Salinas, CA 93905,Address not disclosed
Salinas, CA 93905,Address not disclosed
Salinas, CA 93905,Address not disclosed
$942,000
Est. payment /mo
$925,000
1.8%
Est.Price: ?

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7,832 Sqft Lot
SOLD DATE : 09/21/2021

Key Details

Sold Price $942,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81856939

Sold Date 09/21/21

HOA Y/N No

Year Built 1946

Annual Tax Amount $11,562

Lot Size 7,832 Sqft

Property Description

An unmissable investment opportunity with plenty of room for growth! This well-maintained, two-building complex stands out from its surroundings thanks to its cleanliness and charming exterior color scheme. All five units are currently leased and occupied at rents below the market average, meaning that there's still plenty of room to increase profitability. The square building on the corner of Beech and Garner houses four one-bedroom, one-bathroom units, while the adjacent two-story building on Beech houses four one-car garages on the first floor and a two-bedroom, one-bathroom unit that encompasses the entire second story and includes a bonus room. Unit square footages are approximately 425 sqft for the four smaller units and 742 sqft for the larger unit but these are not exact measurements. The complex also has a paved open space that can be used for additional parking. Four of the units are under a month-to-month contract, while the other unit is under a one year lease agreement.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning R-L-5.5

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Roof Type Tar/Gravel

Building

Water Public

Schools

School District Other

Others

Tax ID 004291007000

Financing Cash

Special Listing Condition Standard

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Terrance Scotton, Broker Associate

Terrance Scotton, Broker Associate

+1(626) 788-9299

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Sigifredo Ponce • Berkshire Hathaway HS Real Time Realty
Bought with Mike Handley • Town'N Country Realty

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Terrance Scotton, Broker Associate

+1(626) 788-9299

Broker Associate | License ID: 01707848 NMLS: 908256

Broker Associate License ID: 01707848 NMLS: 908256

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