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Listed by Amy M. Salmina • Coast & Valley Properties, Inc.
$ 4,850,000
Est. payment | /mo
14,790 SqFt
$ 4,850,000
Est. payment | /mo
14,790 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 14,790 sqft
Price per Sqft $327
MLS Listing ID ML82045975
HOA Y/N No
Year Built 1964
Lot Size 15 Sqft
Property Sub-Type Other
Source Datashare MLSListings
Property Description
17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.
Location
State CA
County Monterey
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Water Public
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