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    Monterey, CA Residential Income Properties for Sale

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    Remodeled Mixed-Use Property
    Updated: Apr 1
    Remodeled Mixed-Use Property

    1230 Del Monte Ave, Monterey, CA 93940

    $3,600,000
    6,397 sqft
    13 doors across 3 parcels
    6,397 square feet of mixed‑use improvements
    Private parking lot included
    Commercial space with rear residential fourplex
    Main house with 2 separate guest units
    View details
    Four-Unit Mixed-Use Property
    Updated: Jul 18
    Four-Unit Mixed-Use Property

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    2,633 sqft 0.11 AC lot
    Four‑unit configuration with two commercial units and two residential apartments
    2,633 square feet on a 0.1102‑acre lot
    Two commercial units face Lighthouse Avenue
    Residential mix includes 2BD/1BA and detached 1BD/1BA apartments
    Upper apartment features a deck; off‑street and on‑street parking available
    View details
    Four-Unit Mixed-Use Property
    Four-Unit Mixed-Use Property

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    0.11 AC lot

    Street-facing commercial units are paired with two separate residential apartments.

    View details
    See what stands out in Monterey County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

    Cap Rate available after sign in
    NOI available after sign in
    Local Demand available after sign in
    Remodeled Multifamily Property
    Remodeled Multifamily Property

    1230 Del Monte Avenue, Monterey, CA 93940

    $3,600,000
    6,397 sqft

    Remodeled multifamily asset spanning three parcels with a private parking lot.

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    Cottage Apartment Property
    Cottage Apartment Property

    870 Alice Street, Monterey, CA 93940

    $2,300,000
    440 sqft

    Seven detached cottages with shared laundry, garage storage, and landscaped outdoor sitting areas in Monterey.

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    Two-Unit Duplex with Rear Yard
    Two-Unit Duplex with Rear Yard

    501 Dela Vina Avenue, Monterey, CA 93940

    $635,000

    Two-unit duplex with fireplace, basement storage, washer/dryer, and room for up to four vehicles.

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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Apartment Complex with Ocean Views
    Apartment Complex with Ocean Views

    800 Lyndon St, Monterey, CA 93940

    Contact for pricing

    Well-maintained apartment complex in Monterey with ocean views and units updated in 2019.

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    Unique Monterey Multifamily Property
    Unique Monterey Multifamily Property

    942 Munras Ave, Monterey, CA 93940

    Contact for pricing
    5,033 sqft 0.48 AC lot

    Two multifamily properties offered together in Monterey, California.

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 8 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 64 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    8-Unit Apartment Building with Carports
    8-Unit Apartment Building with Carports

    979 Hilby Avenue, Seaside, CA 93955

    $2,450,000
    6,048 sqft

    Most residences feature interior upgrades, complemented by shared laundry facilities and covered parking.

    View details
    Updated Manufactured Home in Park
    Updated Manufactured Home in Park

    43-835 Kimball Ave, Seaside, CA 93955

    $160,000
    444 sqft

    Manufactured home offers extensive interior refreshes, including new flooring, paint, lighting, and double-pane windows.

    View details
    Updated Triplex with Private Entrances
    Updated Triplex with Private Entrances

    410 Pine Ave, Pacific Grove, CA 93950

    $2,199,000

    Three individually metered residences offer separate kitchens, laundry areas, bedrooms, bathrooms, and private access.

    View details
    Duplex with Water Views
    Duplex with Water Views

    136 2nd Street, Pacific Grove, CA 93950

    $1,349,000
    1,609 sqft

    Historic two-level property offering flexible residential use near Pacific Grove destinations and the Monterey Bay shoreline.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Residential Land with Approved Plans
    Residential Land with Approved Plans

    2901 Bird Rock RD, Pebble Beach, CA 93953

    $1,499,999
    0.45 AC lot

    Build a single-level main residence plus an attached garage and private ADU on a permitted parcel in Pebble Beach.

    View details
    Flat Residential Land Lot
    Flat Residential Land Lot

    3118 Bird Rock RD, Pebble Beach, CA 93953

    $1,495,000
    0.26 AC lot

    Build a custom home on a flat lot with water entitlements and easy level access to the ocean area.

    View details
    Gated Residential Homesite Land
    Gated Residential Homesite Land

    7905 Cinquenta RD, Carmel, CA 93923

    $1,600,000
    8.04 AC lot

    Build within a gated Carmel community on a large homesite with a defined building envelope.

