REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,995,000
Est. payment | /mo
8 Beds
6 Baths
3,375 SqFt
$ 1,995,000
Est. payment | /mo
8 Beds
6 Baths
3,375 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,375 sqft
Price per Sqft $591
Lot Size 7,078 Sqft
MLS Listing ID ML82041454
Bedrooms 8
Full Baths 5
Half Baths 2
Property Description
Exceptional investment opportunity at $13,025/month in rent, this well-maintained fourplex delivers income performance comparable to a commercial asset while benefiting from the flexibility of residential financing and streamlined management. The property features two spacious 3-bedroom, 1.5-bath units, one unit currently configured as a 1-bedroom with approved plans to convert to a 2-bedroom, 2-bath (offering excellent value-add potential), and an additional 1-bedroom, 1-bath unit. Notably, two of the units were newly constructed in 2025, providing modern finishes and minimizing near-term maintenance needs. Each unit is equipped with in-unit laundry, enhancing tenant appeal and supporting strong retention. Recent capital improvements include a new electrical panel, upgraded main service, new water main, and a newly completed driveway with six off-street parking spaces.
Location
State CA
County Monterey
Area Lower Broadway
Zoning RMD
Interior
Heating Other
Cooling None
1-purchase type For Sale
Exterior
Garage Uncovered Parking
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Composition
Building
Story 1
Foundation Concrete Perimeter and Slab
Sewer Sewer - Public
Water Public
Story 1
Others
Tax ID 012-361-024-000
Security Features None
Horse Property No
Special Sale Not Applicable
© 2026 MLSListings Inc. All rights reserved.-test9
Listed by Audrey Wardwell of 36 North Properties
Bought with Audrey Wardwell of 36 North Properties
Bought with Audrey Wardwell of 36 North Properties
GET MORE INFORMATION
Robert Lucido
Advisor | yjnn 4444789