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1200 W Market Cir 9 Unit Apartment Building $2,300,000 ($255,556/Unit) 5.15% Cap Rate Salinas, CA 93901
Executive Summary
Rare 11-unit rental property on a large lot in a convenient Salinas location. 1200 W Market Street offers a strong income-producing opportunity with a fantastic rent roll, steady renter pool, and close proximity to shopping, employment centers, dining, services, and commuter routes. The spacious lot provides ample storage, generous outdoor space, and flexibility for future value-add opportunities. With room for possible expansion and an ideal layout to explore additional development, this property presents meaningful upside potential for investors seeking both current income and long-term growth. A well-positioned multifamily asset in one of Salinas most accessible areas, offering scale, location, and future possibilities. Buyer to verify development potential, unit count, rents, zoning, and all property details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,300,000 | Apartment Style | Garden |
| Price Per Unit | $255,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.20 AC |
| Cap Rate | 5.15% | Building Size | 6,350 SF |
| Gross Rent Multiplier | 11.77 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1914/2019 |
| Property Subtype | Apartment | Parking Ratio | 3.41/1,000 SF |
| Zoning | HDR8 | ||
| Price | $2,300,000 |
| Price Per Unit | $255,556 |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| Gross Rent Multiplier | 11.77 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 6,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1914/2019 |
| Parking Ratio | 3.41/1,000 SF |
| Zoning | HDR8 |
Amenities
Unit Amenities
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,396 | 370 - 600 |
| 1+1 | 4 | $1,495 | 750 - 1,250 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 207-011-020-000 | Improvements Assessment | $1,288,093 |
| Land Assessment | $649,458 | Total Assessment | $1,937,551 |
Property Taxes
Parcel Number
207-011-020-000
Land Assessment
$649,458
Improvements Assessment
$1,288,093
Total Assessment
$1,937,551
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C&C Property Management
1200 W Market Cir
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