OFF MARKET

Off Market Nov 2020 for $5M

—

•

13,482

sq ft

137 Ford Rd, Carmel Valley, CA 93924

About this home

Large units each with 2 walk-in closets, 2 regular closets and a linen closet. Double the size of other units and earning a very high rent per unit. These 2 bedroom 2 bathroom units are listed at a 4.7 cap with proven upside potential. The remodeled units are renting fast at $2500 plus both before and after Corona. If all units were rented at $2,500 the Gross would increase $50k to $360,000.00 without increasing expenses. This opportunity is three four plexes so that one might finance each unit individually at very low rates. Some units occupied over 10 years. These are very desirable, tenants can walk to the shops and restaurants in the village, or enjoy the open fields adjacent. Apartments are rare in Carmel Valley and demand is high. The income continues to increase so please review the most up to date financial information as it may be even further improved. Please be sure to visit https://bit.ly/3dC72Wv for COVID-19 rules for entering a home and best practices.

Multi-familyProperty Type

1972Year Built

1.12 acresLot Size

$378Price/Sq.Ft.

12 spacesParking

Listed by Monterey Monterey Peninsula Home Team •DRE #70000352 • KW Coastal Estates

Contact: 831-313-2289

Bought with RECIP RECIP •DRE #00000000 • Out of Area Office

Redfin checked: 3 minutes ago

•Source:MLSListings #ML81776180

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 93924, CA

Last updated August 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

95.5%

0.2% MoM

Median sale price

$1.4M

$156K MoM

Avg. days on market

78d

60 days MoM

Recently sold homes

4 MoM

New listings for sale

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3D WALKTHROUGH
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3D WALKTHROUGH
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3D WALKTHROUGH
$1,699,000
2 beds2 baths1,588 sq ft
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$2,195,000
5 beds4 baths4,078 sq ft
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$2,890,000
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See all

Provided by Redfin

Sale history for 137 Ford Rd

Year

Property tax

Land + Additions

Assessment*

2025

$13,118 (−32.1%)

$993,671 + $219,895

$1,213,566

2024

$19,324 (−1.5%)

$974,188 + $215,584

$1,189,772

2023

$19,626 (+3.3%)

$955,087 + $845,429

$1,800,516

2022

$19,006 (+1.0%)

$936,360 + $828,852

$1,765,212

2021

$18,813 (+39.1%)

$918,000 + $812,600

$1,730,600

2020

$13,526 (+1.8%)

$900,000 + $796,667

$1,696,667

2019

$13,283 (+60.3%)

$517,893 + $690,238

$1,208,131

2018

$8,289 (+3.5%)

$507,739 + $676,704

$1,184,443

2017

$8,006 (+1.9%)

$261,769 + $413,268

$675,037

2016

$7,859 (+1.2%)

$261,769 + $413,268

$675,037

2015

$7,763 (+0.9%)

$256,637 + $405,165

$661,802

2014

$7,692 (+1.8%)

$247,832 + $391,263

$639,095

2013

$7,557 (+162.0%)

$247,832 + $391,263

$639,095

2012

$2,885 (+18.5%)

$246,712 + $389,495

$636,207

2011

$2,434 (+0.8%)

$38,571 + $143,816

$182,387

2010

$2,414 (+10.0%)

$37,815 + $140,997

$178,812

2009

$2,195 (+2.0%)

$37,533 + $139,944

$177,477

2008

$2,151

$37,623 + $140,277

$177,900

Tax history for 137 Ford Rd

Year

Property tax

Land + Additions

Assessment*

2025

$13,118 (−32.1%)

$993,671 + $219,895

$1,213,566

2024

$19,324 (−1.5%)

$974,188 + $215,584

$1,189,772

2023

$19,626 (+3.3%)

$955,087 + $845,429

$1,800,516

2022

$19,006 (+1.0%)

$936,360 + $828,852

$1,765,212

2021

$18,813 (+39.1%)

$918,000 + $812,600

$1,730,600

2020

$13,526 (+1.8%)

$900,000 + $796,667

$1,696,667

2019

$13,283 (+60.3%)

$517,893 + $690,238

$1,208,131

2018

$8,289 (+3.5%)

$507,739 + $676,704

$1,184,443

2017

$8,006 (+1.9%)

$261,769 + $413,268

$675,037

2016

$7,859 (+1.2%)

$261,769 + $413,268

$675,037

2015

$7,763 (+0.9%)

$256,637 + $405,165

$661,802

2014

$7,692 (+1.8%)

$247,832 + $391,263

$639,095

2013

$7,557 (+162.0%)

$247,832 + $391,263

$639,095

2012

$2,885 (+18.5%)

$246,712 + $389,495

$636,207

2011

$2,434 (+0.8%)

$38,571 + $143,816

$182,387

2010

$2,414 (+10.0%)

$37,815 + $140,997

$178,812

2009

$2,195 (+2.0%)

$37,533 + $139,944

$177,477

2008

$2,151

$37,623 + $140,277

$177,900

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Permits

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

0.38 Acres

Year renovated

1972

Sq. Ft.

