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429 Larkin St
Monterey, CA 93940
Prime 6-Unit Multifamily Investment · Multifamily Property For Sale
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6 Units
Investment Highlights
- Diverse Unit Mix: (3) Two-bedroom units & (3) One-bedroom units
- Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment
- Stabilized & Income-Producing: Immediate cash flow with upside potential
- Strong Occupancy: High tenant retention with consistent rental demand
- Located in Downtown Monterey and situated near major employers, transportation, and amenities
- OPEN HOUSE: FRIDAY 3/28 1PM - 3PM
Property Facts
| No. Units | 6 | Lot Size | 0.21 AC |
| Property Type | Multifamily | Building Size | 6,351 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1956 |
| Zoning | R3 - Medium Density Residential Multifamily | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 6,351 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Zoning | R3 - Medium Density Residential Multifamily |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Yard
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Public Transportation
- Walk-Up
Property Taxes
| Parcel Number | 001-531-025-000 | Improvements Assessment | $287,596 |
| Land Assessment | $276,051 | Total Assessment | $563,647 |
Property Taxes
Parcel Number
001-531-025-000
Land Assessment
$276,051
Improvements Assessment
$287,596
Total Assessment
$563,647
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