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12-Unit Apartment Building
For Sale
$4,700,000

2080 Withers AVE, Monterey, CA 93940

A gated residential property where every unit includes its own garage.

Property Size7,576 SF
Days on Market8

Property Features for 2080 Withers AVE

General Information

Standard status Active
Size 7,576 SF
Property subtype FiveOrMoreUnits

Additional Details

Multifamily Units 12

Amenities

private garages
gated entrance

Building Details

Building Size 7,576 SF
Year Built 1964
Listing Agency: Real Brokerage Technologies
Listed By: The C Group · License #70010221
Source: Carmelvalleyrealtycompany
Added: Oct 8 Changed: Oct 13 Last Checked: Oct 15 at 7:02AM

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 Real Brokerage Technologies

Investment Insights

Based on property information with market context.

Built in 1964, the property contains 12 apartments, each with a private garage. Interior work includes updated flooring, kitchens and bathrooms, along with replacement windows. The grounds are entered through a secure gate, and ocean views are available from select units.

The property is in New Monterey, near the DLI entrance and within close proximity to Pacific Grove and Pebble Beach.

Key Highlights

  • 12 apartment units, each with a private garage
  • Renovated interiors include updated flooring, kitchens, bathrooms and windows
  • Gated entrance serves the property

Property Analytics

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Current Use

Point Break Cocktails Bar & Pub

Suggested Use

Top Pick Dental Office Cosmetic Store (Bike/Boat/Book/etc) Store Auto Parts Store Storage Facility Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

667
Businesses Nearby

Demographics for 93940, CA

30,454
Population
15,451
Households
2
Avg Household Size
43
Median Age
54%
College-Educated
94%
High-School Grad
35.1 sq mi
ZIP Area
868
Density / Sq Mi
$110,669
Median Household Income
$62,711
Median Earnings
$2,305
Median Rent
$1,039,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - A gated residential property where every unit includes its own garage.
Where is this apartment building located?
The property is located at 2080 Withers AVE Monterey, CA.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 12 apartment units, each with a private garage; Renovated interiors include updated flooring, kitchens, bathrooms and windows; Gated entrance serves the property
More about this property
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