4,494

Year built

1972

Style

Other

County

Monterey County

APN

187512013000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 8, 2026.

Jul 16, 2025 • Final

Building permit application

Perform fire restoration work to return the building to its original condition.

Fire sprinkler

Nov 22, 2024 • Final

Building permit application

Remove asbestos drywall in four residential units.

Demolition

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Parking

Parking Information
Carport (Minimum): 12
Parking Description: Assigned Spaces, Carport, Lighted Parking Area
Parking Spaces: 12

Interior

Virtual Tour

Room Information
Kitchen Description: Countertop (Formica), Countertop (Granite), Countertop (Stone), Hood Over Range, Oven (Electric)

Interior Features
Laundry: Coin-Operated
Flooring: Carpet, Laminate

Heating & Cooling Information
Heating: Central Forced Air

Exterior

Exterior Features
View: Forest/Woods, Hills, Mountains, Pasture, Valley
Roof: Composition
Yard/Grounds: Balcony/Patio, Deck, Fenced

Building Information
# of Buildings: 3
Style: Traditional
Subclass: 5+ Units
Construction Type: Wood Frame
Concrete Slab

Property Features
Amenities: Walk-In Closet
Communication: Cable TV
Living Sq. Ft.: 13,482
Special Features: Other (See Remarks)

Property Information
Ownership Type: Individual
Property Primary ID: 613272
Restrictions: Age (No Restrictions), Parking Restrictions, Pets (Allowed)
Tenant Expenses: Services (Sewer), Utilities (Electric), Utilities (Gas), Utilities (Heating), Utilities (Water)

Land Information
Landscape Expense: $3,500

Lot Information
Lot Acres: 1.1205
Lot Description: Grade (Mostly Level)
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Other (See Remarks)
Zoning: HDR/B-6-D-S-R AZ

Financial

Tax/Assessment Information
Annual Tax Amount: $42,000
City Transfer Tax: No

Utilities

Utility Information
Energy Features: Low Flow Toilet
Meters: Primary Gas, Separate Electric, Separate Gas, Separate Water
Sewer Septic: Septic Standard
Utilities: Individual Electric Meters, Individual Gas Meters
Trash Expense: $5,180
Utility Expenses: $3,183

Water Information
Water: Individual Water Meter

Location

Multi-Unit Information
# of Units in Complex (Minimum): 12
Annual Rental Income: $305,400
Annual Gross Income: $311,400
Gross Rent Multiplier: 17.17
Gross Scheduled Income: $311,400
Other Income: $6,000
Other Expenses: $2,000
Total Expenses: $67,127

Unit Type 1 Information
# of Bedrooms: 2
# of Units (Total): 12
# of Baths (Full): 2
Approx Sq. Ft.: 1,100
Rent: $1,825

HOA Information
HOA Amenities: Common Utility Room

School Information
Elementary School District: Carmel Unified
High School District: Carmel Unified

Public facts

Beds: 8
Baths: 8.0
Sq. Ft.: 4,494
Stories: —
Lot Size: 0.38 acres
Style: Other
Year Built: 1972
Year Renovated: 1972
County: Monterey County
APN: 187512013000

Home facts updated by county records on Sep 8, 2026

Other

Miscellaneous Information
Incorporated: Yes

Around this home

Schools

Tularcitos Elementary School

Public K-5 • Assigned • 0.5mi

7/10

Carmel Middle School

Public 6-8 • Assigned • 10.4mi

7/10

Carmel High School

Public 9-12 • Assigned • 11.4mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

2% chance of being in a wildfire in next 30 years

2/10 Heat Factor

8 days above 85° expected this year, 21 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

8/10 Air Factor

15 unhealthy days expected this year, 15 days in 30 years

Provided by First Street

Historical weather

Carmel Valley, CA • 93924

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

Try the sun simulator tool to see how light moves across the property at different times of day and year.

Provided by Shadowmap

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Home values near 137 Ford Rd

Data from public records.

Address	Redfin Estimate
139 Ford Rd, Carmel Valley, CA 3 Beds \| 2.5 Baths \| 2136 Sq. Ft.	$1,405,105
125 Ford Rd, Carmel Valley, CA 3 Beds \| 2 Baths \| 1367 Sq. Ft.	$1,140,903

Address	Redfin Estimate
159 Ford Rd, Carmel Valley, CA 5 Beds \| 3 Baths \| 2952 Sq. Ft.	$1,719,264
140 Ford Rd, Carmel Valley, CA 3 Beds \| 4 Baths \| 1225 Sq. Ft.	$1,253,036

Address	Redfin Estimate
127 Ford Rd, Carmel Valley, CA 3 Beds \| 2.5 Baths \| - Sq. Ft.	$1,448,235
126 Ford Rd, Carmel Valley, CA 3 Beds \| 3 Baths \| 1896 Sq. Ft.	$1,530,058

Property information provided by MLSListings when last listed in 2019. This data may not match . Learn more.

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About this home

Redfin Estimate

Market trends in 93924, CA

Sale history for 137 Ford Rd

Tax history for 137 Ford Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 93924

Home values near 137 Ford Rd

More real estate resources