.Excellent investment opportunity in a centrally located Monterey neighborhood! This five-unit- apartment property is conveniently situated on Ramona Avenue, just off Fremont Street, with easy access to shopping, dining, transportation, and all that the Monterey Peninsula has to offer. All five units are approximately the same size and are currently occupied. Each unit was updated in 2018 each unit is 1 bd with 1 bath, fresh interior paint, remodeled kitchens, and updated flooring. The property also offers plenty of on-site parking for residents. A wonderful opportunity to own a fully occupied five-unit investment property in a desirable and convenient Monterey location.
Del Monte Grove Laguna Grande, located between Del Monte Avenue and Canyon Del Rey Boulevard, is a coastal and residential Monterey neighborhood with lagoon-side open space and mid-century streetscapes. The neighborhood’s character concentrates around the Laguna Grande Regional Park trailheads, where boardwalk paths, birdlife, and cyclists set the daily rhythm. Housing leans toward ranch-style homes and low-slung apartments, with pockets of newer infill near major corridors. The landscape shifts from dune scrub to wetlands, with long views toward the Monterey Bay shoreline. For local culture, the nearby Monterey Fairgrounds, the Golden State Theatre, and the Monterey Museum of Art anchor the calendar beyond the neighborhood streets.
Provided by Walk Score and Local Logic
Offer insights
Ramona Ave · $1,500,000
$1.5M and above
75% chance or better to win
Why $1.5M+ is a strong offer
DAYS ON MARKET
38 days
The average home goes pending in 13 days.
SALE-TO-LIST
99.8%
Most homes are selling 0% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Living
Interior features
Updated bathrooms
Updated kitchens in some units
Refrigerator included
Bedrooms
Unit 2: 1 bedroom
Unit 3: 1 bedroom
Bathrooms
Updated baths
Kitchen
Refrigerator
Flooring
Laminate flooring
Tile flooring
Heating & cooling
Forced air heating
Exterior features
Guest parking
Parking lot
Home design
Commercial residential multi-units (5+)
Built in 1955
Zoned R-1
Parking
1 total parking space
Guest parking in parking lot
Construction
Building area approximately 2,681 total
Living area approximately 2,681
Utilities
Public sewer
Financial info
Cap rate: 6.41
Other
Annual tax amount listed
Electricity and solar
View estimated energy costs and solar savings for this home
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82058850
Sep 1, 2026
Listed
$1,500,000
$559/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,382 (+10.9%)
$61,531 + $68,860
$130,391
2024
$2,148 (+30.3%)
$60,325 + $67,510
$127,835
2023
$1,649 (+1.3%)
$59,143 + $66,187
$125,330
2022
$1,628 (+1.3%)
$57,984 + $64,890
$122,874
2021
$1,607 (+3.3%)
$56,848 + $63,618
$120,466
2020
$1,556 (−3.5%)
$55,734 + $62,371
$118,105
2019
$1,613 (+3.2%)
$55,163 + $61,732
$116,895
2018
$1,563 (+6.6%)
$54,082 + $60,522
$114,604
2017
$1,467 (+1.6%)
$51,983 + $58,173
$110,156
2016
$1,444 (+1.3%)
$51,983 + $58,173
$110,156
2015
$1,426 (+1.3%)
$50,964 + $57,033
$107,997
2014
$1,408 (+2.6%)
$49,216 + $55,077
$104,293
2013
$1,372 (+0.7%)
$49,216 + $55,077
$104,293
2012
$1,362 (+12.8%)
$48,994 + $54,829
$103,823
2011
$1,207 (+3.4%)
$48,034 + $55,254
$103,288
2010
$1,167 (−0.2%)
$47,093 + $52,700
$99,793
2009
$1,169 (+2.0%)
$46,742 + $52,307
$99,049
2008
$1,146
$46,854 + $52,432
$99,286
Public record
Public record
Zoning
Beds
5
Baths
5
Stories
1
Lot width
—
Lot depth
—
Lot size
6,059 Sq. Ft.
Year renovated
1955
Finished Sq. Ft.
2,681
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,681
Year built
1955
Style
Multi-Family (5+ Unit)
County
Monterey County
APN
013134033000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 24, 2026.
PC
ES
NF
Planned Community District
Establish a procedure for the development of large parcels of land in order to reduce or eliminate the rigidity, delays, and conflicts that otherwise would result from application of zoning standards and procedures designed primarily for small parcels; Ensure orderly and thorough planning and review procedures that will result in quality urban design; Encourage variety and avoid monotony in large developments by allowing greater freedom in selecting the means to provide access, light, open space, and amenity; Provide a mechanism whereby the City may authorize desirable developments, consistent with the General Plan and applicable area plans or specific plans, without inviting speculative rezoning applications, which, if granted, often could deprive other owners of development opportunities without resulting in construction of the proposed facilities; Encourage allocation and improvement of common open space in residential areas, and provide for maintenance of the open space at the expense of those who will directly benefit from it; Encourage the assembly of properties that might otherwise be developed in unrelated increments to the detriment of surrounding neighborhoods.
Zone overlays
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
2/10 Heat Factor
8 days above 76° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
5/10 Air Factor
8 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Monterey, CA • 93940
Average low and high temperatures (°F)
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Redfin Estimate for Ramona Ave
$1,456,782
$43K under list price of $1.50M
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