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148 Encinal st
Soledad, CA 93960
Multifamily Property For Sale
·
28 Units
PROPERTY FACTS
| No. Units | 28 | Lot Size | 0.69 AC |
| Property Type | Multifamily | Building Size | 22,419 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1977 |
| Building Class | C | Parking Ratio | 1.74/1,000 SF |
| Zoning | R-3 - High Density Multifamily Residential (R-3) | ||
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.69 AC |
| Building Size | 22,419 SF |
| No. Stories | 2 |
| Year Built | 1977 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R-3 - High Density Multifamily Residential (R-3) |
AMENITIES
UNIT AMENITIES
- Balcony
- Kitchen
ABOUT 148 ENCINAL ST , SOLEDAD, CA 93960
The rental income for this 28 unit complex has a lot of potential upside in the rent roll. Proforma rents are potentially $405,000. Landlord has increased rents effective 21/2018 bringing SGI to $346,800. The complex featuring 8 two bed / one bath units, 16 one bed / one bath units, and 4 studios. The one and two bedroom units have a fenced patio or a privacy deck. Soledad and the Salinas Valley has few currently available units on the rental market and lots of demand. The rental market has little new construction and the job market is growing because of the agriculture, wine, and marijuana industries in the Salinas Valley. The complex has asphalt pitched roofs, stucco exteriors, 34 off street parking spaces, and a onsite laundry room. Complex is well located near 101, schools, and services. Seller may carry a second.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $925.00 | - |
| 1+1 | 16 | $1,000 | - |
| 2+1 | 8 | $1,150 | - |
PROPERTY TAXES
| Parcel Number | 022-014-014-000 | Improvements Assessment | $4,197,000 |
| Land Assessment | $1,975,000 | Total Assessment | $6,172,000 |
PROPERTY TAXES
