided ByRedfin | Vanessa Haven

Features

SQ Feet2,681
Building(s)1
ZoningR-1
Acreage0.14

Interior

CoolingNone
HeatingCentral
Heating Yes / NoYes
Cooling Yes / NoYes

Exterior

RoofShingle

Taxes

Property22000

Area Information

StateCA
CountyMonterey
CityMonterey
Zip Code93940
Area699 Not Defined
Listing VS Median (in 93940)
Price:
$1,500,000
low | high
Med:
$1,299,999
63.3334% of Average
sqft:
2,681
low | high
Med:
3,152
32.431928384931% of Average
$ / sqft:
$559
low | high
Med:
$412
76.283897652284% of Average
On site:
3
low | high
Med:
1
100% of Average
Sourced by Back At You

Market Activity 93940

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Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyMonterey
CityMonterey
Zip Code93940
Area699 Not Defined
Listing VS Median (in 93940)
Price:
$1,500,000
low | high
Med:
$1,299,999
63.3334% of Average
sqft:
2,681
low | high
Med:
3,152
32.431928384931% of Average
$ / sqft:
$559
low | high
Med:
$412
76.283897652284% of Average
On site:
3
low | high
Med:
1
100% of Average
Sourced by Back At You
Listing Updated: September 1, 2026 at 2:36:19 PM PDT

Stephen Jacobs - Desert Lifestyle Properties