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883 Lighthouse Avenue

Monterey, CA 93940
  • $1,500,000
  • STATUS: Active Under Contract
  • ON SITE: 260 Days
  • ID#: ML82032663
Under Contract
UPDATED: 82 min ago
$1,500,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,633
    SQFT
  • $570
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:

School Ratings & Info

School District:
Listing Agent(s): Monterey Peninsul... of KW Coastal Estates ((831) 622-6200) and Debra Buonaguidi of Monterey Real Estate Firm((831) 917-1979)


Description

Rare opportunity to own a 4-unit mixed-use commercial and residential property in the heart of Monterey, just blocks from the Monterey Bay Aquarium, Cannery Row, and the waterfront. Two street-facing commercial units front busy Lighthouse Avenue, offering excellent visibility and foot traffic. The property also includes two residential units: a 2BD/1BA apartment above the commercial spaces with deck and off-street parking, and a detached 1BD/1BA apartment at the rear of the lot. Ideal for investors or owner-users seeking diversified income in a premier Monterey location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-15T21:32:27.663. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
www.hometownnorthcounty.com/homes/172501352
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883 Lighthouse Avenue Monterey, CA 93940

  • Price: $1,500,000
  • Status: Active Under Contract
  • On Site: 260 Days
  • Updated: 82 min ago
  • ID#: ML82032663
0
Beds
0
Baths
0
½ Baths
0.11
Acres
2,633
SQFT
$570
$/SQFT
1966
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
School District:
Other
Property Description
Rare opportunity to own a 4-unit mixed-use commercial and residential property in the heart of Monterey, just blocks from the Monterey Bay Aquarium, Cannery Row, and the waterfront. Two street-facing commercial units front busy Lighthouse Avenue, offering excellent visibility and foot traffic. The property also includes two residential units: a 2BD/1BA apartment above the commercial spaces with deck and off-street parking, and a detached 1BD/1BA apartment at the rear of the lot. Ideal for investors or owner-users seeking diversified income in a premier Monterey location.
Exterior Features

Carport Spaces 0 Lot Features Level Parking Features Off Street Parking Total 4 Roof CompositionFiberglassOther View YN No

Interior Features

Accessibility Features None Appliances Gas Cooktop Cooling None Cooling YN Yes Flooring LaminateTile Heating Wall Furnace Heating YN Yes

Property Features

Association YN No Cap Rate 4.69 Garage YN No Gross Scheduled Income 84600 Insurance Expense 3000 Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 1000 Other Expense 1000 Possession Close Of Escrow Property Sub Type Duplex Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 6000 Trash Expense 0 Zoning Comm



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-15T21:32:27.663. 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 deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California Inc.. Licensed in the State of California, USA.
 
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eXp Realty of California Inc.
2603 Camino Ramon Suite 200
San Ramon CA, 94583
Listing Agent(s): Monterey Peninsul... of KW Coastal Estates ((831) 622-6200) and Debra Buonaguidi of Monterey Real Estate Firm((831) 917-1979)