416 Alvarado Street, Monterey, CA 93940

About this commercial property

First time on the market in over 70 years. 416 & 422 Alvarado Street is located in the heart of downtown Monterey, CA. This iconic three-story property is located directly next door to Alvarado Street Brewery and just three blocks from Fishermans Wharf. The ground floor of the building is leased to Walgreens, who has been a Tenant in the building since 1998. The second & third floors have nearly identical floor plans with eight residential apartment units on each floor, for a total of 16 units. There are six studio units and ten one-bedroom units. The second and third floors are accessed by a foyer off Alvarado Street that is improved with an internal stairwell and elevator, and a second stairwell attached to the rear of the building that provides access to Calle Principal. The individual apartment units are accessed by a central hallway on each floor.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$6,500,000

Sold September 2023 · listed $6,300,000, on market July 2023 · MLS #ML81934752 · Source: CRMLS

Listing Agent: Patrick Stafford · Listing Office: Baird Partnership, Inc. · Contact: 831-646-1919 · Bought with: Heman Galzie

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