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1008 Beech St Salinas, CA 93905

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For Sale
$1,350,000

Five-unit complex, excellent cash flow.

Property size:
2,402 SF

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

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Listing Contact
Angela Iglesias

Listing Agency: Paramount Properties Listing Agent: Angela Iglesias

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

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.
More about this property
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