For Sale
$1,699,000

Gardenia Dr DrSalinas, CA 93906

Prime Salinas location, six-unit income property.

Overview

Added:
Feb 3
Days on market:
61
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.

Property Details for Gardenia Dr Dr

Property type
Square Feet
4,930 SF
Year Built
1974
Lot Size (sq. ft)
10,454 SF

Location Insight

City
Salinas
County
Monterey
State
California
Latitude
36.69039
Longitude
-121.655
Gardenia Dr Dr, Salinas, California

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Gardenia Dr Dr
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