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907 Acosta Plaza, Salinas, CA 93905

Commercial property

907 Acosta Plaza, Salinas, CA 93905 Sold February 2023 CRMLS
$7,539,000Sold February 2023

Listing Agent: Hap Albers (DRE #01006595) · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Hap Albers · Albers Real Estate Investment Company · MLS #ML81913962 · Source: CRMLS

28,500
Building Sq Ft
51,646 sqft
Lot Size
1978
Year Built
R-H 2.1
Zoning
Commercial property
Type

About this commercial property

35 units in Salinas. The unit mix is 18 two-bedroom / one-bedroom townhouse units, 16 one-bedroom units, and one three-bedroom unit, which is used as the onsite managers unit. The complex has five buildings. The property management company has invested in capital improvements, repairs, upgrades, exterior painting, tree trimming, and many other improvements over the last several years. Rents were increased in the fall of 2022 and can be increased again in the fall of 2023. The GRM is 10.25.

Listing description from the February 2023 sale, as reported to CRMLS.

Sale history

$7,539,000
Sold February 2023 · listed $7,900,000, on market November 2022 · MLS #ML81913962 · Source: CRMLS
Listing Agent: Hap Albers · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Hap Albers · Albers Real Estate Investment Company
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