Monterey CA 93940 | MLS #ML82058850
.Excellent investment opportunity in a centrally located Monterey neighborhood! This five-unit- apartment property is conveniently situated on Ramona Avenue, just off Fremont Street, with easy access to shopping, dining, transportation, and all that the Monterey Peninsula has to offer. All five units are approximately the same size and are currently occupied. Each unit was updated in 2018 each unit is 1 bd with 1 bath, fresh interior paint, remodeled kitchens, and updated flooring. The property also offers plenty of on-site parking for residents. A wonderful opportunity to own a fully occupied five-unit investment property in a desirable and convenient Monterey location.
Property Details
Price:
$1,500,000
MLS #:
ML82058850
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
699notdefined
Listed Date:
Sep 1, 2026
Total Sq Ft:
2,681
Lot Size:
6,050 sqft / 0.14 acres (approx)
Year Built:
1955
See this Listing
Schools
School District:
Other
Interior
Cooling
NO
Heating
CF
Laundry Features
NO
Exterior
Parking Spots
1
Parking Total
1
Roof
SHN
Financial
Taxes
$22,000
Map
Community
- Address Monterey CA
- CityMonterey
- CountyMonterey
- Zip Code93940
Market Summary
Current real estate data for Commercial in Monterey as of Sep 17, 2026
13
Commercial Listed
168
Avg DOM
$3,314,615
Avg List Price
Property Summary
- Monterey CA is a Commercial for sale in Monterey, CA, 93940. It is listed for $1,500,000 To schedule a showing of MLS#ml82058850 at in Monterey, CA, contact your Compass agent at 310.409.7242.
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Courtesy of Redfin. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Compass include the name of the listing broker. Neither the listing company nor Compass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.Monterey, CA
