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Monterey, CA Apartment Buildings for Sale

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Wood-Frame 8-Unit Apartment Building
Updated: Apr 24
Wood-Frame 8-Unit Apartment Building

675 Jefferson St, Monterey, CA 93940

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8‑unit wood‑frame apartment building built in 1981
Unit mix includes six 2 bed / 1.5 bath units and two 1 bed / 1 bath units
Property sits on a 10,882 SF parcel in Old Town Monterey
Ocean views from most units
Value‑add opportunity with units featuring varying levels of interior improvement
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Apartment Complex with Ocean Views
Updated: Apr 11
Apartment Complex with Ocean Views

800 Lyndon St, Monterey, CA 93940

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Well‑maintained apartment complex in Monterey, CA with ocean views
All units were updated in 2019
Rents were brought to market rents after recent updates
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Based on your search, we've compiled 80 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, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

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

11-Unit Rental Apartment Building
11-Unit Rental Apartment Building

1200 W Market Circle, Salinas, CA 93901

$1,995,000
5,853 sqft

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

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Remodeled 5-Unit Apartment Complex
Remodeled 5-Unit Apartment Complex

236 Locust Street, Watsonville, CA 95076

$1,195,000
2,300 sqft

Five-unit complex features four one-bedroom units plus a studio, with 2017 remodels and recent asphalt improvements.

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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.

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Historic Mixed-Use Multifamily Building
Historic Mixed-Use Multifamily Building

301 Main Street, Salinas, CA 93901

$13,500,000

Six-story building combines a ground-floor leased restaurant with 50 residential studio units on upper floors.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Land with Freeway Exposure
Commercial Land with Freeway Exposure

31426 The Old Road N, Castaic, CA 91384

$2,250,000
2.05 AC lot

Over 2 acres with 400+ feet of CA-5 exposure across three APNs in Castaic.

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Lancaster Corner Lot Investment Opportunity
Lancaster Corner Lot Investment Opportunity

Newgrove Street, Lancaster, CA 93534

$350,000
0.17 AC lot

0.17-acre corner lot in Lancaster with development potential.

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Development Opportunity with DTLA Views
Development Opportunity with DTLA Views

700 Lookout Dr, Los Angeles, CA 90012

$799,000
0.22 AC lot

Land with potential for up to 23 units.

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Pahrump Land Investment Opportunity
Pahrump Land Investment Opportunity

2001 Casino Street, Pahrump, NV 89048

Contact for pricing
0.31 AC lot

0.31 acre multi-family zoned lot in growing Pahrump, Nevada.

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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

$835,000
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

$995,000
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

Value Estimation by Request
1,968 sqft
View details
910 Wainwright St
APARTMENT HOUSE (5+ UNITS)

910 Wainwright St, Monterey, CA 93940-2165

Value Estimation by Request
6,212 sqft 0.22 AC lot
View details
872 Laine St
APARTMENT HOUSE (5+ UNITS)

872 Laine St, Monterey, CA 93940-1133

$2,455,000
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

$3,085,000
Estimated value
0.50 AC lot
View details
803 Hawthorne St
APARTMENT HOUSE (5+ UNITS)

803 Hawthorne St, Monterey, CA 93940-1122

$775,000
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

$4,885,000
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

Value Estimation by Request
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

Value Estimation by Request
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

Value Estimation by Request
895 sqft 0.20 AC lot
View details
1193 9th St
APARTMENT HOUSE (5+ UNITS)

1193 9th St, Monterey, CA 93940-3607

Value Estimation by Request
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

Value Estimation by Request
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

$675,000
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

$560,000
Estimated value
3,726 sqft
View details
434 Watson St
APARTMENT HOUSE (5+ UNITS)

434 Watson St, Monterey, CA 93940-2266

$510,000
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

$630,000
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.

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Demographics Overview

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

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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