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Key Details
Sold Price $6,150,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81952566
Sold Date 07/25/24
HOA Y/N No
Year Built 1977
Annual Tax Amount $69,300
Lot Size 0.689 Acres
Property Description
Piini Realty is pleased to present this offering of a 28-unit apartment complex located in Soledad. The complex is comprised of three separate buildings with a total of 28 dwelling units including eight 2-bedroom/1-bath units, sixteen 1-bedroom/1-bath units and four studios with an average size of 679 square feet per dwelling unit. Many of these units have been extensively remodeled within the past five years including new kitchens, new bathrooms, new heating units, remodeled balconies and much more. There are 34 on-site parking stalls with 7 enclosed garages, 19 covered carport stalls and 8 open parking stalls. The current owner occupies 17 units for employee housing, but these units can be delivered vacant and available to lease at current market rent. The remaining 11 units are leased to residents with rents that were increased on August 1, 2023. The property is a very well-maintained complex from the landscaping to building finishes and has enjoyed consistent rental demand with very little turnover.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 19
Roof Type Composition
Total Parking Spaces 8
Building
Lot Description Level
Water Public
Schools
School District Other
Others
Tax ID 022014014000
Financing Conventional
Special Listing Condition Standard
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Bought with Narciso Lara • Coast to Valley Realty
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Terrance Scotton, Broker Associate
Broker Associate | License ID: 01707848 NMLS: 908256
Broker Associate License ID: 01707848 NMLS: 908256