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    Residential Land in Gated Community
    Residential Land in Gated Community

    7765 Paseo Venado, Monterey, CA 93940

    $849,000
    5.00 AC lot

    A 5-acre residential lot in a gated community, suited for building a custom home with view potential.

    View details

    Off-Market Properties in Monterey, CA

    Consider similar Off-Market properties in Monterey, CA. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    750 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    750 Hawthorne St, Monterey, CA 93940-1145

    $355,000
    Estimated value
    5,130 sqft 0.14 AC lot
    View details
    1128 5th St
    APARTMENT HOUSE (5+ UNITS)

    1128 5th St, Monterey, CA 93940-3507

    $1,020,000
    Estimated value
    2,142 sqft 0.13 AC lot
    View details
    463 Watson St
    APARTMENT HOUSE (5+ UNITS)

    463 Watson St, Monterey, CA 93940-2209

    $280,000
    Estimated value
    1,968 sqft
    View details
    910 Wainwright St
    APARTMENT HOUSE (5+ UNITS)

    910 Wainwright St, Monterey, CA 93940-2165

    $310,000
    Estimated value
    6,212 sqft 0.22 AC lot
    View details
    872 Laine St
    APARTMENT HOUSE (5+ UNITS)

    872 Laine St, Monterey, CA 93940-1133

    $2,385,000
    Estimated value
    1,344 sqft 0.28 AC lot
    View details
    466 Ramona Ave
    APARTMENT HOUSE (5+ UNITS)

    466 Ramona Ave, Monterey, CA 93940-4002

    $3,000,000
    Estimated value
    0.50 AC lot
    View details
    803 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    803 Hawthorne St, Monterey, CA 93940-1122

    $740,000
    Estimated value
    4,793 sqft 0.14 AC lot
    View details
    570 Ocean Ave
    APARTMENT HOUSE (100+ UNITS)

    570 Ocean Ave, Monterey, CA 93940-3565

    $4,775,000
    Estimated value
    13,493 sqft 0.53 AC lot
    View details
    429 Larkin St
    APARTMENT HOUSE (5+ UNITS)

    429 Larkin St, Monterey, CA 93940-2607

    $285,000
    Estimated value
    1,222 sqft 0.21 AC lot
    View details
    1705 Withers Ave
    APARTMENT HOUSE (5+ UNITS)

    1705 Withers Ave, Monterey, CA 93940-1567

    $2,575,000
    Estimated value
    12,428 sqft 0.46 AC lot
    View details
    832 Franklin St
    APARTMENT HOUSE (5+ UNITS)

    832 Franklin St, Monterey, CA 93940-2298

    $290,000
    Estimated value
    1,171 sqft 0.22 AC lot
    View details
    301 Casa Verde Way
    APARTMENT HOUSE (5+ UNITS)

    301 Casa Verde Way, Monterey, CA 93940-3703

    $280,000
    Estimated value
    895 sqft 0.20 AC lot
    View details
    1193 9th St
    APARTMENT HOUSE (5+ UNITS)

    1193 9th St, Monterey, CA 93940-3607

    $275,000
    Estimated value
    1,980 sqft
    View details
    469 Larkin St
    APARTMENT HOUSE (5+ UNITS)

    469 Larkin St, Monterey, CA 93940-2600

    $1,000,000
    Estimated value
    948 sqft 0.17 AC lot
    View details
    399 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    399 Hawthorne St, Monterey, CA 93940-1839

    $270,000
    Estimated value
    0.12 AC lot
    View details
    31 Monte Vis Dr
    APARTMENT HOUSE (5+ UNITS)

    31 Monte Vis Dr, Monterey, CA 93940-6060

    $880,000
    Estimated value
    6,624 sqft 0.20 AC lot
    View details

    Monterey, CA Residential Income Properties Market Trends and Statistics

    Explore 72 residential income properties for sale in Monterey, CA, showcased through 8 active listings on our real estate platform. These investment opportunities span a total of 20,900 square feet of properties for sale, with an estimated market value of $13,135,000.

    Sale prices for residential income properties in Monterey, CA start at $635,000, averaging $2,189,166, and reaching up to $3,600,000 — 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

    Multifamily properties 8
    Apartment buildings 2
    Quadplexes 2
    Duplexes 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 $2.4M

    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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