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    Monterey, CA Apartment Buildings for Sale

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    Five-Unit Apartment Building
    Updated: Sep 4
    Five-Unit Apartment Building

    545 Ramona Avenue, Monterey, CA 93940

    $1,500,000
    2,681 sqft
    Five apartment units, all currently occupied
    Each unit offers 1 bedroom and 1 bathroom
    2,681 square feet on a 1955‑built property
    2018 updates include remodeled kitchens, interior paint, and updated flooring
    On‑site parking available for residents
    View details
    Cottage Apartment Property
    Updated: Aug 22
    Cottage Apartment Property

    870 Alice Street, Monterey, CA 93940

    $2,300,000
    440 sqft
    Seven standalone cottages on a 10,000‑square‑foot lot
    Cottages range from approximately 300 to 450 square feet
    Built in 1964
    On‑site coin‑operated laundry room and garage storage
    Both on‑street and off‑street parking
    View details
    See what stands out in Monterey County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 2 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 70 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    12-Unit Apartment Building
    12-Unit Apartment Building

    330 Soledad Street, Salinas, CA 93901

    $3,350,000
    8,960 sqft

    Each residence has its own water heater for unit-level service and maintenance.

    View details
    Mixed-Use Income Property with New Roof
    Mixed-Use Income Property with New Roof

    80 Porter Drive A, Watsonville, CA 95076

    $3,100,000
    11,867 sqft

    Income-producing mixed-use building with residential units above long-term commercial tenants and a new 30-year roof.

    View details
    11-Unit Rental Multifamily Property
    11-Unit Rental Multifamily Property

    1200 W Mark, Salinas, CA 93907

    $1,900,000

    Multifamily rental building with 11 units on a large lot, offering outdoor space and storage.

    View details
    Remodeled Apartment Complex
    Remodeled Apartment Complex

    290 Pennsylvania Drive, Watsonville, CA 95076

    $2,950,000

    Fully remodeled complex offers 8 one-bedroom and 2 two-bedroom units with onsite laundry and covered parking.

    View details

    Off-Market Properties in Monterey, CA

    Consider similar Off-Market properties in Monterey, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    750 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    750 Hawthorne St, Monterey, CA 93940-1145

    $355,000
    Estimated value
    5,130 sqft 0.14 AC lot
    View details
    1128 5th St
    APARTMENT HOUSE (5+ UNITS)

    1128 5th St, Monterey, CA 93940-3507

    $1,020,000
    Estimated value
    2,142 sqft 0.13 AC lot
    View details
    463 Watson St
    APARTMENT HOUSE (5+ UNITS)

    463 Watson St, Monterey, CA 93940-2209

    $280,000
    Estimated value
    1,968 sqft
    View details
    910 Wainwright St
    APARTMENT HOUSE (5+ UNITS)

    910 Wainwright St, Monterey, CA 93940-2165

    $310,000
    Estimated value
    6,212 sqft 0.22 AC lot
    View details
    872 Laine St
    APARTMENT HOUSE (5+ UNITS)

    872 Laine St, Monterey, CA 93940-1133

    $2,385,000
    Estimated value
    1,344 sqft 0.28 AC lot
    View details
    466 Ramona Ave
    APARTMENT HOUSE (5+ UNITS)

    466 Ramona Ave, Monterey, CA 93940-4002

    $3,000,000
    Estimated value
    0.50 AC lot
    View details
    803 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    803 Hawthorne St, Monterey, CA 93940-1122

    $740,000
    Estimated value
    4,793 sqft 0.14 AC lot
    View details
    570 Ocean Ave
    APARTMENT HOUSE (100+ UNITS)

    570 Ocean Ave, Monterey, CA 93940-3565

    $4,775,000
    Estimated value
    13,493 sqft 0.53 AC lot
    View details
    429 Larkin St
    APARTMENT HOUSE (5+ UNITS)

    429 Larkin St, Monterey, CA 93940-2607

    $285,000
    Estimated value
    1,222 sqft 0.21 AC lot
    View details
    1705 Withers Ave
    APARTMENT HOUSE (5+ UNITS)

    1705 Withers Ave, Monterey, CA 93940-1567

    $2,575,000
    Estimated value
    12,428 sqft 0.46 AC lot
    View details
    832 Franklin St
    APARTMENT HOUSE (5+ UNITS)

    832 Franklin St, Monterey, CA 93940-2298

    $290,000
    Estimated value
    1,171 sqft 0.22 AC lot
    View details
    301 Casa Verde Way
    APARTMENT HOUSE (5+ UNITS)

    301 Casa Verde Way, Monterey, CA 93940-3703

    $280,000
    Estimated value
    895 sqft 0.20 AC lot
    View details
    1193 9th St
    APARTMENT HOUSE (5+ UNITS)

    1193 9th St, Monterey, CA 93940-3607

    $275,000
    Estimated value
    1,980 sqft
    View details
    469 Larkin St
    APARTMENT HOUSE (5+ UNITS)

    469 Larkin St, Monterey, CA 93940-2600

    $1,000,000
    Estimated value
    948 sqft 0.17 AC lot
    View details
    399 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    399 Hawthorne St, Monterey, CA 93940-1839

    $270,000
    Estimated value
    0.12 AC lot
    View details
    31 Monte Vis Dr
    APARTMENT HOUSE (5+ UNITS)

    31 Monte Vis Dr, Monterey, CA 93940-6060

    $880,000
    Estimated value
    6,624 sqft 0.20 AC lot
    View details
    1129 1st St
    APARTMENT HOUSE (100+ UNITS)

    1129 1st St, Monterey, CA 93940-3358

    $1,800,000
    Estimated value
    10,414 sqft
    View details
    504 Van Buren St
    APARTMENT HOUSE (5+ UNITS)

    504 Van Buren St, Monterey, CA 93940-2626

    $280,000
    Estimated value
    4,066 sqft 0.43 AC lot
    View details
    443 Watson St
    APARTMENT HOUSE (5+ UNITS)

    443 Watson St, Monterey, CA 93940-7904

    $285,000
    Estimated value
    3,726 sqft
    View details
    434 Watson St
    APARTMENT HOUSE (5+ UNITS)

    434 Watson St, Monterey, CA 93940-2266

    $295,000
    Estimated value
    3,360 sqft 0.14 AC lot
    View details
    329 Van Buren St
    APARTMENT HOUSE (5+ UNITS)

    329 Van Buren St, Monterey, CA 93940-2338

    $315,000
    Estimated value
    4,225 sqft 0.12 AC lot
    View details
    871 Alice St
    APARTMENT HOUSE (100+ UNITS)

    871 Alice St, Monterey, CA 93940-1960

    $1,435,000
    Estimated value
    7,950 sqft 1.26 AC lot
    View details

    Monterey, CA Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Monterey, CA on our real estate platform. These investment opportunities span a total of 3,121 square feet of properties for sale, with an estimated market value of $3,800,000.

    Sale prices for two-family homes in Monterey, CA start at $1,500,000, averaging $1,900,000, and reaching up to $2,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 34K
    Population Growth (5Y) -4.5%
    Median Household Income $110,669
    College Educated 85.9%

    High-Yield Neighborhoods for Investment

    Identify Monterey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93940 $3M

    Taxes & Financing

    Tax Rate (average for all types) 0.92%
    Property Tax per SF $9.11 per SF
    Tax Rate vs County Average 0.12 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Monterey County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Monterey fall within the 100,000+ square foot range.

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