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Sold for $1,750,000 on 06/18/24
  • $1,750,000

    Fremont St, Salinas, CA 93905

    3beds
    3baths
    4,248sqft
    Five Or More Units
    Built in 1950
    -- sqft lot
    $1,688,000 Zestimate®
    $412/sqft
    $3,195 Estimated rent

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    $10,994/mo

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    What's special

    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.

    Zillow last checked: 8 hours ago

    Listing updated: December 21, 2024 at 02:38am

    Listed by:

    Hap Albers 01006595 831-372-1922,

    Albers Real Estate Investment Company 831-372-1922

    Bought with:

    Miguel Amaya, 02077749

    Real Brokerage Technologies

    Source: MLSListings Inc,MLS#: ML81957714MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Gas, Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Gas Oven/Range
    • Laundry: None
    Features
    • Flooring: Laminate, Tile, Vinyl Linoleum
    • Doors: None
    Interior area
    • Total structure area: 4,248
    • Total interior livable area: 4,248 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Carport
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 0.44 Acres
    Details
    • Parcel number: 004022014000
    • Zoning: R-L-5.5 Residential Low D
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units
    Materials
    • Foundation: Concrete Perimeter
    • Roof: Composition
    Condition
    • Year built: 1950

    Utilities & green energy

    • Gas: IndividualGasMeters

    Community & neighborhood

    Location
    • Region: Salinas

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan
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    $1,688,000
    2% more+$33,760
    With Zillow Showcase(estimated)$1,721,760