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    Central Ave Salinas, CA 93901

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    For Sale
    $1,750,000

    Multifamily property in established Salinas neighborhood, close to amenities.

    Lot size:
    0.16 Acres

    Property Features for Central Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1975

    Source: eXp Realty of California Inc Agent Debra Ann Demos

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

    Overview

    South Salinas Multifamily Investment Opportunity

    Located in South Salinas, this multifamily property is situated in an established neighborhood characterized by quiet, tree-lined streets and residential homes. The apartments are located outside the southern portion of the Greater Bay Area. The property offers convenient access to various amenities, including Marina State Beach and Monterey Bay Amenities, both approximately twenty minutes away. The Municipal Airport is also easily accessible. Its location provides easy access to both North and South Highway 101. Several schools, including Hartnell College, are within walking distance, as are restaurants, parks, and shopping areas. All units were upgraded over five years ago. The property is being sold as-is.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.657167
    Latitude
    36.676978

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    FAQs

    What type of property is this?
    Apartment building - Multifamily property in established Salinas neighborhood, close to amenities.
    Where is this apartment building located?
    The property is located at Central Ave Salinas, CA.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - Convenient location: Close to Marina State Beach, Monterey Bay amenities, and the Municipal Airport with easy access to Highway 101.; - Walkable neighborhood: Proximity to schools (including Hartnell College), restaurants, parks, and shopping.; - Established, quiet neighborhood: Treelined streets and residential homes.
    (831) 818-9137
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    Central Ave Salinas, CA 93901
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    Salinas, CA 93901
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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
    Central Ave Salinas, CA 93901
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