Seller Financing
Address
828 Lighthouse AVE Monterey, CA
Price
$ 1,299,000
Property Attributes
  • ID#ML81869915
  • TypeIncome
  • CountyMONTEREY
  • CityMonterey
  • AreaCannery Row-Lighthouse Business District
  • Zip93940
  • Style
  • Price$ 1,299,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3040
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
The Ruiz Group with KW Coastal Estates.
Data Source:
MLSListings
Property Description

Prime location on a high-exposure street, two blocks from Cannery Row, the Monterey Bay Aquarium and close to Fisherman's Wharf and Downtown Monterey & Pacific Grove. This site offers 3,100sf of retail warehouse space, has 6 off-street parking spaces, 16-18 foot ceiling heights and a large roll-up door. Tenant is month to month, but willing to stay and pay higher rent. Rents are below market. 3.4% Cap Rate at current rents. Upside opportunity for investor or developer. Owner financing potential. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.

Price History
11/11/2021 Listed $1,299,000

General Features

# of Buildings 1
Accessibility Parking
Age 57
City MONTEREY
City Limits (y/n) Yes
Cooling None
County Monterey
Heating Central Forced Air
Incorporated Y/n Yes
Listing Agent State License 70010112
MLS Area Cannery Row/Lighthouse Business District
Property SubType Mixed Use or Other Multi-Unit
Property Type Residential Income (2-4 units)
Roof Fiberglass
Security Features Other
Special Listing Conditions Not Applicable
Status Active
Utilities Public Utilities
Water Public
Year Built 1964
Zoning Text PC-Planned Community

Interior Features

Living Sqft 3040

Exterior Features

Building Area Total 3040
Foundation Details Concrete Slab
Horse Property No
Lot Acres 0.1100
Lot Size Area 4791.60
Lot Size Units Square Feet
Maximum Lot Size 4791.60
Meters Master Electric, Master Gas, Master Water
Parking Features On Street, Room for Oversized Vehicle, Uncovered Parking
Parking Spaces 6
Sewer/Septic Sewer - Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 93940

Price
AVG $1.54M
$1.3M
Visits
AVG 14
10
Year Built
AVG 1946
1964

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover