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883 Lighthouse Ave , Monterey, CA 93940
$1,500,000
Est. Payment: $8,182.05/mo
3 Bed
2633 Sqft
0.11 Acres
Status: Active Under Contract | Days on site: 58
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ML5009200 - ML5065891,ML5079420
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Chris Heller
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House 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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Highlights

Listed by Monterey Peninsul... , 831-313-2289 and Debra Buonaguidi , 831-917-1979 KW Coastal Estates , (831) 622-6200. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family
Lot/Acreage
0.11

Year Built

1966

County

Monterey

Area

699 - Not Defined

 School District

Other

Listing ID

ML82032663

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
Appliances:Gas Cooktop
Floor:Laminate,Tile

Exterior Features

Lot:Level,No Land Lease
Garage Capacity:4
Zoning:Comm
Roof:Composition,Fiberglass,Other
Sewer:Public Sewer
Parking Features:Off Street
Principal Interest
$8,182
Taxes
$500

Home Price

$1,500,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$300,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$8,182.05

Principal

Taxes

Principal Taxes HOA Total
Monthly $8,182.05 $500.00 $0.00 $8,682.05
Yearly $98,184.55 $6,000.00 $0.00 $104,184.55
Total $2,945,536.60 $180,000.00 $0.00 $3,125,536.60

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (Monterey, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-04T23:12:49.000Z

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