510 Cayuga St
Salinas, CA 93901
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 3,960 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1922 |
| Building Class | C | Parking Ratio | 2.02/1,000 SF |
| Lot Size | 0.31 AC | ||
| Zoning | R-M-2.9 (Med Dens Resid) | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,960 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1922 |
| Parking Ratio | 2.02/1,000 SF |
| Zoning | R-M-2.9 (Med Dens Resid) |
Amenities
Unit Amenities
- Heating
- Security System
- Kitchen
- Refrigerator
- Oven
- Carpet
- Yard
- Double Pane Windows
- Garden
- Vinyl Flooring
- Window Coverings
Site Amenities
- Fenced Lot
- Smoke Free
- Trash Pickup - Curbside
About 510 CAYUGA ST , SALINAS, CA 93901
Rents just recently increased on this 8 unit rental property in the heart of South Salinas with 8 individual 1Br/1Ba cottages, 7 with 1-car garages used as parking or storage, all with small yard. Low maintenance/operating expenses with tenants paying gas, electric AND water on individual meters. Older units but in good condition with newer roofs and windows. Cottages given concrete perim foundations in 1977-78 as well as major plumbing and electrical and interior updates. Long term tenants. Highly desirable tenant location with easy walking distance to downtown/Old Town shopping and dining, Hartnell College and County / City buildings. These units are still 15-20% under market rents even after the recent increase - 7 units increased from $900 to $1075, 1 unit which turned, now rented (in 3 days) at $1250. Market rents are est. $1250 - $1350 for these units and new owner can easily bring all units to market rents in this very tight rental market. Information supplied by owner or third party, Buyer to verify all measurements and information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $1,163 | 500 |
Property Taxes
| Parcel Number | 002-413-012-000 | Improvements Assessment | $931,855 |
| Land Assessment | $725,085 | Total Assessment | $1,656,940 |
Property Taxes
