431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
96
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Listed by Mike Handley • Town'N Country Realty, DRE#01280498
$5,495,000
Est. payment /mo
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9 Beds
4.5 Baths
4,898 SqFt
New

431 Espinosa RD Salinas, CA 93907

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Peter Cheung

Peter Cheung

+1(510) 387-3876

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiple Dwellings / Structures

Listing Status Active

Purchase Type For Sale

Square Footage 4,898 sqft

Price per Sqft $1,121

MLS Listing ID ML82062979

Bedrooms 9

Full Baths 4

Half Baths 1

Year Built 1957

Lot Size 24.810 Acres

Property Sub-Type Multiple Dwellings / Structures

Property Description

Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.

Location

State CA

County Monterey

Area Prunedale, Elkhorn, Moss Landing

Zoning HC and F/40

Interior

Heating Central Forced Air - Gas, Propane, Wall Furnace

Cooling Ceiling Fan

Exterior

Parking Features Attached Garage

Garage Spaces 2.0

Utilities Available Propane On Site, Public Utilities

Roof Type Composition

Building

Story 1

Foundation Concrete Perimeter and Slab

Sewer Existing Septic, Sewer Connected

Water Public, Well

Level or Stories 1

Others

Tax ID 113-081-007-000

Security Features None

Horse Property No

Special Listing Condition Not Applicable

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Peter Cheung

Peter Cheung

Realtor® CA BRE#: 02070039

+1(510) 387-3876

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