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    Fourplex with Bay-View Apartments
    Updated: Apr 29
    Fourplex with Bay-View Apartments

    700 David Avenue, Monterey, CA 93940

    $1,600,000
    2,235 sqft
    Fully occupied fourplex built in 1987
    Large corner lot located just blocks from the bay
    Second‑level apartments designed to take advantage of bay views
    Reinforced concrete carport foundation with 5+ parking spaces
    Storage for each unit
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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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    116 16th Street, Pacific Grove, CA 93950

    $2,639,000
    4,120 sqft

    Four-unit residential property featuring a penthouse and three additional 2-bedroom units, each with private garage access.

    View details
    Four-Unit Cottage-Style Quadplex
    Four-Unit Cottage-Style Quadplex

    119 Carr AVE, Salinas, CA 93905

    $950,000
    2,050 sqft 0.17 AC lot

    Four detached cottages with recent updates and independent privacy; potential for a fifth unit pending city approval.

    View details
    4-Unit Multifamily Property
    4-Unit Multifamily Property

    160 Monterey Avenue, Pacific Grove, CA 93950

    $1,739,000
    3,321 sqft

    Four-unit multifamily building features vaulted ceilings and a private entrance for the largest unit.

    View details
    Charming Four-Unit Multifamily Property
    Charming Four-Unit Multifamily Property

    119 Carr Ave, Salinas, CA 93905

    $950,000
    0.17 AC lot

    Unique four-unit property in Salinas with income potential.

    View details

    Monterey, CA Quadplexes Market Trends and Statistics

    Explore 1 quadplexes for sale in Monterey, CA on our real estate platform. These investment opportunities span a total of 2,235 square feet of properties for sale, with an estimated market value of $1,600,000.

    Sale prices for four-unit buildings in Monterey, CA average $1,600,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 4
    Apartment buildings 2
    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 $1.7M

    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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