Castro ST, Salinas, CA 93906
Castro ST, Salinas, CA 93906
Castro ST, Salinas, CA 93906
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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088
Listed by Hap Albers • Albers Real Estate Investment Company, DRE#01006595
$4,199,000
Est. payment /mo
2 Beds
1 Bath
12,457 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 12,457 sqft

Price per Sqft $337

MLS Listing ID ML82047880

Style Ranch

Bedrooms 2

Full Baths 1

Year Built 1983

Lot Size 0.456 Acres

Property Sub-Type Five or More Units

Property Description

Rarely available Salinas 16-unit apartment complex. 9.64 GRM & a 6.31% cap rate with new Proposition 13 taxes. Unit mix is all 2-bed / 1 bath. Lots of positives: 1983 construction, most of the wood siding replaced in the last 3 years, deck replacement & repairs last 4 years, SB721 clearance, exterior repainted, complex-owned laundry equipment, and Jeld-Wen vinyl windows. Interiors have remodeled the kitchens, installed new lighting, fans, and flooring, and installed new bathroom fixtures. Most units have a private deck, enclosed patio, some of which are quite spacious. There are two offices - one for management and one for ownership. The North Salinas location is close to shopping, amenities, Costco, Target, Safeway, banks, and many restaurants. Easy access to Highway 101 and may employment centers.

Location

State CA

County Monterey

Area Northgate/Sherwood Gardens, Santa Rita

Zoning Residenital High Density

Rooms

Other Rooms Laundry Room, Office Area, Storage

Kitchen Countertop - Formica, Dishwasher, Hood Over Range, Oven Range - Electric, Refrigerator

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

Laundry Washer / Dryer

Exterior

Exterior Feature Back Yard, Balcony / Patio, Deck , Low Maintenance

Parking Features Assigned Spaces, Attached Garage, Off-Street Parking, On Street

Garage Spaces 1.0

Community Features None

Utilities Available Individual Electric Meters, Individual Gas Meters

View City

Roof Type Composition

Building

Lot Description Grade - Mostly Level

Foundation Concrete Perimeter and Slab, Concrete Slab

Sewer Sewer Connected

Water Individual Water Meter

Others

Restrictions None

Tax ID 253-061-027-000

Security Features None

Special Listing Condition Not Applicable

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Eddie Oberoi

Eddie Oberoi

+1(408) 771-4088

Agent | License ID: 01323567

Agent License ID: 01323567

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Castro ST