Lang Street, Salinas, CA, CA 93901
- $1,995,000
- List Price
- $1,995,000
- Status
- ACTIVE
- MLS#
- ML82052801
- County
- Monterey
- Zoning
- Multi Family
- Year Built
- 1930
- Square Feet
- 2,980
- Lot Size (acres)
- 0.23900000000000002
- Days on Market
- 17
- Property Type
- Commercial
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 and a triplex with a detached single-family residence -offering investors immediate cash flow, simplified management, & long-term growth potential in a high-demand rental market. The portfolio consists of 5, 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. 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 youre 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. Sellers prefer to sell both parcels together as one investment opportunity.
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Additional Information
- Taxes
- $18,144
- Parcel Number
- 002422020000
- Gross Scheduled Income
- $176,700
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Parking Spaces
- 7
- Water
- Public
- School District
- Other
- High School
- Salinas
Listing courtesy of Listing Agent: Jeff Wickum (jeff@wickum.com) from Listing Office: Epique Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.