Rare redevelopment opportunity in prime Monterey! Highly walkable, this lot is just 2 miles away from the coast and less than a mile from Monterey Peninsula College and Del Monte Shopping center. . Sold As Is . . 127 is to be sold together with neighbor lot 121. Both of these properties have city approved reports showing they are Not Historic. Lot 127 El Dorado is currently an active rental, please be courteous and do not disturb the tenants.