Log In/Sign Up
Your email has been sent.
883 Lighthouse Ave 2,500 SF Vacant Retail Building Monterey, CA 93940 $2,044,410 CAD ($817.76 CAD/SF) 4.69% Cap Rate
Executive Summary
Very unique opportunity to own a freestanding mixed-use property in the heart of Monterey. This charming 1930s-era building features a ground-level commercial component with a retail storefront and hair salon, along with two residential apartments. Above the main building is a spacious two-bedroom, one-bath apartment, while the rear of the property offers a large, detached one-bedroom, one-bath apartment, providing excellent flexibility for owner-users or investors. Owned by the current seller since the 1990s, the property reflects decades of pride of ownership and character. Ideally located just a couple of blocks from the Monterey Bay Aquarium, adjacent to Starbucks, and within the heart of the revitalized Lighthouse Avenue business district, this is a rare chance to own a true piece of Monterey.
Co-listed with Debra Buonaguidi, DRE# 01905625 (831) 917-1979
Co-listed with Debra Buonaguidi, DRE# 01905625 (831) 917-1979
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
C
Year Built
1966
Price
$2,044,410 CAD
Price Per SF
$817.76 CAD
Cap Rate
4.69%
NOI
$95,883 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.51
Lot Size
0.11 AC
Zoning
C - Commercial, Lighthouse District
Frontage
58’ on Lighthouse Avenue
Amenities
- Signage
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (72)
Nearby Major Retailers
Property Taxes
| Parcel Number | 001-074-002-000 | Improvements Assessment | $177,116 CAD |
| Land Assessment | $416,336 CAD | Total Assessment | $593,452 CAD |
Property Taxes
Parcel Number
001-074-002-000
Land Assessment
$416,336 CAD
Improvements Assessment
$177,116 CAD
Total Assessment
$593,452 CAD
1 of 49
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
883 Lighthouse Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.