LKV Realty
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$1,850,000
$6,000Reward *
1251 1St St, Monterey, CA 93940Listing ID 41076948

1251 1St St, Monterey, CA 93940

Active
Time on site: 663 days • Last updated: Aug 4, 2025
Property Type
Property Type
Residential Income
Property Sub Type
Property Sub Type
-
Acres
Acres
0.14
Days on Site
Days on Site
654
Cooling
Cooling
None
Heating
Heating
Wall Furnace
Year Built
Year Built
1950

Welcome to an exceptional investment opportunity featuring a prime commercial space, a four-unit apartment building with garage parking, and am additional, spacious parking lot. The commercial space, strategically located on a bustling street, boasts large windows that flood the interior with natural light, creating an inviting atmosphere for potential businesses. The four-unit apartment building offers modern living with well-appointed units making it an attractive option for renters. There are 3 single car garage spaces for storage or parking as well. This property will also include 1260 Del Monte Ave; a generous parking lot, convenient for both residents and customers. This multifaceted asset not only promises a steady income stream but also positions you in a vibrant community with endless potential for growth. Close to the Naval Postgraduate School, Fisherman’s Wharf, Del Monte beach, and downtown Monterey!

Property Information

Property Details

Location

Address
1251 1St St
County
Monterey
City
Monterey
Zip Code
93940

Interior Features

Heating and Cooling

Cooling
None
Heating
Wall Furnace

Building

Building Information

Year Built
1950
Construction
Stucco
Roof
Shingle
Loren Eva Ybarra • eXp Realty of California, Inc., (888) 584-9427

Market Report for 93940

* The market data shown is based on available information from Multiple Listing Service (MLS) and/or public records. Data provided is for informational and educational purposes only and may not represent the full housing market. For more accurate information, consumers should consult a certified appraiser or licensed real estate agent.

*Average of $2,150 in rewards is calculated based on the purchase or sale of a home between $400,000 to $449,000. The median home price for all housing types is in the United States is $405,400 as of 2025 as reported by the National Association of Realtors® (NAR). The actual reward amount may vary depending on the purchase or sales price of the home. Please see the Lakeview Home Rewards program terms and conditions for more details. The National Association of Realtors® is a registered trademark of the National Association of Realtors®.

Source: California Regional MLS
California Regional MLS logo

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

For corrections to this data please contact Brytecore MLS Support.

CCBE-159529526