1128 4th ST Monterey, CA
$ 5,850,000
Property Attributes
  • ID#ML81853941
  • TypeContingent
  • CountyMONTEREY
  • CityMonterey
  • AreaOak Grove
  • Zip93940
  • Style
  • Price$ 5,850,000
  • Bedrooms6
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage14096
  • Lot Size0.5162 Acres
Listing Provided Courtesy Of:
Hap Albers with Albers Real Estate Investment Company.
Data Source:
Property Description

Rarely available 17-unit complex in Monterey. This Oak Grove neighborhood complex is 5 blocks from the ocean, 2 block from Navy Post Grad School, & is close to CHOMP, MIIS, downtown Monterey, Ryan Ranch, and freeways. The unit mix consists of 4 one-bed units, a 3 bed/ 2 bath unit, & 12 2 bed / 1 bath units. The units are separately metered for water & PG&E. Each unit has its own hot water heater. Newly painted in 2020. Three separate parcels - no onsite management required. Street to street parcels. Addresses: 1128 & 1142 4th Street & 1135 5th Street. Two onsite laundry rooms with landlord-owned equipment. Income is based on August 2021 Rents.

Price History
7/16/2021 Listed $5,850,000

General Features

# of Buildings 3
Accessibility Other
Additional Rooms Storage
Age 39
City Limits (y/n) Yes
Cooling None
County Monterey
Flooring Carpet, Laminate, Tile, Vinyl / Linoleum
Heating Electric, Gas, Wall Furnace
Incorporated Y/n Yes
Listing Agent State License 01006595
MLS Area Oak Grove
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition
Security Features Security Lights
Special Listing Conditions Not Applicable
Status Contingent
Utilities Individual Electric Meters, Individual Gas Meters
Water Private / Mutual
Year Built 1982
Zoning Text R-3

Interior Features

Kitchen Countertop - Formica, Oven - Electric, Oven Range - Electric, Refrigerator
Laundry Features Coin Operated, Washer / Dryer
Living Sqft 14096
Unit 1 Rent 1512
Unit 2 Number Of Bedrooms 3

Exterior Features

Building Area Total 14096
Foundation Details Concrete Perimeter and Slab, Concrete Slab
Lot Acres 0.5162
Lot Size Area 22485.00
Lot Size Units Square Feet
Maximum Lot Size 22485.00
Meters Master Electric, Master Gas, Master Water, Separate Electric, Separate Gas, Separate Water
Parking Features Assigned Spaces, Carport, No Garage, On Street
Parking Spaces 3
Sewer/Septic Sewer Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 93940

AVG $1.81M
AVG 34
Year Built
AVG 1974
AVG 42
Data Provided by Walkscore ® not using MLS data

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