There are multiple listings for this address:
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.
Property Details
Price:
$1,525,000
MLS #:
ML82018507
Status:
Active
Beds:
5
Baths:
4
Address:
338 Watson Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
City:
Monterey
Listed Date:
Aug 19, 2025
State:
CA
Finished Sq Ft:
1,975
ZIP:
93940
Lot Size:
6,507 sqft / 0.15 acres (approx)
Year Built:
1954
See this Listing
Mortgage Calculator
Schools
School District:
Other
Interior
Cooling
None
Fireplace Features
Living Room
Heating
Central
Exterior
Garage Spaces
2.00
Parking Spots
2.00
Roof
Other
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address338 Watson Street Monterey CA
- Area699 – Not Defined
- CityMonterey
- CountyMonterey
- Zip Code93940
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338 Watson Street
Monterey, CA
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.
Property Details
Price:
$1,525,000
MLS #:
ML82018516
Status:
Active
Baths:
0
Address:
338 Watson Street
Type:
Residential Income
Subtype:
Single Family Residence
Neighborhood:
699notdefined
City:
Monterey
Listed Date:
Aug 19, 2025
State:
CA
ZIP:
93940
Lot Size:
6,507 sqft / 0.15 acres (approx)
Year Built:
1954
See this Listing
Mortgage Calculator
Schools
School District:
Other
Interior
Cooling
None
Fireplace Features
Living Room
Heating
Central
Exterior
Garage Spaces
2.00
Parking Spots
2.00
Roof
Other
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address338 Watson Street Monterey CA
- Area699 – Not Defined
- CityMonterey
- CountyMonterey
- Zip Code93940
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