Property Description

Ocean Views, Vintage Charm & Rental Income in Old Monterey! Experience the charm of Old Monterey with this rare triplex offering ocean views and strong income potential. Set on a spacious 6,500 sq. ft. street-to-alley lot, the property features a 1,369 sq. ft. main home with 2 bedrooms and 1 bath vacant and ready for your vision. An attached 605 sq. ft. 1-bedroom, 1-bath unit rents for $1,795/month, while a detached 934 sq. ft. 2-bedroom, 2-bath unit with ocean views earns $2,450/month. A 2-car garage and flexible layout add to the appeal, making this an ideal opportunity to live in one unit while generating steady rental income or to create a dream compound. Located near the Wharf, MIIS, downtown Monterey, beaches, and all the natural beauty of the Monterey Peninsula, this is a truly special property with endless possibilities.

Features
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: No Common Walls
2
1
: 2.00
: Living room
: Other
: Central
: Public
: Public Sewer
MLS Addon
R 3-5
001375036000
6,507 Sqft
$0
2
Arlington
Arling
Miller
Other
$0
0 Sqft
0 Sqft
: Standard
19/08/2025 10:25:04
Listing courtesy of
Sotheby's International Realty
What is Nearby?
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Residential For Sale

338 WatsonStreet, Monterey, California, 93940

5 Bedrooms
3 Bathrooms (Full)
1,975 Sqft
Visits : 1 in 1 days
$1,525,000
Listing ID #ML82018507
Basic Details
Status : Active
Listing Type : For Sale
Property Type : Residential
Property SubType : Single Family Residence
Price : $1,525,000
Price Per Square Foot : $772
Square Footage : 1,975 Sqft
Lot Area : 0.15 Sqft
Year Built : 1954
View : Mountain(s)
Bedrooms : 5
Bathrooms : 4
Bathrooms (Full) : 3
Bathrooms (1/2) : 1
Listing ID : ML82018507
Agent info
Rina Maya
Designated Broker
Contact Agent
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