Gardenia Dr Dr Salinas, CA 93906
- Commercial real estate
- 4,930 SF
- 0.24 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for Gardenia Dr Dr
- Year built
- 1974
- Lot size
- 0.24 lot acres
- Property size
- 4,930 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a six-unit commercial complex ideally situated in North Salinas, conveniently close to the Fairgrounds. The property encompasses two buildings on a 0.24-acre lot, totaling 4,930 square feet. One building is a duplex featuring two one-bedroom units situated above a carport. The second building is a four-unit structure, with each unit offering two bedrooms and one and a half bathrooms. Nine of the units boast private fenced backyard patios, providing residents with outdoor space. An added convenience is the presence of an on-site laundry facility for tenants. The property is currently priced at $1,699,000. Significant improvements are planned, with both building roofs scheduled for complete replacement by the end of November, enhancing the long-term value and reducing future maintenance costs. The carport area presents a potential opportunity for the addition of Accessory Dwelling Units (ADUs), subject to local zoning regulations and permitting. This property offers a strong potential for rental income and appreciation, making it an attractive investment for discerning buyers seeking a well-maintained multi-unit complex in a desirable Salinas location.
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
- -121.655
- Latitude
- 36.6904
