Ocean View Opportunity ~ This property has ocean views and renderings available with almost ready-to-pull permits. It is totally flexible to be a family retreat or income producer. Live in the upper portion and rent the lower portion or use the entire home as a complete single family home. It has lots of light, a spacious lot and plenty of available water credits. It currently has a mid-century vibe with a wood burning fireplace, vinyl windows, single car garage and new epoxy flooring. Property is located minutes from historic downtown Monterey, the wharf, MIS and DLI.
Under contract
$1,398,000
1028 W Franklin St, Monterey, CA 93940
2beds
1,242sqft
Est.:
Single Family Residence
Built in 1957
4,800 Square Feet Lot
$1,385,100 Zestimate®
$1,126/sqft
$-- HOA
What's special
Ocean viewsWood burning fireplaceSpacious lotSingle car garageVinyl windowsMid-century vibeLots of light
- 46 days
- on Zillow |
- 161 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 16, 2025 at 06:08am
Listed by:
Monika Campbell 01370848 831-917-8208,
Compass
Source: MLSListings Inc,MLS#: ML82013506

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Bedroom
- Features: BedroomonGroundFloor2plus
Bathroom
- Features: Tile, FullonGroundFloor
Dining room
- Features: DiningL
Family room
- Features: NoFamilyRoom
Kitchen
- Features: Countertop_Formica, ExhaustFan
Heating
- Central Forced Air
Cooling
- None
Appliances
- Included: Electric Cooktop, Exhaust Fan, Electric Oven, Refrigerator, Washer/Dryer
- Laundry: Inside
Features
- Flooring: Carpet, Other, Vinyl Linoleum
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 1,242
- Total interior livable area: 1,242 sqft
Property
Parking
- Total spaces: 1
- Parking features: Attached, On Street
- Attached garage spaces: 1
Features
- Stories: 1
- Exterior features: Back Yard, Barbecue, Fenced, Storage Shed Structure
- Fencing: Mixed Height Type
- Has view: Yes
- View description: Bay, City Lights, Mountain(s), Ocean
- Has water view: Yes
- Water view: Bay,Ocean
Lot
- Size: 4,800 Square Feet
- Features: Side Slope
Details
- Parcel number: 001243006000
- Zoning: res
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1957
Utilities & green energy
- Gas: PublicUtilities
- Utilities for property: Public Utilities
Community & HOA
Location
- Region: Monterey
Financial & listing details
- Price per square foot: $1,126/sqft
- Tax assessed value: $1,122,000
- Annual tax amount: $12,231
- Date on market: 7/7/2025
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
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