Via Zaragoza

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Via Zaragoza

Monterey, CA 93940
Asking Price
$680K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel of land located on Via Zaragoza in Monterey.
  • Property measures 0.27 acres in total land area.
  • Current asking price for the site is $680,000.
  • Located within the 93940 zip code of California.
  • Site offers potential for diverse ground-up development projects.
  • Monterey remains an active coastal market for real estate investment.

What's Special

Priced at $680,000, this 0.27-acre parcel of land is positioned on Via Zaragoza in Monterey, California. The site occupies a strategic footprint in a region known for its established coastal economy and steady demand for development in the 93940 zip code. Monterey serves as a primary hub on the Central Coast, attracting consistent interest from investors and local stakeholders due to its significant tourism sector and high quality of life. This land parcel provides a foundation for various ground-up development projects, ranging from residential builds to specialized commercial use cases depending on municipal planning and zoning oversight. Investors looking to acquire inventory in this California submarket will find the property offers clear potential for future utility in a geographically constrained area. The surrounding infrastructure supports connectivity across the Monterey Peninsula, ensuring the location remains accessible to primary regional thoroughfares and services.

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NOI
$80,000
Cap Rate
11.76%
DSCR
1.98
Strong
Cash-on-Cash
19.43%
Monthly Payment
$3,364.269
Annual Cash Flow
$39,628.772

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