11 Hl Cir Salinas, CA 93905
- Land
- 7.74 lot acres
Current Use by Public Records
- Land
Property Details for 11 Hl Cir
- Lot size
- 7.74 lot acres
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.623
- Latitude
- 36.684
