$4,700,000

Exceptional turnkey investment opportunity featuring 12 fully remodeled units perched atop the hill in highly desirable New Monterey. Each unit has been thoughtfully updated with upgraded flooring, new kitchens, beautifully remodeled bathrooms, and new windows, providing a modern and attractive living environment for tenants. Every unit also includes a private garage, while select units offer beautiful ocean views. A secure gated entrance provides added privacy and peace of mind for residents. The property also presents significant ADU potential for investors looking to expand and maximize the property's future upside. Ideally located near the DLI entrance and within close proximity to New Monterey, Pacific Grove, and Pebble Beach, this property offers exceptional convenience and access to some of the Monterey Peninsula's most sought-after destinations. With its extensive renovations, private garages, gated setting, ocean views, desirable location, and potential for future expansion, this is a rare opportunity to acquire a one-of-a-kind investment in the highly desirable Monterey market.