650 E Franklin St, Monterey, CA 93940
OFF MARKET

650 E Franklin St
Monterey, CA 93940

Downtown
    (on 0.33 acres)

    Local Information

    Map showing home location
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    Description

    Owner Financing available for Commercial Listing or High Density Multi-Family in Monterey. Located close to Downtown Monterey, Fisherman's Wharf, and many more desirable amenities, this site offers almost 1/3 acre of flat usable space with a 1,132 sf building, currently occupied by a garden center. Tenant is month to month, but willing to stay. Rents are below market. 3.7% Cap Rate at current rents. Upside opportunity for investor or developer. Prime Monterey location. Property is also zoned for high density multi-family. Keep tenant in place and generate cash flow while you develop your plans. Terms 30% down, 4% interest only, amortized over 25 years due in 20. Please do not disturb tenants. Business is not for sale. Tenants wish to remain. Shown by appointment only.
    This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

    Home Highlights

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    HOA
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    Price/Sqft
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    Listed
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    Home Details for 650 E Franklin St

    Property Information

    Property Type / Style
    Property Type: Lot Land

    Lot Information

    Lot Area: 0.33 acres

    Price History for 650 E Franklin St

    DatePriceEventSource
    12/01/2021ListingRemovedMLSListings Inc
    11/11/2021$1,299,000Listed For SaleMLSListings Inc #ML81869892
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    Comparable Sales for 650 E Franklin St

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    6 Madison St, Monterey, CA
    0.49
    Lot/Land
    $115,000
    12/04/25
    -
    -
    140 Stephen Pl, Monterey, CA
    1.17
    Lot/Land
    $300,000
    11/14/25
    -
    -
    148 Stephen Pl, Monterey, CA
    1.19
    Lot/Land
    $300,000
    11/17/25
    -
    -
    136 Littlefield Rd, Monterey, CA
    1.74
    Lot/Land
    $190,000
    07/21/25
    -
    -
    4037 Costado Rd, Pebble Beach, CA
    1.92
    Lot/Land
    $610,000
    06/11/25
    -
    -
    801 Lyndon St, Monterey, CA
    1.68
    Lot/Land
    $245,000
    08/28/25
    -
    -
    300 Orange Ave, Seaside, CA
    2.04
    Lot/Land
    $550,000
    02/17/26
    -
    -
    711 Viejo Rd, Carmel, CA
    1.66
    Lot/Land
    $711,000
    06/20/25
    -
    -
    Hamilton Ave, Seaside, CA
    1.97
    Lot/Land
    $400,000
    08/22/25
    -
    -
    1296 Luxton St, Seaside, CA
    2.93
    Lot/Land
    $110,000
    07/11/25
    -
    -

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    Assigned Schools

    These are the assigned schools for 650 E Franklin St.
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    The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

    Neighborhood Overview

    Downtown
    See Local Highlights
    Neighborhood stats provided by third party data sources.

    What Locals Say about Downtown

    At least 9 Trulia users voted on each feature.

    • 86 % Say yards are well-kept

    • 80 % Say it's dog friendly

    • 78 % Say it's walkable to restaurants

    • 75 % Say car is needed

    • 67 % Say there are sidewalks

    • 64 % Say it's quiet

    • 63 % Say there's wildlife

    • 63 % Say it's walkable to grocery stores

    • 62 % Say people would walk alone at night

    • 60 % Say there's holiday spirit

    • 54 % Say parking is easy

    • 50 % Say streets are well-lit

    • 46 % Say neighbors are friendly

    • 40 % Say kids play outside

    • 36 % Say they plan to stay for at least 5 years

    • 29 % Say there are community events

    Sourced by Trulia users. Learn more about our methodology.
    • Trulia User
      "Homeless folk all over. Residence are super nice. Wealthy area. Traffic ain’t bad. A lot of older people live here. Good healthcare and hospitals "
      0
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    • Dulceagnelli
      "Small beautiful community nice area close to the beach, magnificent sunsets and view. Growth potential, stability "
      3
      Flag

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    Homes for sale near 650 E Franklin St

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    Off Market Homes Near 650 E Franklin St

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    Homes for rent near 650 E Franklin St

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    650 E Franklin St, Monterey, CA 93940 is a lot/land. 650 E Franklin St is located in Downtown, Monterey. This property is not currently available for sale.