0 SW Corner San Carlos and 5th Avenue Carmel, CA 93923

Located at the SW Corner of San Carlos & 5th Avenue in the heart of Carmel-by-the-Sea, this mixed-use investment offers a rare opportunity to own a piece of one of California's most coveted coastal villages. Built in 1953 and situated on a 3,937 SF lot, the 4,449 SF building comprises six income-producing units. Three ground-floor commercial spaces (retail, deli, and spa) paired with three residential units generating stable in-place income in a market defined by scarcity and enduring demand. Just steps from Ocean Avenue's boutiques, galleries, and acclaimed restaurants, the property sits within a one-square-mile radius home to over 100 boutiques, 60 restaurants, and 50 galleries, in a town that welcomes more than four million visitors annually. Offered at $3,500,000, this is a compelling opportunity to secure a well-located, income-generating asset in one of the Central Coast's most affluent and enduring markets.