Wainwright

Monterey, CA, 93940
Active Under Contract
  • 6,212sqft
  • 9,600sf lot
Listing agent:
Bill Backus
Backus Properties
Rare Investment Opportunity in Beautiful Monterey! Nestled in a peaceful and highly desirable Monterey location, this well-maintained 9-unit multifamily property presents a truly rare investment opportunity. Just a short walk to the Defense Language Institute (DLI), the Presidio of Monterey, and Larkin Elementary, the property offers both convenience and consistent rental demand in one of the most sought-after coastal communities in California. Property Features: Eight (1BD/1BA) units and One (3BD/2BA) unit. Five single-car garages and four covered carports. Ocean views from select units. Four units feature cozy fireplaces. The spacious three-bedroom unit includes a large private deck and unique architectural details. On-site coin-operated laundry facility, additional tenant and owner storage. Low-maintenance landscaping for ease of ownership. The property is located in a tranquil residential area, yet it's close to Monterey's downtown shops, dining, and coastal attractions. With its prime location, excellent unit mix, and attractive features, this property has strong income potential and consistent tenant demand. Whether you're an experienced investor or looking to add a trophy asset to your portfolio, this is your chance to own a premier multifamily property in Monterey!

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Wainwright is a Residential Income Five Or More Units property located in Monterey, California, featuring a 9,600 sqft lot, 6,212 sqft, MLS #ML82010810.
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Data last modified: 2025-06-17 18:51:57