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    Monterey, CA
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    Monterey, CA Multifamily Properties for Sale

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    Four-Unit Mixed-Use Property
    Updated: Jul 17
    Four-Unit Mixed-Use Property

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    2,633 sqft 0.11 AC lot
    4‑unit mixed‑use property with 2 street‑facing commercial units on Lighthouse Avenue plus 2 residential units
    2BD/1BA apartment above the commercial spaces includes a deck and off‑street parking
    Detached rear 1BD/1BA apartment
    Year built 1966 with fiberglass/composition roof
    Wall furnace heating and tile/laminate/linoleum flooring
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    This listing looks promising.

    Here's a quick look at some key insights for

    883 Lighthouse AVE, MONTEREY, CA 93940

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    • Est. Cap Rate

      3.1%
      NOI ÷ price

    • Est. NOI

      $46K
      Annual

    • Mortgage

      $184K
      Sep 1994

    • Last Sold

      Jul 2020
      $260K

    • Property Type

      Commercial Building, Mail Order, Show Room (Non-Auto)
      Built 1966
    View Property Analytics
    Mixed-Use Fourplex with Street Retail
    Updated: Jul 17
    Mixed-Use Fourplex with Street Retail

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    0.11 AC lot
    4‑unit mixed‑use property with two street‑facing commercial units and two residential units
    Two residential units: a 2BD/1BA apartment above the commercial spaces and a detached 1BD/1BA apartment at the rear
    2BD/1BA unit includes a deck and off‑street parking
    Commercial units are street‑facing on Lighthouse Avenue
    Garage plus off‑street and on‑street parking available
    View details
    Monterey Mixed-Use Income Property
    Monterey Mixed-Use Income Property

    883 Lighthouse Ave, Monterey, CA 93940

    $1,500,000

    Four-unit mixed-use property near Monterey Bay Aquarium and Cannery Row.

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    Unique Monterey Multifamily Property
    Unique Monterey Multifamily Property

    942 Munras Ave, Monterey, CA 93940

    $2,350,000
    5,033 sqft 0.48 AC lot

    Two multifamily properties offered together in Monterey, California.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 4 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Two-Unit Residential Income Property
    Two-Unit Residential Income Property

    1770 Flores ST, Seaside, CA 93955

    $1,050,000
    1,475 sqft 0.09 AC lot

    For sale in R-2 zoning: a main 2-bed home plus an attached 2-bed ADU, both currently rented month-to-month.

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    Duplex with Detached Studio ADU
    Duplex with Detached Studio ADU

    1212 Waring ST, Seaside, CA 93955

    $875,000
    1,071 sqft 0.08 AC lot

    Duplex with a main 2-bedroom residence and newly built detached studio ADU, both on month-to-month tenancies.

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    Coastal Duplex with Wrap-Around Decks
    Coastal Duplex with Wrap-Around Decks

    301 7th ST, Pacific Grove, CA 93950

    $1,225,000
    1,680 sqft 0.08 AC lot

    Two 2-bedroom, 1-bath residences with ocean views, wrap-around decks, and private garages on an R2 lot.

    View details
    Duplex with Wrap-Around Decks
    Duplex with Wrap-Around Decks

    301 7th Street, Pacific Grove, CA 93950

    $1,225,000
    1,680 sqft

    Two 2-bedroom, 1-bath residences with private garages and ocean-view wrap-around decks near the shoreline.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Clearlake Land/Lot Opportunity
    Clearlake Land/Lot Opportunity

    3519 Covelo Street, Clearlake, CA 95422

    Contact for pricing
    0.13 AC lot

    Three adjoining lots near Pomo school, ideal for manufactured home.

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    Vacant Land with Lake Frontage
    Vacant Land with Lake Frontage

    630 Evans Rd, Wofford Heights, CA 93285

    $399,000
    3.49 AC lot

    Vacant land in R-F zoning with documented plans and approximately 1,200 feet of lake high-water line.

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    Scenic Land with Sweeping Views
    Scenic Land with Sweeping Views

    394 Rim Rd, Bodfish, CA 93205

    Contact for pricing
    4.37 AC lot

    4.37-acre parcel with lake, mountain, and valley views.

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    Lake Isabella Build-Ready Lot
    Lake Isabella Build-Ready Lot

    2517 Webb Ave, Lake Isabella, CA 93240

    $30,000
    0.20 AC lot

    Single-family lot with utilities in established Lake Isabella neighborhood.

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    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

    $835,000
    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

    $995,000
    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

    Value Estimation by Request
    1,968 sqft
    View details
    910 Wainwright St
    APARTMENT HOUSE (5+ UNITS)

    910 Wainwright St, Monterey, CA 93940-2165

    Value Estimation by Request
    6,212 sqft 0.22 AC lot
    View details
    872 Laine St
    APARTMENT HOUSE (5+ UNITS)

    872 Laine St, Monterey, CA 93940-1133

    $2,455,000
    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

    $3,085,000
    Estimated value
    0.50 AC lot
    View details
    803 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    803 Hawthorne St, Monterey, CA 93940-1122

    $775,000
    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

    $4,885,000
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    895 sqft 0.20 AC lot
    View details
    1193 9th St
    APARTMENT HOUSE (5+ UNITS)

    1193 9th St, Monterey, CA 93940-3607

    Value Estimation by Request
    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
    399 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    399 Hawthorne St, Monterey, CA 93940-1839

    Value Estimation by Request
    0.12 AC lot
    View details
    31 Monte Vis Dr
    APARTMENT HOUSE (5+ UNITS)

    31 Monte Vis Dr, Monterey, CA 93940-6060

    $880,000
    Estimated value
    6,624 sqft 0.20 AC lot
    View details
    1129 1st St
    APARTMENT HOUSE (100+ UNITS)

    1129 1st St, Monterey, CA 93940-3358

    $1,800,000
    Estimated value
    10,414 sqft
    View details
    504 Van Buren St
    APARTMENT HOUSE (5+ UNITS)

    504 Van Buren St, Monterey, CA 93940-2626

    $675,000
    Estimated value
    4,066 sqft 0.43 AC lot
    View details
    443 Watson St
    APARTMENT HOUSE (5+ UNITS)

    443 Watson St, Monterey, CA 93940-7904

    $560,000
    Estimated value
    3,726 sqft
    View details
    434 Watson St
    APARTMENT HOUSE (5+ UNITS)

    434 Watson St, Monterey, CA 93940-2266

    $510,000
    Estimated value
    3,360 sqft 0.14 AC lot
    View details

    Monterey, CA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Monterey, CA, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 7,666 square feet of properties for sale, with an estimated market value of $3,850,000.

    Sale prices for multifamily properties in Monterey, CA start at $1,500,000, averaging $1,925,000, and reaching up to $2,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 1
    Quadplexes 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 $1.8M

    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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