Property profile

883 Lighthouse Ave Monterey, CA 93940

FOR SALE
Showrooms
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Property ID
US09-3393418
1,788 SF 0.11 ac Built 1966
Last sale Sep 1994·$260,000
Trust Owned Owner of record is a trust. 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
Market Trends Soon

Property summary

AI-generated overview

This 2,633-square-foot mixed-use property combines two commercial units with two residential apartments. The building, constructed in 1966, contains a 2-bedroom, 1-bathroom apartment above the commercial spaces, with an exterior deck and off-street parking, and also includes a detached 1-bedroom, 1-bathroom unit at the rear of the site. The commercial spaces face Lighthouse Avenue in Monterey. The property is located on a 0.1102-acre lot served by public sewer and is zoned Comm.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$5k
Tax billed · 2023
Assessed value$420k
Assessed land$294k
Assessed improvement$125k
Effective rate1.11%

Value estimate

· Nov 2026
$345k
$311k – $380k
AI approach$325k
NOI build-up
Gross scheduled income$63k
Vacancy & credit loss−$5k
Operating expenses−$22k
NOI · 2.42% cap applied$36k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$502/SF
ZIP average, outlier-cleaned · 63 recorded sales of this use type
Observed band · Q1–Q3$222 – $817
Qualifying comparables5

Cap rate analysis

How does the asset earn?
2.42%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMONTEREY

Location intelligence

Which uses thrive at this corner?
Best fit: Dental Office
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dental Office19.9
Auto Parts Store13.9
Auto Repair Shop13.0

Location

883 Lighthouse Ave Monterey, CA 93940
County assessor Recorded deeds · 6 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
115 Pearl, Monterey, CA 93940 $2,550,000 Jun 2025 1,312 SF
118 El Dorado, Monterey, CA 93940-3118 $1,087,500 May 2025 1,316 SF
590 Perry, Monterey, CA 93940-4621 $2,300,000 Mar 2025 1,785 SF
581 Figueroa, Monterey, CA 93940-3232 $905,000 Oct 2024 1,024 SF
121 El Dorado, Monterey, CA 93940-3117 $600,000 Nov 2023 1,354 SF
503 Pearl, Monterey, CA 93940-3019 $503,000 Jul 2023 1,008 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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