Excellent investment opportunity!! 4 Units on a large lot with plenty of parking for tenants. Unit mix is 1- 2 bedroom unit, 2- 1 bedroom units and 1- studio unit. Recent updates include new interior and exterior paint, new flooring, fully remodeled bathrooms, updated kitchen in back unit, new windows and updated electrical in some units. Overall condition is good and units are fully occupied and rented below market value. Plenty of room for on-site parking for tenants. This property offers solid cash flow, upside in rents and overall good condition for the next owner.
Off market
$822,646
1019 Pacific Ave, Salinas, CA 93905
--beds
0baths
1,935sqft
MultiFamily
Built in 1947
-- sqft lot
$-- Zestimate®
$425/sqft
$3,221 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- None
Features
- Flooring: Tile, Laminate
Interior area
- Total interior livable area: 1,935 sqft
Property
Lot
- Size: 8,184 sqft
Details
- Parcel number: 004373023000
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Composition
Condition
- Year built: 1947
Utilities & green energy
- Utilities for property: Public Utilities
Community & neighborhood
Location
- Region: Salinas
Other
Other facts
- Flooring: Tile, Laminate
- Garage Parking Features: Common Parking Area
- Lot Size Area Maximum Units: Square Feet
- Lot Size Area Minimum Units: Square Feet
- Roof: Composition
- Structure SqFt Source: Assessor
- Listing Type: Exclusive Right to Sell
- Water: Public
- Subclass: Fourplex
- Heating: No Heating
- Foundation: Concrete Perimeter, Concrete Slab, Post and Beam
- Utilities: Public Utilities
- Sewer Septic: Sewer - Public
- Additional Listing Info: Not Applicable
- Listing Class: Residential Income (2-4 units)
- Meters: Separate Electric, Separate Gas, Separate Water
- Unit 1 Number of Bedrooms: 2
- Unit 2 Number of Bedrooms: 1
- Unit 3 Number of Bedrooms: 1
- Unit 3 Rent: 1300
- Unit Type 1 Approx SqFt: 650
- Unit 4 Number of Bedrooms: 0
- Unit 2 Rent: 1300
- Unit 1 Rent: 1625
- Unit 4 Rent: 700
- Unit 2 Approx Square Footage: 546
- Unit 3 Approx Square Footage: 546
- Unit 4 Approx Square Footage: 253