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Listed by The C Group • Real Brokerage Technologies, DRE#70010221
$2,300,000
Est. payment /mo
3 Beds
3 Baths
5,853 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,853 sqft
Price per Sqft $392
MLS Listing ID ML82046180
Bedrooms 3
Full Baths 3
Year Built 1914
Lot Size 5,853 Sqft
Property Sub-Type Five or More Units
Property Description
Rare 11-unit rental property on a large lot in a convenient Salinas location. 1200 W Market Street offers a strong income-producing opportunity with a fantastic rent roll, steady renter pool, and close proximity to shopping, employment centers, dining, services, and commuter routes. The spacious lot provides ample storage, generous outdoor space, and flexibility for future value-add opportunities. With room for possible expansion and an ideal layout to explore additional development, this property presents meaningful upside potential for investors seeking both current income and long-term growth. A well-positioned multifamily asset in one of Salinas most accessible areas, offering scale, location, and future possibilities. Buyer to verify development potential, unit count, rents, zoning, and all property details.
Location
State CA
County Monterey
Area Ss
Zoning HDR 8
Interior
Heating Electric, Wall Furnace , Other
Cooling None
Exterior
Parking Features Common Parking Area, Detached Garage, Off-Street Parking
Garage Spaces 4.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Septic Connected
Water Water Treatment System, Well
Others
Restrictions None
Tax ID 207-011-020-000
Security Features Other
Special Listing Condition Not Applicable
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