Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82018516
MLS Source
MLSListings, Inc.
Days on Site
2
Interior Features
Cooling
None
Heating
Central Forced Air
Exterior Features
Roof
Other
Foundation
Concrete Perimeter and Slab
Parking, School, and Other Information
Garage/Parking
Attached Garage, Garage: 2 Car(s)
Elementary District
Monterey Peninsula Unified
High School District
Monterey Peninsula Unified
Sewer
Public Sewer
Water
Public
Zoning
R 3-5
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 1,369 | 2 | 1/0 | – |
| 2 | 605 | 1 | 1/0 | $1,795 |
| 3 | 934 | 2 | 2/0 | $2,450 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
338 Watson St is a Triplex in Monterey, CA 93940. This 1,975 square foot property sits on a 6,507 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,525,000 and was built in 1954. This address can also be written as 338 Watson St, Monterey, CA 93940.
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This listing information is up-to-date as of August 19, 2025. For the most current information, please contact Doug Steiny, (831) 236-7363
