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338 Watson Street, 
Monterey, CA 93940

$1,525,000


Bed


Bath


1,975

Sq Ft


Multi-Family

Active

Listed by

Doug Steiny

Sothebys International Realty

Last updated:

August 29, 2025, 04:29 PM

MLS#

82018516

Source:

CAREIL

About This Home

338 Watson Street

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.

Home Facts

Multi-Family

Built in 1954

Price Summary

1,525,000

$772 per Sq. Ft.

MLS #:

82018516

Last Updated:

August 29, 2025, 04:29 PM

Added:

10 day(s) ago


Rooms & Interior

Interior

Living Area:

1,975 Sq. Ft.


Structure

Structure

Building Area:

1,975 Sq. Ft.

Year Built:

1954


Lot

Lot Size (Sq. Ft):

6,507


Finances & Disclosures

Finances

Price:

$1,525,000

Price per Sq. Ft:

$772 per Sq. Ft.

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