Salinas, CA 93901,739 Pajaro ST
Salinas, CA 93901,739 Pajaro ST
Salinas, CA 93901,739 Pajaro ST
Salinas, CA 93901,739 Pajaro ST
Salinas, CA 93901,739 Pajaro ST
Salinas, CA 93901,739 Pajaro ST
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$ 6,275,000
Est. payment | /mo

0.5 Acres Lot


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$ 6,275,000
Est. payment | /mo
Save

0.5 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81979058

HOA Y/N No

Year Built 1929

Annual Tax Amount $66,700

Lot Size 0.503 Acres

Property Description

The Pajaro Pines Apartments comprises 22 units in three separate buildings (14,656 sq. ft) on two separate parcels (21,933 sq. ft). The 739 Pajaro Street unit mix comprises six studios, two one-bedroom units, and six two-bedroom apartments. 739 Pajaro Street is a 10,806 sq. ft building on a 12,213 sq. ft lot. These units have a San Francisco apartment feel with high ceilings, some fireplaces, and large closets. 109 Pine Street consists of seven one-bedroom units with open beam ceilings. 109 Pine Street is a 3,850 sq. ft building on a 9,720 sq. ft. lot. The 22nd unit is a one-bedroom cottage. The property has been upgraded including the electric main panel, subpanels, and the rear stairs, which were engineered and constructed in 2010. The property has many other upgrades including windows, remodeled units, owned laundry equipment (expected to generate $600/month revenue), and painting. The flooring in most units is original hardwood.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning RL 5.5

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 7

Roof Type Composition,Flat

Total Parking Spaces 2

Schools

Middle Schools Washington

High Schools Salinas

School District Other

Others

Tax ID 002456023000

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Hap Albers • Albers Real Estate Investment Company
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6201 E Bayshore Walk, Beach, CA, 90804, USA

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739 Pajaro ST