500 GLENWOOD CI #139
Monterey, CA 93940
Complex: Ocean Forest

Unit 139 is one of the best locations in the Ocean Forest complex. It is a corner unit, on the third floor; this means there is very little noise from neighboring units, as there are no units above and only one to the side. The elevated location gives the unit a good view of the central courtyard, which consists of a very well maintained garden and pool. From the bedrooms the view, filtered through a couple of wonderful live oaks, is of Monterey Peninsula College, the city of Monterey, the Presidio, and the bay.

The current tenants hold a lease until the end of December, 2006, and they do not wish to move before then. This means that the buyer of #139 must be an investor, at least until the lease is up. The rent is $1250 per month. This is a good opportunity for someone who needs a good place to park 1031 money, or for someone who plans to move here in about two years, and would like to secure a place now.