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Key Details
Sold Price $1,750,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,248 sqft
Price per Sqft $411
MLS Listing ID ML81957714
Sold Date 06/18/24
HOA Y/N No
Year Built 1950
Annual Tax Amount $22,258
Lot Size 0.441 Acres
Acres 0.4408
Property Description
Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-L-5.5 Residential Low D
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Wall Furnace
Cooling None
Fireplace No
Laundry None
Exterior
Carport Spaces 6
Roof Type Composition
Total Parking Spaces 5
Schools
School District Other
Others
Tax ID 004022014000
Financing Conventional
Special Listing Condition Standard
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Bought with Miguel Amaya • Real Brokerage Technologies
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