75 N Hebbron Ave | Salinas, CA 93905
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- LoopNet Team
75 N Hebbron Ave
Salinas, CA 93905
Magnolia Apartments · Multifamily Property For Sale
·
18 Units
Investment Highlights
- Investment Opportunity with significant upside potential - 24.5% rental upside
- Perennially tight housing market with limited market-rate developments in the pipeline - ONLY 82 UNITS BUILT SINCE 2020
- Assumable financing at 3.58% until 2027
- Exterior has undergone a significant renovation
- Amenities include: on-site laundry facility, storage, on-site tuck-under parking and uncovered parking
- Floorplans are generously sized: (17) large 2 bed/1.5 and (1) studio
Property Facts
| No. Units | 18 | Building Size | 14,328 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1979/2021 |
| Building Class | C | Parking Ratio | 2.41/1,000 SF |
| Lot Size | 0.46 AC | ||
| Zoning | R-M2.9 - Residential | ||
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 14,328 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1979/2021 |
| Parking Ratio | 2.41/1,000 SF |
| Zoning | R-M2.9 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- Laundry Facilities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 17 | $2,495 | 950 |
| Studios | 1 | $1,595 | 400 |
Property Taxes
| Parcel Number | 004-074-048-000 | Improvements Assessment | $1,387,300 |
| Land Assessment | $1,190,674 | Total Assessment | $2,577,974 |
Property Taxes
Parcel Number
004-074-048-000
Land Assessment
$1,190,674
Improvements Assessment
$1,387,300
Total Assessment
$2,577,974
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