$3,850,000

Unique opportunity to own a multi-parcel, multi-unit, estate compound in a central Monterey location. Consisting of three separate and independently parceled contiguous lots: 120 Carmelito Avenue, 942 Munras Avenue and 141 El Dorado Street, each parcel contains individual improvements. There are 9 units in total, comprised of a 3 bedroom, 2 bath home, a two bedroom unit, one bedroom units, studio units, and a stand alone commercial office. In addition, there are storage areas, parking and a workshop. The three parcels offer a total of approximately 31,832 square feet of land and 6,035 square feet of improvements. Currently, 8 of the units are rented and the property is professionally managed. Owned by the same family for many years, this exceptional property is located within walking distance to downtown Monterey. The three parcels and improvements are being sold in their "As Is" present condition and are being sold together. Individual parcels will not be sold without the others.