REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,995,000
Est. payment | /mo
5,854 Sqft Lot
$ 1,995,000
Est. payment | /mo
5,854 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82046180
HOA Y/N No
Year Built 1914
Annual Tax Amount $24,494
Lot Size 5,854 Sqft
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 699 - Not Defined
Zoning HDR 8
Interior
Heating Electric, Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 20
Building
Water Well
Schools
School District Other
Others
Tax ID 207011020000
Special Listing Condition Standard
Listed by The C Group Real Brokerage Technologies #70010221
NEARBY SCHOOLS & PROPERTIES
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”