904 Salinas RD new Save Request In-Person Tour Request Virtual Tour
Royal Oaks,CA 95076
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,098 sqft
Price per Sqft $351
MLS Listing ID ML81994165
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