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    1008 Beech St Salinas, CA 93905

    Sponsored
    For Sale
    $1,350,000

    Five-unit complex, excellent cash flow.

    Property size:
    2,402 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a well-maintained five-unit multifamily property situated on a 0.18-acre lot at 1008 Beech Street in Salinas, California. The property comprises two buildings, offering a blend of residential and storage units. A fourplex building features four completely renovated one-bedroom, one-bathroom apartments, updated down to the studs in 2007. These units are known for their low maintenance and boast a history of long-term tenants, providing consistent rental income. The second building adds to the property's appeal with four sizable storage units situated below a spacious one-bedroom, one-bathroom apartment. This upper unit includes both a balcony and a porch, enhancing its desirability. The entire property is situated on a conveniently sized 0.18-acre lot, minimizing upkeep and maximizing efficiency. With a total of 2,402 square feet of space, this property offers a compelling combination of residential and storage rental income potential. Priced at $1,350,000, this Salinas multifamily property represents a strong investment opportunity for those seeking stable cash flow and long-term growth potential in a desirable California location. The existing long-term tenants contribute to a predictable and reliable income stream.

    Property Features for 1008 Beech St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,402 SF
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1946
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6128
    Latitude
    36.68316

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    FAQs

    What type of property is this?
    Commercial real estate - Five-unit complex, excellent cash flow.
    Where is this commercial real estate located?
    The property is located at 1008 Beech St Salinas, CA.
    What is the asking price?
    The asking price for this property is $1,350,000.
    (831) 372-6050
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    1008 Beech St Salinas, CA 93905
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    Salinas, CA 93905
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1008 Beech St Salinas, CA 93905
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