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$2,850,000
Est. payment /mo
8,098 SqFt
UPDATED:
02/21/2025 06:27 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,098 sqft
Price per Sqft $351
MLS Listing ID ML81994165
HOA Y/N No
Year Built 1968
Lot Size 3.949 Acres
Acres 3.95
Property Sub-Type Other
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
Zoning RC
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
View Y/N true
View Hills
Building
Water Public
New Construction No
Others
Tax ID 117481034000
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Listed by James Kendall • Baird Partnership, Inc.
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122