883 Lighthouse Ave

Monterey, CA 93940

$1,500,000
Price
—
Beds
—
Baths
2,633 Sq. Ft.
$570 / Sq. Ft.
2,633
Sq. Ft.
$570
per Sq. Ft.
New
New

Description

Very unique opportunity to own a freestanding mixed-use property in the heart of Monterey. This charming 1930s-era building features a ground-level commercial component with a retail storefront and hair salon, along with two residential apartments. Above the main building is a spacious two-bedroom, one-bath apartment, while the rear of the property offers a large, detached one-bedroom, one-bath apartment, providing excellent flexibility for owner-users or investors. Owned by the current seller since...Very unique opportunity to own a freestanding mixed-use property in the heart of Monterey. This charming 1930s-era building features a ground-level commercial component with a retail storefront and hair salon, along with two residential apartments. Above the main building is a spacious two-bedroom, one-bath apartment, while the rear of the property offers a large, detached one-bedroom, one-bath apartment, providing excellent flexibility for owner-users or investors. Owned by the current seller since the 1990s, the property reflects decades of pride of ownership and character. Ideally located just a couple of blocks from the Monterey Bay Aquarium, adjacent to Starbucks, and within the heart of the revitalized Lighthouse Avenue business district, this is a rare chance to own a true piece of Monterey.
  1. Listed by Monterey Peninsula Home Team • DRE #70000352 • Brokerage DRE #01527814 • KW Coastal Estates • 831-594-3290
  2. Listed by Debra Buonaguidi • DRE #01905625 • Brokerage DRE #01905625 • Monterey Real Estate Firm

Property Details for 883 Lighthouse Avenue

MLS City Name
MONTEREY
Garage Spaces
0
Parking Spaces
4
Cross Street
David Ave
LISTING UPDATED: 01/27/2026 11:40 AM

Property Details for 883 Lighthouse Avenue

StatusActive
MLS #ML82032663
Days on CompassListed Today
Taxes$6,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units / Duplex
Year Built1966
Lot Size0.11 AC / 4,800 SF
CountyMonterey County

Location

Listing Courtesy of KW Coastal Estates, Monterey Peninsula Home Team, DRE #70000352; Monterey Real Estate Firm, Debra Buonaguidi, DRE #01905625
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Building Information for 883 Lighthouse Avenue

Stories2Residences2Year Built1966Building Size-Lot Size0.11 AC / 4,800 SF

Payment Calculator

$7,811 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,311

Property Taxes

$500

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 883 Lighthouse Avenue

Features
External Links
Room Information
  • Kitchen: Cooktop - Gas, Countertop - Tile, Varies by Unit
Features
  • Flooring: Laminate, Tile, Vinyl / Linoleum
  • Living SqFt: 2633
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, No Garage, Off-Street Parking, On Street, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Cannery Row/Lighthouse Business District
  • Roof: Composition, Fiberglass, Other
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 883
  • Street Name: Lighthouse
  • Street Suffix: Avenue
  • Area ID: 111
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 2633
  • Structure SqFt Source: Other
  • Age: 60
Development Information
  • Ownership Type: Trust
  • Zoning Detail: Comm
Location Information
  • City Limits: Yes
  • Incorporated: No
  • Parcel Number: 001-074-002-B
  • County Name: Monterey
  • City Name: MONTEREY
  • City Postal ID: 38
  • Postal Code: 93940
  • Elementary School District: 438
  • High School District Text: Monterey Peninsula Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $6,000
  • Building Unit Total: 2
  • Capitalization Rate: 4.69
  • Tenant Expenses: Rent Only
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,000
  • Expense Landscape: $3,200
  • Expense Maintenance: $1,000
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $1,000
  • Expenses Utility: $0
  • Expenses Total: $14,200
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities
  • Gross Rent Multiplier: 17.73
  • Income Annual Gross: $84,600
  • Income Annual Rental: $84,600
  • Income Gross Scheduled: $84,600
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,650
Unit 2 Information
  • Unit 2 Approx Square Footage: 739
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $1,950
Unit Type 1
  • Unit Type1 Approx SqFt: 631

Property History for 883 Lighthouse Avenue

DateEvent & SourcePriceAppreciation
Jan 27, 2026

Listed (Active)

MLSListings #ML82032663

$1,500,000—
DateEvent & SourcePrice
01/27/2026

Listed (Active)

MLSListings #ML82032663

$1,500,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 883 Lighthouse Avenue

Taxable ValueLand$306,355Additions$130,328Total$436,683
Tax Record2025$5,157 ($430 / month)
Home Facts
Baths1.5Total Finished SqFt1,788 SqFtAbove Grade Finished SqFt1,788 SqFtStories2Lot Size4,800 SqFtStyleMiscellaneous CommercialYear Built1966CountyMONTEREYAPN001-074-002-000

Schools near 883 Lighthouse Avenue

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Monte Vista
Public - K to 8
Monterey High School
Public - 9 to 12
Monterey Peninsula Unified School District Community Day Middle
Public - 6 to 8
Monterey Peninsula Unified School District Community Day
Public - 9 to 12
Rating
School
Distance
Monte Vista
PublicK to 8

Monterey High School
Public9 to 12

Monterey Peninsula Unified School District Community Day Middle
Public6 to 8

Monterey Peninsula Unified School District Community Day
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 883 Lighthouse Avenue, Monterey, CA 93940

883 Lighthouse Avenue is a multi-family home for sale in Monterey, CA 93940. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include Monte Vista, Monterey High School and Monterey Peninsula Unified School District Community Day Middle. 883 Lighthouse Avenue is a 0-bed, 0-bath, 2,633 sqft multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Coastal Estates, Monterey Peninsula Home Team, DRE #70000352; Monterey Real Estate Firm, Debra Buonaguidi, DRE #01905625

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.