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Downtown Monterey 8-Unit Apartment For Sale
675 jefferson st, Monterey, CA 93940
675 jefferson st
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Property Address:675 Jefferson St. Monterey CA, 93940
Mahoney & Associates is pleased to present to the market the opportunity to sell 675 Jefferson St in Monterey CA. Originally built in 1981, this 8-Unit apartment building sits on a 10,882 SF parcel in the Old Town neighborhood of Monterey. The building is of wood frame construction with varying levels of interior improvement. The unit mix consists of six, 2bed/1.5bath units and two 1bed/1bath unit. Ocean views from most units. Value add opportunity. Each unit features functional layouts with varying levels of interior improvement, providing both immediate rental income and the opportunity for future value-add enhancements.
PROPERTY HIGHLIGHTS:
- Interior updates throughout
- Opportunity for rent growth
- Off street parking
- Close to downtown, dining, shopping, and waterfront
- High demand for quality rental housing in Monterey
- Onsite laundry & landscaping
- Separate PG&E, electrical and gas meters for each unit, one water meter
PROPERTY DETAILS
APN: 001-404-001
Building Size: ± 7,278 SF
ZONING: Multi-Family R3
For over 40 years Mahoney & Associates have provided the market knowledge and guidance needed to generate superior financial returns for our clients. We specialize in the leasing and sale of retail and industrial properties, office buildings, apartments, hotels/ motels, and land for development. Asset management and consulting services are also provided.We realize that the success we achieve is in direct proportion to the quality and service we provide to the client. We do not take any business for granted, and sincerely appreciate the opportunity to represent you in any and all aspects of commercial real estate.
The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable. However, we do not represent that it is accurate or complete and it should not be relied upon as such. All of the information contained herein is subject to change without notice.
Offered By
Chuck Drake
Sales Associate | DRE #01281521
Ryan Edwards
Partner | DRE #01403313
Mahoney & Associates
501 Abrego St.
Monterey, CA 93940
https://www.mahoneycommercial.com/
T: (831)646-1919