498 Park Ave, Monterey, CA 93940

This 10 unit Apartment Complex is located in one of the most ideal neighborhoods in Monterey. Excellent proximity to The Naval Post Graduate School, Fisherman's Wharf and all that the City of Monterey has to offer. The accessibility of the location gives you a sense of ease and security but also allows convenient access to nearby towns, beaches, schools and local highways. All these factors lead to the continuous high demand for rental property in this area. This complex consists of 5 two-bedroom units, 4 one-bedroom units and a studio unit. Tenants pay their own PG&E and the landlord is responsible for sewer, garbage, water and common area PG&E. All units also have covered parking with storage and a shared coin-operated laundry room. There has been some updating in each unit as well as to the exterior decking, railing and landscaping. Rental income is based on the August 2021 rent roll.