Property profile

1249 Josselyn Cyn Rd Monterey, CA 93940

OFF-MARKET
Hospitals
Property ID
US09-2828910
12,178 SF Built 1955
Individually Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 21,990 square foot commercial property, situated on a sprawling 6.85-acre lot in Monterey, California, presents a remarkable investment opportunity. Previously operating as Ave Maria Convalescent Hospital, this versatile facility is ideally positioned for a variety of uses. The property boasts six distinct structures, offering ample space and flexibility. Two substantial buildings, designed for patient care and administration, feature a total of 49 beds. On-site staff accommodations are provided, ensuring convenient management. Additional structures include dedicated food storage and walk-in freezers, a four-car garage with a workshop, and a separate storage casita. Internal features are equally impressive, encompassing a welcoming reception area, administrative offices, a comfortable employee break room, a fully equipped commercial kitchen, and two conveniently located laundry areas. A large basement provides extensive storage, complemented by two spacious activity rooms. The property also includes a well-lit parking lot with a capacity of 32 vehicles. This unique offering, rarely seen in the Monterey market, combines substantial square footage, expansive acreage, and a desirable location in a forested setting, making it an exceptional addition to any discerning investor's portfolio. The property's central location within the sunbelt further enhances its appeal and potential.

Property profile

Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1955
Construction WOOD
Total area 12,178 SF
APN 101-201-002-000
UPID US09-2828910

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nursing Home

Location

1249 Josselyn Cyn Rd Monterey, CA 93940-5265
Monterey metro Census 13200 SALINAS, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.82M
CAP Approach CAP
$3.17M
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.59M

Owner & transaction history

since 2025
Last sale
$4.8M
2 recorded transactions
2025
$4.8M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $6.6M +75.8%
Restaurant $6.6M +74.9%
Apartment house (5+ units) $6.5M +72.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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