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    11 Hl Cir Salinas, CA 93905

    Sponsored
    For Sale
    $2,690,000

    7.74-acre, 37-home subdivision opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7.74-acre parcel in Salinas, CA (APN: 004-601-066 & 004-601-067), presents a rare residential development opportunity. The property is nearly fully entitled for a 37-home subdivision, featuring individual lots with modular homes and a planned HOA for maintenance. Construction plans are available upon request. Zoned R-L 5.5, this infill project boasts a prime location within city limits, offering strong visibility and convenient access to various amenities. These include multiple retail areas, local schools, the upgraded Salinas Regional Soccer Complex, and Natividad Hospital & Medical Center. The property enjoys 386 feet of frontage on East Laurel Drive. With a total asking price of $2,690,000, this development offers significant potential for investors. The strong demographics further enhance the appeal, with a population of 42,781 within one mile and 150,003 within three miles. This is a unique chance to acquire a nearly fully entitled project ready for immediate development, capitalizing on the high demand for housing in this thriving Salinas community. The project is designed for the construction of 37 individual parcels, each with a home. Upon completion of construction, the individual lots with homes will be sold separately.

    Property Features for 11 Hl Cir

    General Information

    Property type
    Land
    Lot Size
    337,154 SF

    HighLights

    • APN: 004‑601‑066 & 004‑601‑067
    • 7.74‑acre residential lot
    • R‑L 5.5 zoning
    • Construction plans available
    • 37‑parcel residential subdivision
    • 1‑mile population: 42,781; 3‑mile population: 150,003
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salinas
    County
    Monterey
    State
    California
    Longitude
    -121.6233492722
    Latitude
    36.683951589262

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    FAQs

    What type of property is this?
    Land - 7.74-acre, 37-home subdivision opportunity
    Where is this land located?
    The property is located at 11 Hl Cir Salinas, CA.
    What is the asking price?
    The asking price for this property is $2,690,000.
    What are key features of this property?
    This property features: APN: 004-601-066 & 004-601-067; 7.74-acre residential lot; R-L 5.5 zoning
    (831) 646-1919
    Request Owner's contact information
    11 Hl Cir 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
    11 Hl Cir Salinas, CA 93905
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