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    Monterey, CA Multifamily Properties for Sale

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    Remodeled Mixed-Use Property
    Updated: Apr 1
    Remodeled Mixed-Use Property

    1230 Del Monte Ave, Monterey, CA 93940

    $3,600,000
    6,397 sqft
    13 doors across 3 parcels
    6,397 square feet of mixed‑use improvements
    Private parking lot included
    Commercial space with rear residential fourplex
    Main house with 2 separate guest units
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    This listing looks promising.

    Here's a quick look at some key insights for

    1230 Del Monte Ave, Monterey, CA 93940

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    • Est. Cap Rate

      3.1%
      NOI ÷ price

    • Est. NOI

      $112K
      Annual

    • Mortgage

      $2.8M
      Dec 2021

    • Last Sold

      Dec 2021
      $3.15M

    • Property Type

      Apartment House
      Built 1930
    View Property Analytics
    Four-Unit Mixed-Use Property
    Updated: Jul 18
    Four-Unit Mixed-Use Property

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    2,633 sqft 0.11 AC lot
    Four‑unit configuration with two commercial units and two residential apartments
    2,633 square feet on a 0.1102‑acre lot
    Two commercial units face Lighthouse Avenue
    Residential mix includes 2BD/1BA and detached 1BD/1BA apartments
    Upper apartment features a deck; off‑street and on‑street parking available
    View details
    Four-Unit Mixed-Use Property
    Four-Unit Mixed-Use Property

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    0.11 AC lot

    Street-facing commercial units are paired with two separate residential apartments.

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    Remodeled Multifamily Property
    Remodeled Multifamily Property

    1230 Del Monte Avenue, Monterey, CA 93940

    $3,600,000
    6,397 sqft

    Remodeled multifamily asset spanning three parcels with a private parking lot.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Cottage Apartment Property
    Cottage Apartment Property

    870 Alice Street, Monterey, CA 93940

    $2,300,000
    440 sqft

    Seven detached cottages with shared laundry, garage storage, and landscaped outdoor sitting areas in Monterey.

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    15-Unit Apartment Building
    15-Unit Apartment Building

    573 Polk Street, Monterey, CA 93940

    $3,650,000
    6,220 sqft

    Historic multifamily property with on-site laundry, rear parking, and commercial zoning.

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    Two-Unit Duplex with Rear Yard
    Two-Unit Duplex with Rear Yard

    501 Dela Vina Avenue, Monterey, CA 93940

    $635,000

    Two-unit duplex with fireplace, basement storage, washer/dryer, and room for up to four vehicles.

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    Wood-Frame 8-Unit Apartment Building
    Wood-Frame 8-Unit Apartment Building

    675 Jefferson St, Monterey, CA 93940

    Contact for pricing

    An eight-unit wood-frame apartment property built in 1981 with a 2-bedroom and 1-bedroom unit mix.

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    Apartment Complex with Ocean Views
    Apartment Complex with Ocean Views

    800 Lyndon St, Monterey, CA 93940

    Contact for pricing

    Well-maintained apartment complex in Monterey with ocean views and units updated in 2019.

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    Unique Monterey Multifamily Property
    Unique Monterey Multifamily Property

    942 Munras Ave, Monterey, CA 93940

    Contact for pricing
    5,033 sqft 0.48 AC lot

    Two multifamily properties offered together in Monterey, California.

    View details
    Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 10 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    8-Unit Apartment Building with Carports
    8-Unit Apartment Building with Carports

    979 Hilby Avenue, Seaside, CA 93955

    $2,450,000
    6,048 sqft

    Most residences feature interior upgrades, complemented by shared laundry facilities and covered parking.

    View details
    Updated Manufactured Home in Park
    Updated Manufactured Home in Park

    43-835 Kimball Ave, Seaside, CA 93955

    $160,000
    444 sqft

    Manufactured home offers extensive interior refreshes, including new flooring, paint, lighting, and double-pane windows.

    View details
    Updated Triplex with Private Entrances
    Updated Triplex with Private Entrances

    410 Pine Ave, Pacific Grove, CA 93950

    $2,199,000

    Three individually metered residences offer separate kitchens, laundry areas, bedrooms, bathrooms, and private access.

    View details
    Duplex with Water Views
    Duplex with Water Views

    136 2nd Street, Pacific Grove, CA 93950

    $1,349,000
    1,609 sqft

    Historic two-level property offering flexible residential use near Pacific Grove destinations and the Monterey Bay shoreline.

    View details

    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

    $355,000
    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

    $1,020,000
    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

    $280,000
    Estimated value
    1,968 sqft
    View details
    910 Wainwright St
    APARTMENT HOUSE (5+ UNITS)

    910 Wainwright St, Monterey, CA 93940-2165

    $310,000
    Estimated value
    6,212 sqft 0.22 AC lot
    View details
    872 Laine St
    APARTMENT HOUSE (5+ UNITS)

    872 Laine St, Monterey, CA 93940-1133

    $2,385,000
    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

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

    803 Hawthorne St, Monterey, CA 93940-1122

    $740,000
    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

    $4,775,000
    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

    $285,000
    Estimated value
    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

    $290,000
    Estimated value
    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

    $280,000
    Estimated value
    895 sqft 0.20 AC lot
    View details
    1193 9th St
    APARTMENT HOUSE (5+ UNITS)

    1193 9th St, Monterey, CA 93940-3607

    $275,000
    Estimated value
    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

    Monterey, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Monterey, CA, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 27,120 square feet of properties for sale, with an estimated market value of $16,785,000.

    Sale prices for multifamily properties in Monterey, CA start at $635,000, averaging $2,397,857, and reaching up to $3,650,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 4
    Quadplexes 2
    Duplexes 1
    Triplexes 1

    Demographics Overview

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

    High-Yield Neighborhoods for Investment

    Identify Monterey submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    93940 $1.4M

    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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