$6,275,000
739 Pajaro ST Salinas, CA 93901
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$6,275,000
Est. payment /mo
14,656 SqFt
Active
739 Pajaro ST Salinas, CA 93901
UPDATED:
09/30/2024 06:16 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 14,656 sqft
Price per Sqft $428
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 consists of 22 units in three separate buildings (14,656 sq. ft) on two separate parcels (21,933 sq. ft). The 739 Pajaro Street unit mix consists of 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 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
Listed by Hap Albers • Albers Real Estate Investment Company