16 Gabilan St, Salinas, CA 93901
- Hotels
- 11,341 SF
- 0.10 lot acres
Current Use by Public Records
- Traveler's Hotel / Hotel & Motel
- Moncrief & Hart / Law Firm
- Mystis Recuperative Care - Salinas / Community Health Centre
- Monterey County NORML / Charitable Organization / Social Service Agency
Property Details for 16 Gabilan St
- Year built
- 1930
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.10 lot acres
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 002-234-002-000
- APU
- 2234002000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Sep 30, 2011 | $850,000 | Ppa Properties LLC | Taylor Family Investments LLC | Grant Deed | $461k · Pinnacle Bank |
| Jan 24, 2011 | $850,000 | Taylor Family Investments LLC | Salinas City Center LLC | Grant Deed | — |
| Jan 26, 2004 | — | Kiran J Patel | Patel,jagubhai & Daliben | Quit Claim Deed · related | — |
| May 7, 2003 | $225,000 | Jagubhai Patel | Patel,vasantbhai D | Quit Claim Deed · related | — |
| May 28, 1993 | $205,000 | Vasantbhai D Patel | Patel,dhajibhai | Quit Claim Deed · related | — |
| — | — | Ppa Properties LLC | — | Deed Of Trust · related | $379k · Cdc Small Busn Fin |
Description
This exceptional three-story commercial property, situated on a 0.1-acre lot in Salinas, California's vibrant Oldtown district, presents a unique investment opportunity. Built in 1930, this historic hotel boasts a rich history and prime location near restaurants, shopping, entertainment, and high foot traffic areas. The ground floor comprises approximately 3,479 square feet of retail space, currently occupied by a thriving restaurant and coffee shop. The upper two floors offer 32 rentable rooms, generating substantial income potential, along with a convenient on-site manager's apartment (two bedrooms, one bathroom). The total square footage of the upper floors is approximately 8,119 square feet. This property is strategically located within a designated Opportunity Zone, potentially offering significant tax advantages for qualified investors. It's also approved for the US Department of Labor H-2A program, providing additional income streams through agricultural worker housing. Public transportation, including bus and train stations, is within easy walking distance. The property's strong location and diverse income streams make it an attractive investment for discerning buyers. Detailed financial information is available upon request. This is a rare chance to acquire a well-established, income-producing property in a thriving California city.
Value Estimations
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $452,000
Market price range: $452k - $859k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salinas
- County
- Monterey
- State
- California
- Longitude
- -121.654
- Latitude
- 36.6755
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
