1150 8th Street, Monterey, California 93940, Monterey, 93940 - 0 bed, 0 bath
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Monterey, California 93940
Analysis of 1150 8th Street, Monterey, California 93940 is currently available with a list price of $1,775,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Monterey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
While originally built in 1928, the interior has undergone a high-end, modern renovation likely within the last 5 years. The kitchen features contemporary white shaker cabinetry and stainless steel appliances, while the bathrooms show modern tiling, fixtures, and vanities. The presence of recessed lighting and updated hardwood floors indicates a comprehensive update to the systems and finishes.
Situated just blocks from the beach and the Navy Post Graduate School, the property is in a high-demand area for both long-term renters and owner-occupants.
The triplex configuration allows for a versatile 'house-hacking' strategy where an owner can live in the main house while collecting rent from the two rear units.
With a mix of 3-bedroom, 2-bedroom, and 1-bedroom units, the property appeals to a broad tenant demographic, ensuring lower vacancy risks.
Built in 1928, the property likely requires ongoing maintenance and potential upgrades to aging electrical, plumbing, or structural systems.
The significant reduction from the original list price of $1.995M indicates a correction was necessary to align with buyer expectations or property condition.
1150 Eighth St in Monterey, California is located just blocks from the beach and the entrance to the Navy Post Graduate School, this three-unit residential property is perfect for an investor or someone who would like to live in the main house and collect rent from the duplex in the rear of the property. The main house is a three bedroom / two bath, and in the rear of the property above the two car garage is, both, a two bedroom / two bath unit, and a one bedroom / one bath unit.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1928 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 25, 2026
$1,775,000
$1,995,000
-11% Price Drop
Initial Listing
Feb 27, 2026
$1,995,000
Initial Listing