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$ 4,850,000
Est. payment | /mo
14,790 SqFt
$ 4,850,000
Est. payment | /mo
14,790 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,790 sqft
Price per Sqft $327
MLS Listing ID ML82045975
HOA Y/N No
Year Built 1964
Lot Size 15 Sqft
Property Sub-Type Other
Property Description
17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.
Location
State CA
County Monterey
Zoning Mult
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 030074006000
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Listed by Amy M. Salmina • Coast & Valley Properties, Inc.
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