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1200 W Market Cir
Salinas, CA 93901
Multifamily Property For Sale
·
9 Units
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.
Property Facts
| Price Per Unit | $255,556 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.07 AC |
| Cap Rate | 5.15% | Building Size | 5,853 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 |
| Apartment Style | Garden | ||
| Zoning | HDR8 | ||
| 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 | B |
| Lot Size | 1.07 AC |
| Building Size | 5,853 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
- Refrigerator
Site Amenities
- Fenced Lot
- Laundry Facilities
- Trash Pickup - Curbside
- Vintage Building
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $1,396 | 370 - 600 |
| 1+1 | 4 | $1,495 | 750 - 1,250 |
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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