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Jessica Panzica

jessica@jessicapanzica.com +1(714) 313-8193

$4,850,000

Est. payment - /mo

13 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82045975

HOA Y/N No

Year Built 1964

Annual Tax Amount $21,210

Lot Size 13 Sqft

Property Description

17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning Multi-Family

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Utilities Available Natural Gas Available

Roof Type Other

Total Parking Spaces 17

Building

Water Public

Schools

School District North Monterey County Unified

Others

Tax ID 030074006000

Special Listing Condition Standard

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Listed by Amy M. Salmina Coast & Valley Properties, Inc. #01494129

Nearby School & Business

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Jessica Panzica

+1(714) 313-8193

Agent | License ID: 01854556

Agent License ID: 01854556

11320 Sanchez ST Castroville, CA 95012

Jessica Panzica

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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