$7,900,000
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1.19 Acres Lot
SOLD DATE : 02/24/2023
Key Details
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81913962
Sold Date 02/24/23
HOA Y/N No
Year Built 1978
Annual Tax Amount $96,222
Lot Size 1.186 Acres
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 699 - Not Defined
Zoning R-H 2.1
Interior
Heating Electric
Fireplace No
Exterior
Carport Spaces 50
Roof Type Flat
Schools
Elementary Schools Other
High Schools Other
School District Other
Others
Tax ID 004321036000
Financing Conventional
Special Listing Condition Standard
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Bought with Hap Albers Albers Real Estate Investment Company
