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Listed by Jeff Wickum • Epique Realty, DRE#01248741
$ 1,875,000
Est. payment | /mo
5 Beds
5 Baths
2,980 SqFt
$ 1,875,000
Est. payment | /mo
5 Beds
5 Baths
2,980 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,980 sqft
Price per Sqft $629
MLS Listing ID ML82052801
Bedrooms 5
Full Baths 5
Year Built 1930
Lot Size 10,413 Sqft
Property Sub-Type Five or More Units
Property Description
Fully occupied 6-unit income portfolio in one of South Salinas most desirable neighborhoods. This rare package combines 2 adjacent parcels- a duplex (219 Lang), a triplex (215 Lang) with a detached single-family residence (217 Lang) -offering investors immediate cash flow, simplified management, & long-term growth potential in a high-demand rental market. The portfolio consists of five, 1-bed/1-bath units & one 2-bed/1-bath SFR, plus a storage shed. All six units are currently occupied by stable, long-term Section 8 tenants, providing reliable income with minimal turnover. Additional income is generated from on-site laundry facilities and renting the shed out. Located in the sought-after Mission Park area of South Salinas, the property sits near Hartnell College, schools, bus lines, and major freeways, ensuring strong tenant demand. A shared driveway provides convenient parking for residents. Recent upgrades, including new plumbing & a new roof overlay on one building, add to the propertys appeal and reduce near-term capital needs. Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking a low-maintenance, high-yield multifamily asset, this complete 6-unit package delivers immediate income & a strategic foothold in South Salinas.
Location
State CA
County Monterey
Area Mission Park
Zoning Multi Family
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Off-Street Parking, Parking Area, Private / Exclusive
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Perimeter, Post and Pier
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 002-422-020-000
Security Features None
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896