Excellent opportunity to own 2 commercial offices and 4 residential studios that sit on a well traveled main street. Great business frontage and desirable location creates a rare vacancy. Please do not disturb tenants. All tenants would like to stay so buy now and receive an immediate return on investment!
11 units. Remodeled interiors with lots of potential rental upside. 5.2% cap on current income with new taxes. 6.7% cap on proforma. Water is provided by well & filtered by onsite UCLA treatment system. Septic system. Two duplexes plus a Victorian house converted into 5 studios, a one-bedroom unit, and a two-bedroom unit. There is potential for increased income from renting out more garage spaces as storage.
DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 14 unit apartment building features twelve two-bedroom/one-bath units and (one) one-bedroom/one bath unit, plus a one studio apartment. Built in 1965 , the property offers building square footage of 9,720 square feet with lot size of 17,625 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools. Building features newer double pane windows, updated roof, fourteen covered parking and seven additional uncovered parking stalls spaces, this building is well maintained and has the upside potential you're looking for. Notice to tenants has been given for a 8% rent increase starting 1/1/2021. An additional 12 Units available in addition to these units for a total of 26 units.
Well maintained Triplex. Front home is a 3 bedroom, 1 bath and the back unit is two 1 bedroom, 1 bath units with a carport between them. Back units have recently been updated. Do not disturb tenants. Long term tenants with below market rents. All offers subject to visual inspection. Seller would prefer selling this property with 715 Meyers Court next door. Please do not disturb tenants! Roof recently replaced. Buyer and Buyers agent to verify property square footage.
Well maintained income property. 2 bedroom, 1 bath downstairs with Studio Apartment upstairs with private entry. Long term renters with below market rents. Ample parking and this unit comes with a coin op washer and dryer. Seller would prefer selling this property with 717 Meyers Court next door. Please do not disturb tenants! Roof recently replaced. Buyer and Buyers agent to confirm property square footage.
South Salinas Urban Area. Located outside the southern portion of the Greater Bay Area. Twenty+ minutes to Marina State Beach, Monterey Bay Amenities and Municipal Airport. Easy access to North and South Highway 101. Walk to schools including Hartnell Collage, restaurants and shopping. All units upgraded 3+ years ago. Super clean and easy to maintain investment property. GREAT RENTAL INCOME. Separate laundry room and garbage can area with guest parking. Each Unit has parking in carport with storage unit. Two units downstairs have patio with small yard. All rents are Active Rents, NOT projected rents!! Potential for higher rents!!
DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 12 unit apartment building features eight two-bedroom/one-bath units and (four) one-bedroom/one bath units. Built in 1971 , the property offers building square footage of 8,520 square feet with lot size of 13,263 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools and freeway access. Building features newer double pane windows, updated roof, twelve covered parking and six additional uncovered parking spaces, this building is well maintained and has the upside potential you're looking for. Two additional properties available for a total of 26 rental units. Notice to tenants has been given for a 8% rent increase starting 1/1/2021.
Opportunity is knocking! Four unit income property has three vacant units that are in move-in ready condition. Front unit is a one bedroom one bath unit that is rented. The three vacant units are two bedroom one bath units. There is a large community laundry area for your convenience. Spacious parking area. Live in one and rent the others. Many possibilities!
South Salinas Mix-Use Building with 9 private parking spaces or seller shall provide parking lot agreement. Detached 2 car garage/storage. Existing 4 bedrooms 1 bath unit on the second floor and can be built out to four dwelling units per the City of Salinas. Existing leases in place. Annual Gross Income $62,400.00. Cap Rate at asking price $835,000. is 5.1%!!! Great central location with excellent store frontage. Downstairs could be three separate businesses with three front door entrances and the potential to build four apartments with a projected value at $1.6M ++ *** Seller motivated and found a replacement property.
805 Elm Street , Looking for multiple units on over 1/2 acre lot . This rare property currently has three units . Each unit is three bedroom one bath . Each unit was renovated a few years ago . Each unit has separate PGE meters . Due to lot size garage / carports and potential units could be built , Buyers to verify square footage and zoning . Please do not disturb tenants . Great investment opportunity .
This extremely unique picturesque property is Located in the heart of John Steinbeck country.....Front home as Described by City of Salinas "Historical Society" 1989 report: "Significant for its architecture, one of the more Grand Queen Anne homes in the city". Built in 1910 this large unique victorian full of it original character, from the steeply pitched roof, gables and dormers, cozy porch to the hand carved wood railing staircase. Home is currently being used for residential use, but is zoned as mixed arterial frontage. Second home more contemporary build 3 bedroom 1 bath one story. Both of these homes are located on a over 12,000 sq ft oversized lot in hub of Salinas . These type of properties are extremely few and far between, and this one has infinite possibilities!