$2,850,000
$2,850,000
Est. payment /mo
UPDATED:
Key Details
Sold Price $2,850,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 8,098 sqft
Price per Sqft $351
MLS Listing ID ML81994165
Sold Date 03/18/25
Year Built 1968
Lot Size 3.949 Acres
Property Sub-Type Five or More Units
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 Hall Road, Las Lomas, Aromas
Zoning RC
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Carport , Common Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters
View Hills
Roof Type Composition
Building
Foundation Pillars / Posts / Piers
Sewer Existing Septic
Water Public
Others
Restrictions Pets - Not Allowed
Tax ID 117-481-034-000
Security Features None
Special Listing Condition Not Applicable
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Listed by James Kendall • Baird Partnership, Inc.
Bought with Raeid Farhat • Raeid Farhat Real Estate Inc
Bought with Raeid Farhat • Raeid Farhat Real Estate Inc