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$6,275,000
Est. payment /mo
0.5 Acres Lot
UPDATED:
12/08/2024 12:50 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81979058
HOA Y/N No
Year Built 1929
Annual Tax Amount $66,700
Lot Size 0.503 Acres
Property Description
The Pajaro Pines Apartments comprises 22 units in three separate buildings (14,656 sq. ft) on two separate parcels (21,933 sq. ft). The 739 Pajaro Street unit mix comprises six studios, two one-bedroom units, and six two-bedroom apartments. 739 Pajaro Street is a 10,806 sq. ft building on a 12,213 sq. ft lot. These units have a San Francisco apartment feel with high ceilings, some fireplaces, and large closets. 109 Pine Street consists of seven one-bedroom units with open beam ceilings. 109 Pine Street is a 3,850 sq. ft building on a 9,720 sq. ft. lot. The 22nd unit is a one-bedroom cottage. The property has been upgraded including the electric main panel, subpanels, and the rear stairs, which were engineered and constructed in 2010. The property has many other upgrades including windows, remodeled units, owned laundry equipment (expected to generate $600/month revenue), and painting. The flooring in most units is original hardwood.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning RL 5.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 7
Roof Type Composition,Flat
Total Parking Spaces 2
Schools
Middle Schools Washington
High Schools Salinas
School District Other
Others
Tax ID 002456023000
Special Listing Condition Standard
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Listed by Hap Albers • Albers Real Estate Investment Company