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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

    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!

    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#: ML82010810MLS Logo

    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