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942 Munras Ave Monterey, CA 93940

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For Sale
Contact for pricing

Iconic Monterey apartment building, downtown location.

Property size:
5,033 SF

Property Features for 942 Munras Ave

General Information

Property type
Multifamily properties
Square Feet
5,033 SF

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Listing Contact
Peter A. Baird
Peter A. Baird

Listing Agency: Mahoney & Associates Commercial Real Estate Listing Agent: Peter A. Baird

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

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Property Insight Report

Overview

This exceptional investment opportunity presents two adjacent properties located at 942 Munras Ave and 120 Carmelito Ave in Monterey, California, 93940. The combined land area totals approximately 20,979 square feet, encompassing a 5,033 square foot apartment building. This highly recognizable Monterey property boasts a prime downtown location, placing it within convenient walking distance of the city's vibrant center and the Del Monte Shopping Center. The property is zoned CO. The asking price for this unique offering is $2,800,000, translating to a price per square foot of $556.33. Owned for generations by a prominent local family, this is a rare chance to acquire a well-established asset in a highly desirable area. The properties are being sold together as a single unit, presenting a cohesive and attractive investment package. The combined APN numbers are 001-672-018 and 001-672-019. This presents a unique opportunity to acquire a piece of Monterey's history and capitalize on its thriving market. The property's strong location and established presence make it an ideal investment for discerning buyers seeking a stable and potentially high-return asset in a sought-after California coastal city.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Monterey Acupuncture Alternative Medicine Practice

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Gym & Fitness Center 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
-121.89407609521
Latitude
36.592160454949

FAQs

What type of property is this?
Multifamily property - Iconic Monterey apartment building, downtown location.
Where is this multifamily property located?
The property is located at 942 Munras Ave Monterey, CA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: $2,800,000 asking price for this iconic Monterey multifamily property.; Prime downtown Monterey location, walking distance to the city center.; Conveniently located near the Del Monte Shopping Center.
(831) 646-1919 Call to check price and availability
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