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Sold on 07/16/2026
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700 David Ave, Monterey, CA 93940

$1,550,000

Last sold 07/16/2026 after 112 Days

  • 4

    bed

  • 4

    bath

  • 2,235

    Sqft ($694/Sqft)

Multi-family not for sale
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About 700 David Ave

Property type Multi-family
Neighborhood
Year built 1987
HOA fee $0/month
Lot size 6,098 Sqft
Movoto estimate
Property description
Ideally located on a large corner lot just blocks from the bay, Cannery Row, Monterey Bay Aquarium, restaurants, shopping, the scenic recreation trail, public transportation and more. Built by the current owner's family in 1987, this is the first time this property has been on the market. The foundation of the building is a reinforced concrete carport with 5+ parking spaces and storage for each unit. The apartments are on the second level, taking advantage of the bay views. This fully occupied fourplex has a strong rental history making it an excellent investment and key asset for your portfolio.
Listed by
Listing Agent - Jeannie Ferrara
Listing Office - Coldwell Banker Realty
Source: MLSListings mls logo
MLS#ML82043619 • last updated 3 months ago
Movoto checked MLSListings for data 1 minute ago
Overview
Cooling/AC None
Heating Electric
Levels/Style Contemporary
Type Residential Income (2-4 Units)
MLS # ML82043619
SqFt 2235
SubType Fourplex
Year Built 1987
Interior
Laundry Washer / Dryer
Kitchen Cooktop - Electric, Countertop - Formica, Dishwasher, Garbage Disposal, Oven - Electric, Refrigerator
Flooring Carpet, Vinyl / Linoleum
Accessibility Features None
Exterior
Foundation Concrete Slab, Reinforced Concrete
Roof Composition
Construction Concrete, Wood Frame
Garage/ Parking Desc Assigned Spaces, Carport, Enclosed, Guest / Visitor Parking, Off-Site Parking, Off-Street Parking
# Parking Spaces 5
Amenities / Utilities
Water Sources Individual Water Meter, Public
Sewer/ Septic Sewer - Public
Utilities Individual Electric Meters, Individual Gas Meters, Public Utilities
Security Features Security Lights
Location
View Bay, City Lights, Hills, Mountains, Ocean
County Monterey
Area New Monterey
APN 001-087-005-000
Zoning R-3-5
Multifamily Details
Unit 4: # Bedrooms 1
Unit 1: # Full Baths 1
Unit 3: SqFt 559
Unit 1: # Bedrooms 1
Unit 1: Rent 2096
Unit 2: # Bedrooms 1
Unit 2: # Full Baths 1
Unit 4: Rent 2175
Unit 3: # Bedrooms 1
Unit 4: SqFt 559
Unit 4: # Full Baths 1
Unit 2: SqFt 559
Unit 2 Rent 2096
Unit 1: SqFt 559
Unit 3 Rent 2123
Unit 3: # Full Baths 1
Total # of Units 4
# Buildings 1
$1.57M
Range: $1.43M-$1.71M
Last 30 days 
  • Jul 2026
    mls logo MLS # ML82043619
  • Jul 17, 2026 Sold
    $1,550,000 (-3.1%)
  • Jun 30, 2026 Pending
    —
  • Jun 11, 2026 Contingent
    —
  • May 18, 2026 Listed
    —
  • Apr 29, 2026 Contingent
    —
  • Apr 18, 2026 Listed
    $1,600,000
  • Apr 18, 2026 Listed
    $1,600,000
  • Year Property taxes Tax assessment
  • 2024
    $3,818 +11.6%
    $299,010
  • 2023
    $3,422 +1.4%
    $299,010 +4.04%
  • 2022
    $3,376 +1.4%
    $287,401
  • 2021
    $3,329 +3.7%
    $287,401 +3.06%
  • 2020
    $3,211 -4.3%
    $278,879
  • 2019
    $3,354 +3.8%
    $278,879 +2.0%
  • 2018
    $3,230
    $273,412
  • 700 David Ave
    $1.55M
  • New Monterey
    $1.2M -3% y/y
  • 93940
    $1.25M +1% y/y
  • Monterey
    $1.35M +8% y/y
No chart available
Statistics calculated by Movoto

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5/10
Monte Vista
public Grades K-8
Monterey Peninsula Unified School District
7/10
Monterey High School
public Grades 9-12
Monterey Peninsula Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
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  • 700 David Ave
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