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$4,600,000
Est. payment /mo
0.34 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82045975
HOA Y/N No
Year Built 1964
Annual Tax Amount $21,210
Lot Size 0.339 Acres
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
Area 699 - Not Defined
Zoning Multi-Family
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Available
Roof Type Other
Total Parking Spaces 17
Building
Water Public
Schools
School District North Monterey County Unified
Others
Tax ID 030074006000
Special Listing Condition Standard
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Listed by Amy M. Salmina Coast & Valley Properties, Inc. #01494129
NEARBY SCHOOL & BUSINESS
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