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501 Fremont Street

Salinas, CA 93905
  • $1,949,000
  • STATUS: Active Under Contract
  • ON SITE: 94 Days
  • ID#: ML81957714
Under Contract
UPDATED: 120 min ago
$1,949,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1950
County:

School Ratings & Info

School District:
Listing Agent(s): Hap Albers of Albers Real Estate Investment Company (831-372-1922)


Description

Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T00:33:16.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
www.playavistaliving.com/homes/148621865
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501 Fremont Street Salinas, CA 93905

  • Price: $1,949,000
  • Status: Active Under Contract
  • On Site: 94 Days
  • Updated: 120 min ago
  • ID#: ML81957714
0
Beds
0
Baths
0
½ Baths
0.44
Acres
1950
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
School District:
Other
Property Description
Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.
Exterior Features

Carport Spaces 6 Carport YN Yes Parking Total 5 Roof Composition

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 160272 Insurance Expense 4000 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Maintenance Expense 9350 Other Expense 1000 Special Listing Conditions Standard Tax Annual Amount 22258 Trash Expense 6012 Zoning R-L-5.5 Residential Low D



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-18T00:33:16.533. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Team Tami | Palm Realty Boutique. Licensed in the State of California, USA.
 
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Team Tami | Palm Realty Boutique
323 Culver Blvd.
Playa del Rey CA, 90293
Listing Agent(s): Hap Albers of Albers Real Estate Investment Company (831-372-1922)