$6,275,000
739 Pajaro Street Salinas, CA 93901
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Listed by Hap Albers • Albers Real Estate Investment Company
$6,275,000
Est. payment /mo
14,656 SqFt
Active
739 Pajaro Street Salinas, CA 93901
UPDATED:
09/14/2024 06:25 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,656 sqft
Price per Sqft $428
MLS Listing ID ML81979058
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1929
Lot Size 0.504 Acres
Property Description
The Pajaro Pines Apartments consists of 22 units in three separate buildings (14,656 sq. ft) on two separate parcels (21,933 sq. ft). The 739 Pajaro Street unit mix consists of six studios, two one-bedroom units, and six two-bedroom apartments. 739 Pajaro Street is a 10,806 sq. ft building on a 12,213 sq. ft lot. These units have a San Francisco apartment feel with high ceilings, some fireplaces, and large closets. 109 Pine Street consists of seven one-bedroom units with open beam ceilings. 109 Pine Street is a 3,850 sq. ft building on a 9,720 sq. ft. lot. The 22nd unit is a one-bedroom cottage. The property has been upgraded including the electric main panel, subpanels, and the rear stairs were engineered and constructed in 2010. The property has many other upgrades including windows, remodeled units, owned laundry equipment (expected to generate $600/month revenue), and painting. The flooring in most units is original hardwood.
Location
State CA
County Monterey
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Hardwood, Tile
Fireplace No
Appliance Refrigerator
Laundry Coin Operated
Exterior
Parking Type Covered
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