2080 Withers Avenue, Monterey, CA 93940

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$4,700,000
Status
ACTIVE
MLS#
ML82063945
Year Built
1964
Lot Size
10,000
Acres
0.23
Days on Market
1
Property Type
Commercial

Property Description

Exceptional turnkey investment opportunity featuring 12 fully remodeled units perched atop the hill in highly desirable New Monterey. Each unit has been thoughtfully updated with upgraded flooring, new kitchens, beautifully remodeled bathrooms, and new windows, providing a modern and attractive living environment for tenants. Every unit also includes a private garage, while select units offer beautiful ocean views. A secure gated entrance provides added privacy and peace of mind for residents. The property also presents significant ADU potential for investors looking to expand and maximize the property's future upside. Ideally located near the DLI entrance and within close proximity to New Monterey, Pacific Grove, and Pebble Beach, this property offers exceptional convenience and access to some of the Monterey Peninsula's most sought-after destinations. With its extensive renovations, private garages, gated setting, ocean views, desirable location, and potential for future expansion, this is a rare opportunity to acquire a one-of-a-kind investment in the highly desirable Monterey market.

Additional Information

Taxes
$51,700
Heat
Wall Furnace
Cooling
Yes
Cooling Description
None
Roof
Composition, Shingle
Water
Public
School District
Other
Attached Structure
Detached
Gross Scheduled Income
$322,875

Listing courtesy of Listing Agent: The C Group (team@realcgroup.com) from Listing Office: Real Brokerage Technologies.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.