650 E Franklin St, Monterey, CA 93940
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Property image
OFF MARKET

650 E Franklin St
Monterey, CA 93940

Downtown
    (on 0.33 acres)

    Home Value

    Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.

    Comparable sales

    These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
    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
    -
    -
    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
    -
    -
    1809 Vallejo St, Seaside, CA
    3.32
    Lot/Land
    $260,000
    04/10/26
    -
    -
    7567 Paseo Vis, Monterey, CA
    3.59
    Lot/Land
    $1,150,000
    07/24/26
    -
    -
    0 Scenic, Carmel, CA
    3.87
    Lot/Land
    $140,000
    09/12/25
    -
    -
    1272 Portola Rd, Pebble Beach, CA
    4.50
    Lot/Land
    $2,500,000
    08/29/25
    -
    -
    25600 Via Malpaso, Carmel, CA
    4.42
    Lot/Land
    $4,500,000
    09/29/25
    -
    -

    Nearby home prices

    Get a sense of expected prices in the area by checking the value of nearby homes.
    Address
    Distance
    Price
    Bed
    Bath
    Sqft
    Status
    563 Pearl St, Monterey, CA 93940
    0.08
    $1,195,000
    3
    2
    1,302
    Recently Sold
    415 Figueroa St, Monterey, CA 93940
    0.10
    $1,162,500
    3
    1
    1,414
    Recently Sold
    518 Cortes St, Monterey, CA 93940
    0.09
    $792,000
    2
    1
    628
    Recently Sold
    581 Figueroa St, Monterey, CA 93940
    0.15
    $931,800
    2
    1
    1,020
    Off Market
    5 La Playa St, Monterey, CA 93940
    0.37
    $1,736,200
    2
    2.5
    1,156
    Off Market
    6 La Playa St, Monterey, CA 93940
    0.37
    $1,829,400
    2
    2.5
    1,156
    Off Market
    12 La Playa St, Monterey, CA 93940
    0.40
    $1,673,700
    2
    2.5
    1,156
    Off Market
    1043 5th St, Monterey, CA 93940
    0.38
    $2,250,000
    7
    7
    3,727
    For Sale
    19 La Playa St, Monterey, CA 93940
    0.41
    $1,625,000
    2
    2.5
    1,156
    Recently Sold
    1086 4th St, Monterey, CA 93940
    0.39
    $1,582,000
    3
    2
    1,800
    Off Market
    45 Monterey Dr #3, Lake Ozark, MO 65049
    0.37
    $1,311,000
    3
    3
    1,552
    Off Market
    Address Not Disclosed, San Juan, PR 00926
    0.37
    $395,000
    4
    2.5
    2,200
    For Sale

    Local Information

    • Map ViewExplore the area around 650 E Franklin St.
    • Schools1 Elementary School1 Middle School1 High School
    • Shop & Eat
    -- mins to
    Commute Destination

    Home Highlights

    Property Type
    Lot/Land
    Lot Size
    0.33 acres

    About this House

    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.
    650 E Franklin St, Monterey, CA 93940 is a lot/land in Downtown. It is currently off market. The Trulia Estimate rent is $2,923/month.

    Home Details for 650 E Franklin St

    Property Information

    Property Type / Style
    Property Type: Lot Land

    Lot Information

    Lot Area: 0.33 acres

    Price and Tax history

    DateEventPrice
    Dec 1, 2021
    Source: MLSListings Inc
    		ListingRemoved
    Nov 11, 2021
    Source: MLSListings Inc #ML81869892
    		Listed For Sale
    $1,299,000

    Market trends in Monterey

    Last updated July 2026
    Buyer'sMarketSeller'sMarket
    Avg. sale price
    $1.1M
    Sale-to-List Price
    98.3%
    Price per sq ft
    $707
    Available listings
    97
    1    MoM

    Around this home

    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
      Flag
    • Dulceagnelli
      "Small beautiful community nice area close to the beach, magnificent sunsets and view. Growth potential, stability "
      3
      Flag

    LGBTQ Local Legal Protections

    Frequently asked questions about 650 E Franklin St

    • Is Monterey a buyer's or seller's market?
      Monterey is currently a seller's market, based on recent for-sale activity.
    • What's the median sale price in Monterey?
      The median sale price in Monterey is $1.1M.
    • What do residents say about the Downtown neighborhood?
      Residents describe the Downtown neighborhood in Monterey, CA as well-kept, dog-friendly, and walkable to restaurants. See recently sold homes in Downtown, Monterey.
    • What are the closest schools to 650 E Franklin St?
      The closest schools to 650 E Franklin St in Monterey, CA are Monte Vista (Elementary/Middle, rated 6/10), Monterey High School (rated 8/10).

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    Apartments for Rent

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    Off Market Homes Near 650 E Franklin St

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