338 Watson Street, Monterey, CA 93940

About this single-family home

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 description from the September 2025 sale, as reported to CRMLS.

Sale history

$1,425,000

Sold September 2025 · listed $1,525,000, on market August 2025 · MLS #ML82018507 · Source: CRMLS

Listing Agent: Doug Steiny · Listing Office: Sotheby's International Realty · Contact: (831) 624-1566 · Bought with: Dorothy Coulter · EXIT Realty Consultants

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