- 5 Beds
- 1,975 Sqft
- .15 Acres
- 7 DOM
338 Watson Street
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.
Essential Information
- MLS® #ML82018516
- Price$1,525,000
- Bedrooms5
- Bathrooms0.00
- Square Footage1,975
- Acres0.15
- Year Built1954
- TypeResidential Income
- Sub-TypeTriplex
- StatusActive
Community Information
- Address338 Watson Street
- Area699 - Not Defined
- CityMonterey
- CountyMonterey
- Zip Code93940
Amenities
- # of Garages2
Interior
- HeatingCentral
- CoolingNone
- # of Stories2
Exterior
- RoofOther
School Information
- DistrictOther
Additional Information
- Date ListedAugust 19th, 2025
- Days on Market7
- ZoningR 3-5
Listing Details
- AgentDoug Steiny
- OfficeSotheby's International Realty
Doug Steiny, Sotheby's International Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of August 26th, 2025 at 5:35am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.