Properties

Comm Ri Multi-units 5+ For Sale

2,442 Sqft - 1128 Garner Avenue, SALINAS, California 93905

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Property Description

An unmissable investment opportunity with plenty of room for growth! This well-maintained, two-building complex stands out from its surroundings thanks to its cleanliness and charming exterior color scheme. All five units are currently leased and occupied at rents below the market average, meaning that there’s still plenty of room to increase profitability. The square building on the corner of Beech and Garner houses four one-bedroom, one-bathroom units, while the adjacent two-story building on Beech houses four one-car garages on the first floor and a two-bedroom, one-bathroom unit that encompasses the entire second story and includes a bonus room. Unit square footages are approximately 425 sqft for the four smaller units and 742 sqft for the larger unit but these are not exact measurements. The complex also has a paved open space that can be used for additional parking. Four of the units are under a month-to-month contract, while the other unit is under a one year lease agreement.

Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81856939
Price : $925,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 2,442 Sqft
Year Built : 1946
Lot Area : 0.18 Sqft
Features
Roof : Tar And Gravel
Address Map
Country : US
State : CA
County : Monterey
City : SALINAS
Zipcode : 93905
Street : Garner Avenue
Street Number : 1128
Floor Number : 0
Longitude : W122° 23' 13''
Latitude : N36° 41' 0.5''
MLS Addon
Office Name : Berkshire Hathaway HS Real Time Realty
Building Type : Other
Area : ES-68
Address : 1128 Garner Avenue
Cross Street : Beech St
LA1User Code : MLL212219
LA1Agent First Name : Sigifredo
LA1Agent Last Name : Ponce
Status Category : Sold
Tot # Parking Spaces : 0
Tot # of Units : 5
Zoning : R-L-
List $/SqFt : $0
Age : 75
Apx Lot Sq Ft : 7,831 Sqft
Type of Building : Apt Complex
Annual Taxes : $11,562
Total Deposits : $0
DISABLED FEATURES : Other
EQUIPMENT ADDITIONAL : Fire Alarm System
OPERATING EXPENSES : Trash Removal, Water
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) : 5.68
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $925,000
Sold Price : $942,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 68400
Net Oper Income : 52518
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 3000
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 : 13.52
Buyer Agent DRE Num. : 01280498
List Agent DRE Num. : 01740281
Filtered Address : 1128 Garner AVE
LA1Agent License ID : 01740281
LA1Old Agent ID : 158958
LA1NRDS_ID : 180017569
SA1Agent First Name : Mike
SA1Agent Last Name : Handley
SA1Agent License ID : 01280498
SA1User Code : MLL150464
SA1Old Agent ID : 12074
SA1NRDS_ID : 180010783
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 : 004-291-007-000
Showing : See Confidential Remarks
SO1Office Abbreviation : MLL37244
SO1Office Name : Town'N Country Realty
LO1Main Office ID : 73300
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 69913
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 : 942000
Address Search Number : 1128
Listing Agent : 256990
Listing Office : 73300
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 239868
Buying Office 1 : 69913
Co-Sell Agent : 0
Buying Office 2 : 0
Photo Count : 6
Input Date : 05/08/2021 16:53:40
Update Date : 24/09/2021 12:04:36
PhotoTimestamp : 24/09/2021 02:16:22
First Photo Add Timestamp :
List Date : 05/08/2021
Expire Date :
Pending Date : 09/08/2021
Closing Date : 21/09/2021
Status Date : 23/09/2021
Price Date :
Off Market Date : 09/08/2021
Status : Sold
HOA : No
Off Market Status Date :
LVT Date :
DOMLS : 4
Cumulative DOMLS : 4
Unit # 1 # of Bedrooms: 2
Unit # 1 Approx. SqFt: 742
Unit # 1 Rent: 1500
Unit # 2 # of Bedrooms: 1
Unit # 2 Approx. SqFt: 425
Unit # 2 Rent: 1000
Comm Ri Multi-units 5+ For Sale
  • Listing ID : ML81856939
  • Bedrooms : 0
  • Bathrooms : 0
  • Square Footage : 2,442 Sqft
$925,000
Agent info
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