739 Pajaro Street
Salinas, CA 93901
0.50 acres | #ML81979058
Description
The Pajaro Pines Apartments consists of 22 units in three separate buildings (14,656 sq. ft) on two separate parcels (21,933 sq. ft). The 739 Pajaro Street unit mix consists of six studios, two one-bedroom units, and six two-bedroom apartments. 739 Pajaro Street is a 10,806 sq. ft building on a 12,213 sq. ft lot. These units have a San Francisco apartment feel with high ceilings, some fireplaces, and large closets. 109 Pine Street consists of seven one-bedroom units with open beam ceilings. 109 Pine Street is a 3,850 sq. ft building on a 9,720 sq. ft. lot. The 22nd unit is a one-bedroom cottage. The property has been upgraded including the electric main panel, subpanels, and the rear stairs were engineered and constructed in 2010. The property has many other upgrades including windows, remodeled units, owned laundry equipment (expected to generate $600/month revenue), and painting. The flooring in most units is original hardwood.
Property Details
- Acres0.5035
Construction Details
- Property TypePurchase
Condition
- Year Built1929
Community and Neighborhood Details
- Middle SchoolWashington
- CountyMonterey
- High SchoolSalinas
- School DistrictOther
Financial Details
- Original List Price$6,275,000
- Taxes Annual$66,700
Other
- MLS #ML81979058
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Hap Albers (#ML138386)
Listing Office: Albers Real Estate Investment Company (#ML34098)
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