California
Monterey
338 Watson Street

$1,525,000

338 Watson Street, Monterey, CA 93940

5 beds |
4 baths |
1,975 sqft

Single-Family Home
Built in 1954
6,508sqft lot
2 car garage
$772/sqft
Listed 3 days ago

Property Description

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.

Listing Status:: Active
Date Added:: August 19, 2025 at 05:00AM
Listing Office:: Sotheby's International Realty : (831) 624-1566
Listing Agent:: Doug Steiny : 831-236-7363
MLS ID:: ML82018507

A/C: None
Heating: Central
Fireplace: Living RoomFireplace

This listing courtesy of Doug Steiny, Sotheby's International Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Monte Vista

251 Soledad Dr, Monterey, CA, 93940

Grades KG-5

0.96 miles away

Walter Colton

100 Toda Vis, Monterey, CA, 93940

Grades 6-8

0.95 miles away

Monterey Peninsula Unified School District Community Day High School

200 Coe Ave, Seaside, CA, 93955

Grades 9-12

0.48 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.