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    Monterey, CA
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    Monterey, CA Residential Income Properties for Sale

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    Unique Monterey Multifamily Property
    Updated: Aug 28, 2023
    Unique Monterey Multifamily Property

    942 Munras Ave, Monterey, CA 93940

    $2,350,000
    5,033 sqft 0.48 AC lot
    Approximately 20,979 SF of land.
    Approximately 5,033 SF of improvements.
    Two properties being sold together.
    Owned for a generation by a prominent Monterey family.
    Unique and recognized Monterey property.
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    This listing looks promising.

    Here's a quick look at some key insights for

    942 Munras Ave, Monterey, CA 93940

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    • Est. Cap Rate

      3.5%
      NOI ÷ price

    • Est. NOI

      $81K
      Annual

    • Mortgage

      $1.2M
      Apr 2025

    • Last Sold

      Apr 2025
      $2.2M

    • Property Type

      Office Building
      Built 1900
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    Mixed-Use Retail and Residential Property
    Updated: Jul 18
    Mixed-Use Retail and Residential Property

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    2,633 sqft 0.11 AC lot
    4‑unit mixed‑use property with two street‑facing commercial units on Lighthouse Avenue and two residential units
    2BD/1BA apartment above the commercial spaces with a deck and off‑street parking
    Detached 1BD/1BA apartment at the rear of the lot
    1966‑built property with a composition and fiberglass roof
    Wall furnace heating and in‑unit kitchen features including gas cooktop and tile countertops (varies by unit)
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    Mixed-Use Fourplex with Street Retail
    Mixed-Use Fourplex with Street Retail

    883 Lighthouse AVE, Monterey, CA 93940

    $1,500,000
    0.11 AC lot

    Four-unit mixed-use property with two street-facing commercial units and two residential units, including a rear detached 1BD.

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    Monterey Mixed-Use Income Property
    Monterey Mixed-Use Income Property

    883 Lighthouse Ave, Monterey, CA 93940

    $1,500,000

    Four-unit mixed-use property near Monterey Bay Aquarium and Cannery Row.

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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 80 Potential Opportunities for your consideration. Besides 4 Active listings in Monterey, CA, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 68 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.

    Duplex with Detached Studio ADU
    Duplex with Detached Studio ADU

    1212 Waring ST, Seaside, CA 93955

    $875,000
    1,071 sqft 0.08 AC lot

    Duplex with a main 2-bedroom residence and newly built detached studio ADU, both on month-to-month tenancies.

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    Duplex with Detached Studio ADU
    Duplex with Detached Studio ADU

    1212 Waring Street, Seaside, CA 93955

    $900,000
    1,071 sqft

    Two rented units include a 2-bed, 1.5-bath home and a newly built detached studio ADU.

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    Coastal Duplex with Wrap-Around Decks
    Coastal Duplex with Wrap-Around Decks

    301 7th ST, Pacific Grove, CA 93950

    $1,225,000
    1,680 sqft 0.08 AC lot

    Two 2-bedroom, 1-bath residences with ocean views, wrap-around decks, and private garages on an R2 lot.

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    Duplex with Wrap-Around Decks
    Duplex with Wrap-Around Decks

    301 7th Street, Pacific Grove, CA 93950

    $1,225,000
    1,680 sqft

    Two 2-bedroom, 1-bath residences with private garages and ocean-view wrap-around decks near the shoreline.

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    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

    $1,599,999
    0.45 AC lot

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

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    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.

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    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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    3.3 Acre View Lot
    3.3 Acre View Lot

    7567 Paseo Vista, Monterey, CA 93940

    $1,200,000
    3.32 AC lot

    3.3 acre lot with views near Monterey and Carmel.

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    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

    $835,000
    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

    $995,000
    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

    Value Estimation by Request
    1,968 sqft
    View details
    910 Wainwright St
    APARTMENT HOUSE (5+ UNITS)

    910 Wainwright St, Monterey, CA 93940-2165

    Value Estimation by Request
    6,212 sqft 0.22 AC lot
    View details
    872 Laine St
    APARTMENT HOUSE (5+ UNITS)

    872 Laine St, Monterey, CA 93940-1133

    $2,455,000
    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

    $3,085,000
    Estimated value
    0.50 AC lot
    View details
    803 Hawthorne St
    APARTMENT HOUSE (5+ UNITS)

    803 Hawthorne St, Monterey, CA 93940-1122

    $775,000
    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

    $4,885,000
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    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

    Value Estimation by Request
    895 sqft 0.20 AC lot
    View details
    1193 9th St
    APARTMENT HOUSE (5+ UNITS)

    1193 9th St, Monterey, CA 93940-3607

    Value Estimation by Request
    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

    Value Estimation by Request
    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
    1129 1st St
    APARTMENT HOUSE (100+ UNITS)

    1129 1st St, Monterey, CA 93940-3358

    $1,800,000
    Estimated value
    10,414 sqft
    View details
    504 Van Buren St
    APARTMENT HOUSE (5+ UNITS)

    504 Van Buren St, Monterey, CA 93940-2626

    $675,000
    Estimated value
    4,066 sqft 0.43 AC lot
    View details
    443 Watson St
    APARTMENT HOUSE (5+ UNITS)

    443 Watson St, Monterey, CA 93940-7904

    $560,000
    Estimated value
    3,726 sqft
    View details
    434 Watson St
    APARTMENT HOUSE (5+ UNITS)

    434 Watson St, Monterey, CA 93940-2266

    $510,000
    Estimated value
    3,360 sqft 0.14 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 4 active listings on our real estate platform. These investment opportunities span a total of 7,666 square feet of properties for sale, with an estimated market value of $3,850,000.

    Sale prices for residential income properties in Monterey, CA start at $1,500,000, averaging $1,925,000, and reaching up to $2,350,000 — 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 4
    Duplexes 2

    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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