942 Munras Ave Monterey, CA 93940
- Office buildings
- 613 SF
- 0.10 lot acres
Current Use by Public Records
- Monterey Acupuncture / Acupuncturist
Property Details for 942 Munras Ave
- Year built
- 1900
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.10 lot acres
- Property size
- 613 SF
- Property type
- Office buildings
- APN
- 001-672-018-000
- APU
- 1672018000
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Monterey
- County
- Monterey
- State
- California
- Longitude
- -121.894
- Latitude
- 36.5923
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
