Property profile

623 Palma Dr 29 Salinas, CA 93901

OFF-MARKET
Apartment buildings
Property ID
US09-2742300
14,548 SF 0.52 ac lot Built 1972
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 1972
Construction WOOD
Total area 14,548 SF
Lot 0.52 ac (22,676 SF)
APN 016-086-029-000
UPID US09-2742300

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

623 Palma Dr, Unit 29 Salinas, CA 93901-1531
Salinas metro Census 1500 SALINAS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.75M
Blend (final) Blend
$1.58M

Owner & transaction history

since 2025
1 recorded transaction
2025
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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