Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Monterey Triplex Near Beach Title is generated by Realmo AI

    1150 Eighth St, Monterey, CA 93940

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Three-unit residential property near the beach and Navy school.

    Type:Multifamily
    Added:
    Feb 27, 2026
    Days on Market:
    75
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1150 Eighth St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    1928

    We can help!

    Listing Contact
    Patrick Stafford
    Patrick Stafford

    Listing agent Patrick Stafford License #01857243

    Listing office Mahoney & Associates

    Listing date Feb 27, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Mahoney & Associates

    HighLights

    • Prime location: Blocks from the beach and Naval Postgraduate School.
    • Three‑unit residential property: Ideal for investors or owner‑occupiers seeking rental income.
    • Main house: Features three bedrooms and two bathrooms.
    • Rear duplex: Includes a two‑bedroom/two‑bath unit and a one‑bedroom/one‑bath unit.
    • Two‑car garage: Provides secure parking.
    • Built in 1928: Classic construction.

    Overview

    This three-unit residential property is located blocks from the beach and the entrance to the Navy Post Graduate School in Monterey, California. The property includes a main house with three bedrooms and two bathrooms. Above the two-car garage, there is a two-bedroom, two-bathroom unit and a one-bedroom, one-bathroom unit. This property is suitable for an investor or someone who would like to live in the main house and collect rent from the duplex in the rear of the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monterey
    County
    Monterey
    State
    California
    Longitude
    -121.8801856
    Latitude
    36.5941442

    Nearby Similar for Sale

    • $1,500,000
      2,633 SF

      Mixed-Use Property in Monterey

      Four-unit mixed-use property near Monterey Bay Aquarium.
      883 Lighthouse AVE, MONTEREY, CA 93940
      View Details
    • $1,650,000
      3,436 SF

      Monterey Fourplex with ADU Potential

      Fourplex in New Monterey with plans for additional ADU.
      830 Parcel ST, Monterey, CA 93940
      View Details
    • $1,500,000
      2,633 SF

      Monterey Mixed-Use Investment Opportunity

      Four-unit mixed-use property in Monterey near Cannery Row.
      883 Lighthouse AVE, MONTEREY, CA 93940
      View Details
    • $1,500,000
      2,204 SF

      Monterey Triplex in Prime Location

      Well-maintained triplex in Monterey's sought-after neighborhood, near downtown.
      1113 Mcclellan AVE, MONTEREY, CA 93940
      View Details
    • $1,350,000
      2,537 SF

      Monterey Medical Office Building

      Medical office building in Monterey's medical district.
      167 Davis Ln, Monterey, CA 93940
      View Details
    • $2,200,000
      5,049 SF

      Lighthouse Avenue Retail Opportunity

      Retail properties on Lighthouse Ave, Monterey, CA for sale.
      585-599 Lighthouse Ave, Monterey, CA
      View Details
    • $3,700,000
      16,563 SF

      Monterey Commercial Corridor Opportunity

      Partially occupied commercial property in Monterey's commercial corridor.
      539 Ramona Ave, Monterey, CA
      View Details
    • $1,990,000
      7,120 SF

      Monterey Retail Property For Sale

      Retail property with high visibility and redevelopment potential in Monterey.
      2240-2252 Fremont St, Monterey, CA
      View Details
    • $1,500,000

      Monterey Mixed-Use Income Property

      Four-unit mixed-use property near Monterey Bay Aquarium and Cannery Row.
      883 Lighthouse Ave, Monterey, CA 93940
      View Details
    • $1,500,000

      Monterey Triplex in Prime Location

      Well-maintained triplex near downtown Monterey, ideal for rental income.
      1113 Mcclellan Ave, Monterey, CA 93940
      View Details
    • $1,650,000

      New Monterey Fourplex Investment Opportunity

      Fourplex with plans for an additional dwelling unit in Monterey.
      830 Parcel St, Monterey, CA 93940
      View Details
    • $1,995,000
      2,994 SF

      Monterey Automotive Repair Building For Lease

      Well-maintained automotive repair building with high visibility and ample parking.
      2100 Del Monte Ave, Monterey, CA
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Three-unit residential property near the beach and Navy school.
    Where is this multifamily property located?
    The property is located at 1150 Eighth St Monterey, CA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Prime location: Blocks from the beach and Naval Postgraduate School.; Three‑unit residential property: Ideal for investors or owner‑occupiers seeking rental income.; Main house: Features three bedrooms and two bathrooms.
    (831) 238-3592 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Patrick Stafford
    Patrick Stafford
    Real Estate License ID: 01857243
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1150 Eighth St, Monterey, CA 93940
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!