501 Fremont Street, Salinas, CA 93905
Commercial property
Sold June 2024
Listing Agent: Hap Albers (DRE #01006595) · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Miguel Amaya · Real Brokerage Technologies · MLS #ML81957714 · Source: CRMLS
About this commercial property
Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.
Listing description from the June 2024 sale, as reported to CRMLS.
Sale history