15-Unit Apartment
For Sale
$3,650,000
Pending
573 Polk Street, Monterey, CA 93940
Historic multifamily property with on-site laundry, rear parking, and commercial zoning.
Property Size6,220 SF
Days on Market239
Property Features for 573 Polk Street
General Information
Standard status
Pending
Size
6,220 SF
Total Parking Spaces
4
Property subtype
5+ Units / Five or More Units
Zoning
commercial
Additional Details
Utilities to Site
Yes
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$13,492
Amenities
on-site laundry facility
2
Building Details
Year Built
1926
Buildings
3
Listing Agency:
Pacific Street Real Estate, Inc.
(831) 373-8451
Listed By:
Charles Della Sala · License #00632789
(831) 373-8451
Source:
Compass
Added: Jan 5
Changed: Aug 30
Last Checked: Aug 31 at 10:10PM
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 Pacific Street Real Estate, Inc.
Investment Insights
Based on property information with market context.
This 15-unit apartment property contains 6,220 square feet and dates to 1926. The building includes an on-site laundry facility, rear parking for up to six vehicles, and corresponding water credits for the apartments. All but one studio has separate gas and electric metering.
The property is located 1/2 block from downtown Monterey, within walking distance of stores, the post office, the Middlebury Institute, and the beach. Commercial zoning adds flexibility to the property’s existing multifamily configuration.
The property is located 1/2 block from downtown Monterey, within walking distance of stores, the post office, the Middlebury Institute, and the beach. Commercial zoning adds flexibility to the property’s existing multifamily configuration.
Key Highlights
- 15 apartments within a 6,220‑square‑foot property
- Built in 1926
- Rear parking for up to 6 vehicles
Property Analytics
Property Profile
Current Use
Lease Details
15
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,925
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Historic multifamily property with on-site laundry, rear parking, and commercial zoning.
Where is this apartment building located?
The property is located at 573 Polk Street Monterey, CA.
What is the asking price?
The asking price for this property is $3,650,000.
What are key features of this property?
This property features: 15 apartments within a 6,220‑square‑foot property; Built in 1926; Rear parking for up to 6 vehicles
