Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $4,750,000
    Hospitals

    1249 Josselyn Cyn Rd, Monterey, CA 93940-5265

    12,178 SF Built 1955
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US09-2828910
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ave Maria Convalescent Hospital Nursing Home
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $4.82M
    CAP Approach CAP
    $3.17M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $4.75M
    Owner & transaction history
    The Bridge Restoration Ministry · 1 yrs held
    The Bridge Restoration Ministry
    since 2025
    Last sale
    $4.8M
    2 recorded transactions
    2025
    $4.8M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $6.6M +75.8%
    Restaurant $6.6M +74.9%
    Apartment house (5+ units) $6.5M +72.7%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 1249 Josselyn Cyn Rd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message