739 Pajaro St - Apartments FOR SALE


Salinas, CA 93901- Greater Salinas
$5,250,000 USD
831-238-3592
739 Pajaro St, Salinas, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/9
null | 5.5% Cap Rate

739 Pajaro St
Salinas, CA 93901
Greater Salinas


HIGHLIGHTS

  • Located in the Maple Park Neighborhood of Downtown Salinas
  • Strong Tenancy and Rental Demand
  • Great Blend of Units

OVERVIEW

739 Pajaro Street and 109 Pine Street is a well located 22-unit apartment complex in the heart of Salinas California. The property is located close to downtown Salinas near South Main Street and Salinas High School. The configuration of the complex consists of six (6) Studio units, ten (10) One Bedroom-One Bath units, four (4) Two Bedroom-One Bath units, and two (2) Two Bedroom- Two Bath units. The subject property is comprised of two separate parcel numbers and includes seven (7) carports and four (4) garage spaces.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

22

PRICE/UNIT

$238,636

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pajaro Pines Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,155 SF

ZONING

RL 5.5

APN/PARCEL ID

002-456-023-000

ASK ABOUT THIS PROPERTY

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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