Downtown Hollister Mixed-Use
721 Monterey Street Hollister, CA 95023
For Sale
$1,300,000
Mixed-use property with residential and commercial space in downtown Hollister.
Property Size1,888 SF
Price / SF$688.56
Days on Market406
Property Features for 721 Monterey Street
General Information
Standard status
Active
Size
1,888 SF
Building Details
Year Built
1915
Listing Agency:
KELLER WILLIAMS PROPERTY TEAM
Listed By:
RAQUEL LOPEZ
Source:
Corcoran
Added: Jun 19, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS PROPERTY TEAM
Investment Insights
Based on property information with market context.
This mixed-use property in downtown Hollister offers both residential and commercial space. The upstairs residential unit features 3 bedrooms, 2 bathrooms, a spacious family room, and a full kitchen. Downstairs is commercial office space that includes 5 private office rooms, 1 full bath, and 2 half baths. The property has been recently renovated and is move-in ready. It is suitable for a variety of professional uses such as accounting, legal, finance, real estate, counseling, or dispatching. The property provides on-site living quarters, offering a work-from-home solution. The building has a total size of 1888 square feet.
Key Highlights
- Mixed‑Use Property: Featuring a 3 bed, 2 bath residence and commercial space with 5 offices, 1 full bath, and 2 half baths.
- Move‑In Ready: Recently renovated and in turn‑key condition.
- Prime Location: Enjoy the convenience and accessibility of a downtown location.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.8k | $56.04 |
| − Vacancy | −$17.2k | −$9.13 |
| EGI | $88.6k | $46.91 |
| − OpEx | −$22.1k | −$11.73 |
| NOI | $66.4k | $35.18 |
1,888 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$948.8K
$830.2K – $1.11M
NOI $66,418 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$512.7K
$448.6K – $598.1K
NOI $35,887 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.14M
$997.3K – $1.33M
NOI $79,787 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and commercial space in downtown Hollister.
Where is this mixed-use property located?
The property is located at 721 Monterey Street Hollister, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Mixed‑Use Property: Featuring a 3 bed, 2 bath residence and commercial space with 5 offices, 1 full bath, and 2 half baths.; Move‑In Ready: Recently renovated and in turn‑key condition.; Prime Location: Enjoy the convenience and accessibility of a downtown location.
