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Ilma's Inc.
573 Polk Street, Monterey, CA 93940
- $3,550,000
- Sold Price
- $3,550,000
- List Price
- $3,650,000
- Closing Date
- Mar 12, 2026
- Status
- CLOSED
- MLS#
- ML82030300
- Year Built
- 1926
- Lot Size
- 13,200
- Acres
- 0.30
- Days on Market
- 17
- Property Type
- Commercial
Property Description
Fantastic, highly desirable location, 1/2 block from downtown Monterey. A short stroll to stores, post office, Middlebury Institute, and the beach! All but one studio apartment is separately metered for gas and electric. Parking for up to 6 vehicles in the the rear, and on-site laundry facility for tenant convenience. Monterey is a strong rental market with a dearth of affordable housing. The property is zoned commercial. 15 apartments with corresponding water credits, nestled among the beautiful, historic adobes.
Additional Information
- Taxes
- $13,492
- Heat
- Electric
- Cooling
- Yes
- Roof
- Composition
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $297,320
Listing courtesy of Listing Agent: C. Della Sala (mtychuck@aol.com) from Listing Office: Pacific Street Real Estate, Inc..
Listing sold by Oscar Gutierrez from Bailey Properties
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.