1251 1St St

Monterey, CA 93940

PRICE REDUCED

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-$225,000 (-9.78%)

$2,075,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1950

calendar_month Built

Property Description

Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are 3 single car garage spaces for storage or parking as well. This property will also include 1260 Del Monte Ave; a generous parking lot, convenient for both residents and customers. This multifaceted asset not only promises a steady income stream but also positions you in a vibrant community with endless potential for growth. Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte beach, and downtown Monterey!

Listing Information

List Price $2,075,000
Status Active
MLS 41076948
HOA $0
Type Residential Income
Year Built 1950
Lot Size 6,100
Structure Size N/A
DOM 106
Courtesy Of Exp Realty of California Inc.
Listing Agent Loren Eva Ybarra DRE#02138632

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None
Heating Type
Heating Type Wall Furnace

Maps

home_work Nearby Properties

Listing information courtesy of: Loren Eva Ybarra, Exp Realty of California Inc. 925-494-5430. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 9th, 2025 at 1:24 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.