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In-PersonVirtual Tour
$2,850,000
Est. payment /mo
3.95 Acres Lot
UPDATED:
02/21/2025 05:26 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81994165
HOA Y/N No
Year Built 1968
Annual Tax Amount $31,350
Lot Size 3.949 Acres
Property Description
OPEN HOUSE TOUR THURS FEB 20TH FROM 11A-1P TO VIEW THE INTERIOR OF THE UNITS. This is a rare opportunity to acquire a 10-unit multi-family property spread across six buildings, featuring a desirable mix of three-bedroom and two-bedroom units in a high-demand rental market. The owner has renovated units as they have turned over and purposefully left 3 units vacant for the new owner to fill at market rate rents. This well-maintained asset offers a steady income stream, with room for rental growth and operational efficiencies. Diverse Unit Mix: (4) Three-bedroom units & (5) Two bedroom units, (1) large one-bedroom unit Strong Occupancy: High tenant retention with consistent rental demand Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment Prime Location: Located just off Highway 1 and situated near major employers, transportation, and amenities Stabilized & Income-Producing: Immediate cash flow with upside potential
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning RC
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 10
Roof Type Composition
Total Parking Spaces 10
Building
Water Public
Schools
School District Other
Others
Tax ID 117481034000
Special Listing Condition Standard
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Listed by James Kendall • Baird Partnership, Inc.