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!
Sold for $3,000,000 on 08/05/25
$3,000,000
Wainwright St, Monterey, CA 93940
--beds
--baths
6,212sqft
Five Or More Units,
Built in 1974
-- sqft lot
$2,999,900 Zestimate®
$483/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: August 05, 2025 at 08:02am
Listed by:
Bill Backus 01332230 831-262-9730,
Backus Properties
Bought with:
Peter Baird, 00533485
Baird Partnership, Inc.
David Baird, 02282077
Baird Partnership, Inc.
Source: MLSListings Inc,MLS#: ML82010810

Facts & features
Interior
Kitchen
- Features: Countertop_SolidSurfceCorian
Heating
- Central Forced Air Gas, Fireplace(s)
Cooling
- None
Appliances
- Included: Disposal, Range Hood, Electric Oven, Varies By Unit
- Laundry: Coin Operated
Features
- Flooring: Carpet, Hardwood, Laminate, Other, Tile, Vinyl Linoleum
Interior area
- Total structure area: 6,212
- Total interior livable area: 6,212 sqft
Property
Parking
- Total spaces: 5
- Parking features: Carport, Detached, On Street
- Garage spaces: 5
- Has carport: Yes
Accessibility
- Accessibility features: Parking
Lot
- Size: 9,583 sqft
Details
- Parcel number: 001353036000
- Zoning: multi
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units,
Materials
- Foundation: Block, Concrete Perimeter
- Roof: Composition, RolledHotMop
Condition
- Year built: 1974
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Monterey
Other
Other facts
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$2,999,900
2% more+ $59,998
With Zillow Showcase(estimated)
$3,059,898