Comm Ri Multi-units 5+ For Sale
8,520 Sqft - 1134 Parkside Street, SALINAS, California 93906
Property Description
DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 12 unit apartment building features eight two-bedroom/one-bath units and (four) one-bedroom/one bath units. Built in 1971 , the property offers building square footage of 8,520 square feet with lot size of 13,263 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools and freeway access. Building features newer double pane windows, updated roof, twelve covered parking and six additional uncovered parking spaces, this building is well maintained and has the upside potential you’re looking for. Two additional properties available for a total of 26 rental units. 8% rent increase starting 1/1/2021.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81742016
Price : $2,250,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 8,520 Sqft
Year Built : 1971
Lot Area : 0.30 Sqft
Features
Heating System : Gas
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Monterey
City : SALINAS
Zipcode : 93906
Street : Parkside Street
Street Number : 1134
Floor Number : 0
Longitude : W122° 20' 41''
Latitude : N36° 41' 49.7''
MLS Addon
Office Name : Century 21 Showcase Realtors
Building Type : Other
Area : Northgate/Sherwood Gardens, Sant
Address : 1134 Parkside Street
Cross Street : West Laurel Driv
Directions to Property : Hwy 101, Exit West Laurel Drive
LA1User Code : MLL494779
LA1Agent First Name : Jesse
LA1Agent Last Name : Hernandez
Status Category : Sold
Tot # Parking Spaces : 6
Tot # of Units : 12
Zoning : Mult
List $/SqFt : $0
Age : 48
Apx Lot Sq Ft : 13,263 Sqft
Type of Building : Apt Complex
Annual Taxes : $0
Total Deposits : $0
ON-SITE PARKING DESC : Covered Parking, Spaces - Assigned
OPERATING EXPENSES : Insurance
TENANT PAYS : Electric, Gas
WATER/SEWER : Water - Public, Sewer System - Public
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 6.28
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $2,250,000
Sold Price : $1,780,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 141360
Net Oper Income : 141360
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 0
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 15.92
Buyer Agent DRE Num. : 01890851
List Agent DRE Num. : 01736274
Filtered Address : 1134 Parkside ST
LA1Agent License ID : 01736274
LA1Old Agent ID : 278781
LA1NRDS_ID : 180017474
SA1Agent First Name : Ross
SA1Agent Last Name : Ramsey
SA1Agent License ID : 01890851
SA1User Code : MLL5083111
SA1Old Agent ID : 384496
SA1NRDS_ID : 180019001
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : Datashare MLSListings
Assessors Parcel No : 003-792-003-000
Showing : See Confidential Remarks
SO1Office Abbreviation : MLL5017008
SO1Office Name : Ross Ramsey, Broker
LO1Main Office ID : 75305
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 88762
SO1Board ID : 0
SO2Office Identifier : 0
SO2Office Type : 0
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 1780000
Address Search Number : 1134
Listing Agent : 275226
Listing Office : 75305
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 335239
Buying Office 1 : 88762
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 2
Input Date : 10/03/2019 06:25:58
Update Date : 06/08/2021 17:07:48
PhotoTimestamp : 06/08/2021 11:42:49
First Photo Add Timestamp : 17/02/2020 08:15:57
List Date : 10/03/2019
Expire Date :
Pending Date : 16/05/2021
Closing Date : 05/08/2021
Status Date : 05/08/2021
Price Date :
Off Market Date : 05/08/2021
Status : Sold
HOA : No
City Transfer Tax : No
Off Market Status Date : 21/04/2021
LVT Date :
DOMLS : 880
Cumulative DOMLS : 880
Unit # 1 # of Bedrooms: 1
Unit # 1 Rent: 816
Unit # 2 # of Bedrooms: 2
Unit # 2 Rent: 933
Unit # 3 # of Bedrooms: 2
Unit # 3 Rent: 933
Unit # 4 Rent: 816
Unit # 5 # of Bedrooms: 2
Unit # 5 Rent: 933
