$1,525,000
1,975
SQ FT
$772
SQ/FT
338 Watson Street
@ Franklin - 112 - Old Town Monterey, Monterey
- 5 Bed
- 4 (3/1) Bath
- 2 Park
- 1,975 sqft
- MONTEREY
-
-
Sat Aug 23, 2:00 pm - 4:00 pm
-
Sun Aug 24, 2:00 pm - 4:00 pm
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.
- Days on Market
- 3 days
- Current Status
- Active
- Original Price
- $1,525,000
- List Price
- $1,525,000
- On Market Date
- Aug 19, 2025
- Property Type
- Single Family Home
- Area
- 112 - Old Town Monterey
- Zip Code
- 93940
- MLS ID
- ML82018507
- APN
- 001-375-036-000
- Year Built
- 1954
- Stories in Building
- 2
- Possession
- Unavailable
- Data Source
- MLSL
- Origin MLS System
- MLSListings, Inc.
Monterey High School
Public 9-12 Secondary, Yr Round
Students: 1350 Distance: 0.4mi
Big Sur Charter School
Charter K-12 Combined Elementary And Secondary
Students: 95 Distance: 0.6mi
San Carlos Elementary School
Private K-8 Elementary, Religious, Coed
Students: 302 Distance: 0.6mi
Trinity Christian High School
Private 9-12 Religious, Nonprofit
Students: 120 Distance: 0.7mi
Pacific Lighthouse Academy
Private 1-12
Students: 17 Distance: 0.8mi
Trinity Christian High School
Private 6-12 Secondary, Religious, Nonprofit
Students: 127 Distance: 0.8mi
- Bed
- 5
- Bath
- 4 (3/1)
- Parking
- 2
- Attached Garage
- SQ FT
- 1,975
- SQ FT Source
- Unavailable
- Lot SQ FT
- 6,507.0
- Lot Acres
- 0.14938 Acres
- Cooling
- None
- Dining Room
- Formal Dining Room
- Disclosures
- Natural Hazard Disclosure
- Family Room
- Kitchen / Family Room Combo
- Foundation
- Concrete Perimeter and Slab
- Fire Place
- Living Room
- Heating
- Central Forced Air
- Fee
- Unavailable
MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.