11320 Sanchez St - Apartments FOR SALE


Castroville, CA 95012
$4,250,000 USD
831-757-1270
11320 Sanchez St, Castroville, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/11
null | 6.54% Cap Rate

11320 Sanchez St
Castroville, CA 95012


HIGHLIGHTS

  • Fully occupied 17-unit multifamily community with a uniform two-bedroom floor plan.
  • Newer roofs and select renovated interiors support ongoing asset performance.
  • Designated parking is provided for residents throughout the property.
  • On-site laundry facilities create additional income potential.
  • Convenient access to Highway 1 and Highway 183 connects residents to regional employment centers.
  • Opportunity to enhance revenue through continued interior modernization.

OVERVIEW

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 installed within the last five years. 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.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$263 USD /SF

# OF UNITS

17

PRICE/UNIT

$250,000

CAP RATE

6.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

15,002 SF

ZONING

HDR

APN/PARCEL ID

030-074-006-000

ASK ABOUT THIS PROPERTY

Amy SalminaCoast & Valley Properties, Inc.More Info
831-757-1270

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Amy SalminaCoast & Valley Properties, Inc.More Info
831-757-1270

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.