Bought with Hap Albers • Albers Real Estate Investment Company
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Key Details
Sold Price $7,539,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 28,500 sqft
Price per Sqft $264
MLS Listing ID ML81913962
Bedrooms 6
Full Baths 4
Year Built 1978
Lot Size 1.186 Acres
Property Sub-Type Five or More Units
Property Description
35 units in Salinas. The unit mix is 18 two-bedroom / one-bedroom townhouse units, 16 one-bedroom units, and one three-bedroom unit, which is used as the onsite managers unit. The complex has five buildings. The property management company has invested in capital improvements, repairs, upgrades, exterior painting, tree trimming, and many other improvements over the last several years. Rents were increased in the fall of 2022 and can be increased again in the fall of 2023. The GRM is 10.25.
Location
State CA
County Monterey
Area Es-68
Zoning R-H 2.1
Rooms
Kitchen Countertop - Formica, Countertop - Other, Countertop - Solid Surface / Corian, Countertop - Synthetic, Countertop - Tile, Hood Over Range, Oven Range - Electric, Refrigerator
Interior
Heating Electric
Cooling Other
Flooring Carpet, Laminate, Tile, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Exterior Feature Drought Tolerant Plants, Low Maintenance
Parking Features Carport , On Street
Utilities Available Individual Electric Meters
Roof Type Flat / Low Pitch
Building
Foundation Concrete Perimeter, Concrete Perimeter and Slab, Concrete Slab
Sewer Sewer Connected
Water Individual Water Meter
Others
Special Listing Condition Not Applicable
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