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751 S Sanborn Pl, SALINAS, CA – $6,350,000

  • $6.4M Price
  • 16,400 Sqft
  • 1.29 Acres
  • $6.4M Price
  • 16,400 Sqft
  • 1.29 Acres

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751 S Sanborn Pl

Opportunity Zoned Asset, 5.92% in place Cap Rate. Proven Market rents 6.9% Cap, 10% cash on cash. Property appraised 2018 in excess of Asking price. Extensive improvements by owner require little if any CapX improvements. All units have either been remodeled or refurbished.Driveway completely redone for approx $70k.

Essential Information

  • MLS® #ML81766707
  • Price$6,350,000
  • Square Footage16,400
  • Acres1.29
  • Year Built1955
  • TypeMulti-Residential
  • Sub-TypeFive or More Units
  • StatusActive

Community Information

  • Address751 S Sanborn Pl
  • AreaIndustrial
  • CitySALINAS
  • CountyMonterey
  • StateCA
  • Zip Code93901

Amenities

  • UtilitiesPublic Utilities
  • Parking Spaces34

Interior

  • HeatingWall Furnace
  • CoolingNo Cooling

Exterior

  • Lot DescriptionGrade - Level
  • RoofComposition Roof
  • ConstructionWood Frame
  • FoundationConcrete Slab

Additional Information

  • ZoningIndustrial

Listing Details

  • AgentBarry Throgmorton
  • OfficePeninsula Realty
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Price Change History for 751 S Sanborn Pl, SALINAS, CA (MLS® #ML81766707)

Date Details Price Change
Active
Contingent (from Active)

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All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS.
All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.