Monterey, TN Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Monterey, Tennessee Market population: 28K. Browse multifamily, office, retail, industrial, and mixed-use investment opportunities....
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📊 Avg Property Tax Rate For Monterey CA Properties: 1.0800%
⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
📊 Average Income For Monterey CA Commercial Property: $63,958
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
Investor Questions For Monterey CA
Common questions from investors exploring commercial real estate in Monterey CA.
What is the overall investment potential of Monterey, CA, considering its demographic and economic factors?
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The city's median household income of $63,958, combined with a relatively low poverty rate of 10.5% and high health insurance coverage of 91.6%, suggests a stable market with a strong potential for rental income. Additionally, the top industries, including Information and Public Administration, contribute to a diverse economy, while the 15.9-minute average commute time and high rate of health insurance coverage indicate a high quality of life for residents.
How does the ethnic diversity and foreign-born population impact the real estate market in Monterey, CA?
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The city's ethnic diversity, with top ethnicities including White, White Non-Hispanic, and Hispanic, and a foreign-born rate of 20.5%, suggests a culturally rich and potentially vibrant rental market. This diversity, combined with a strong employment population of 12,843 and top industries like Information and Wholesale Trade, may drive demand for housing and support a stable rental market.
What are the key factors to consider when evaluating the rental market in Monterey, CA?
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The rental market in Monterey, CA, is influenced by factors such as the median rent of $1,442, rent burden of 45.1%, and homeownership rate of 35.8%. Additionally, the city's low poverty rate of 10.5%, high health insurance coverage of 91.6%, and short average commute time of 15.9 minutes contribute to a stable and attractive rental market, making it an appealing option for investors.
How does the commute time and transportation options in Monterey, CA, affect the quality of life and real estate investment potential?
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The average commute time of 15.9 minutes in Monterey, CA, is relatively short, and the top commute methods, including driving alone, working from home, and carpooling, suggest a convenient and flexible transportation system. This, combined with a high health insurance coverage rate of 91.6% and a diverse economy with top industries like Information and Public Administration, contributes to a high quality of life and a strong potential for real estate investment.
What is the impact of income inequality and poverty rate on the real estate market in Monterey, CA?
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The GINI coefficient of 0.432 and poverty rate of 10.5% in Monterey, CA, indicate a relatively low level of income inequality and poverty. This, combined with a median household income of $63,958 and high health insurance coverage of 91.6%, suggests a stable and attractive real estate market, with a strong potential for rental income and long-term appreciation in property value.
Monterey CA Real Estate & City Facts
Key facts and real estate information about Monterey CA.
What are some of the best neighborhoods to live in Monterey?
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Some of the best neighborhoods to live in Monterey include New Monterey, Del Monte Grove, and the sunbelt area of Seaside. These neighborhoods offer a range of amenities, including walkable streets, great grocery stores, and vibrant mixes of shops, galleries, and restaurants. For example, New Monterey is close to Cannery Row, the Aquarium, and bayfront dining, making it a desirable area to live.
What are some fun things to do in Monterey?
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There are plenty of fun things to do in Monterey, including visiting iconic attractions like the Monterey Bay Aquarium, Point Lobos State Natural Reserve, 17-Mile Drive, Cannery Row, and Old Fisherman's Wharf. You can also explore the city's many parks, trails, and beaches, or take a stroll along the scenic Monterey Peninsula Recreational Trail. Additionally, the city hosts various events and festivals throughout the year, such as the Monterey Jazz Festival and the Monterey Seafood Festival.
What is the food scene like in Monterey?
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The food scene in Monterey is diverse and vibrant, with a range of restaurants serving everything from fresh seafood to authentic Mexican cuisine. Some popular spots include Stokes Adobe, El Charrito, and Old Fisherman's Grotto, as well as Abalonetti Bar and Grill, Café Fina, and Crabby Jim's. There are also plenty of great food trucks and casual eateries to choose from, making it easy to find something to suit every taste and budget.
What are the pros and cons of living in Monterey?
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The pros of living in Monterey include its stunning natural beauty, mild climate, and wide range of outdoor recreational activities. The city also has a strong sense of community, with many family-friendly events and festivals throughout the year. However, some of the cons of living in Monterey include the high cost of living, particularly when it comes to housing, and the tourist crowds that can overwhelm the city during peak season. Additionally, some areas of the city can be quite hilly, which may be a challenge for those with mobility issues.
Is Monterey a good place to live?
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Overall, Monterey is a great place to live for those who value natural beauty, outdoor recreation, and a strong sense of community. While it may have some drawbacks, such as a high cost of living and tourist crowds, the city's many amenities and attractions make it an attractive choice for many people. From its stunning coastline and scenic trails to its vibrant food scene and family-friendly events, Monterey has something to offer everyone. As with any city, it's worth weighing the pros and cons and considering factors like budget, lifestyle, and personal preferences before making a decision.
⭐ Featured
7-Unit Multifamily Value-Add Opportunity in Long Beach with 7% Cap Rate
$2,100,000
Long Beach
Multifamily
Cap Rate
7.00%
NOI
$144,960
Size
6,074 SF
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