338 Watson Street, Monterey, CA 93940

Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
#1#2#3
338 Watson Street,Monterey, CA 93940
$1,525,000
  • 5 Beds
  • 4 Baths
  • 1,975 sq. ft.
  • Single family
  • Active
Upcoming open houses
  • Sat, Aug 23
    02:00 pm - 04:00 pm
  • Sun, Aug 24
    02:00 pm - 04:00 pm
Listed by:doug steiny
Office:sotheby's international realty
MLS#:ML82018507
Source:CRMLS

Price summary

  • Price:$1,525,000
  • Price per sq. ft.:$772.15

About this home

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.

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Home facts

  • Year built:1954
  • Listing Id #:ML82018507
  • Added:2 day(s) ago
  • Updated:August 22, 2025 at 04:43 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4
  • Full bathrooms:3
  • Half bathrooms:1
  • Living area:1,975 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:1954
  • Building area:1,975 sq. ft.
  • Lot area:0.15 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,525,000
  • Price per sq. ft.:$772.15
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