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148 Encinal Street

Soledad, CA 93960
  • $6,300,000
  • STATUS: Active Under Contract
  • ON SITE: 141 Days
  • ID#: ML81952566
Under Contract
UPDATED: 26 min ago
$6,300,000
  • 0
    BEDS
  • 0.69
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1977
County:

School Ratings & Info

School District:
Listing Agent(s): Joe Piini of Piini Realty (831-422-5327)


Description

Piini Realty is pleased to present this offering of a 28-unit apartment complex located in Soledad. The complex is comprised of three separate buildings with a total of 28 dwelling units including eight 2-bedroom/1-bath units, sixteen 1-bedroom/1-bath units and four studios with an average size of 679 square feet per dwelling unit. Many of these units have been extensively remodeled within the past five years including new kitchens, new bathrooms, new heating units, remodeled balconies and much more. There are 34 on-site parking stalls with 7 enclosed garages, 19 covered carport stalls and 8 open parking stalls. The current owner occupies 17 units for employee housing, but these units can be delivered vacant and available to lease at current market rent. The remaining 11 units are leased to residents with rents that were increased on August 1, 2023. The property is a very well-maintained complex from the landscaping to building finishes and has enjoyed consistent rental demand with very little turnover.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T21:29:03.87. 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 deemed reliable but is not guaranteed accurate by the MLS or Kohler Real Estate Group | Zutila. Licensed in the State of California, USA.
www.buysocal.homes/homes/146972853
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148 Encinal Street Soledad, CA 93960

  • Price: $6,300,000
  • Status: Active Under Contract
  • On Site: 141 Days
  • Updated: 26 min ago
  • ID#: ML81952566
0
Beds
0
Baths
0
½ Baths
0.69
Acres
1977
Built
Neighborhood:
699 - Not Defined
County:
Monterey
Area:
699 - Not Defined
School District:
Other
Property Description
Piini Realty is pleased to present this offering of a 28-unit apartment complex located in Soledad. The complex is comprised of three separate buildings with a total of 28 dwelling units including eight 2-bedroom/1-bath units, sixteen 1-bedroom/1-bath units and four studios with an average size of 679 square feet per dwelling unit. Many of these units have been extensively remodeled within the past five years including new kitchens, new bathrooms, new heating units, remodeled balconies and much more. There are 34 on-site parking stalls with 7 enclosed garages, 19 covered carport stalls and 8 open parking stalls. The current owner occupies 17 units for employee housing, but these units can be delivered vacant and available to lease at current market rent. The remaining 11 units are leased to residents with rents that were increased on August 1, 2023. The property is a very well-maintained complex from the landscaping to building finishes and has enjoyed consistent rental demand with very little turnover.
Exterior Features

Carport Spaces 19 Carport YN Yes Lot Features Level Parking Total 8 Roof Composition

Interior Features

Cooling None Cooling YN Yes Heating Wall Furnace Heating YN Yes

Property Features

Association Fee 0 Gross Scheduled Income 396720 Insurance Expense 28262 Listing Agreement Exclusive Right To Sell Maintenance Expense 39490 Other Expense 0 Special Listing Conditions Standard Tax Annual Amount 69300 Trash Expense 0 Water Source Public Zoning R-3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-16T21:29:03.87. 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 deemed reliable but is not guaranteed accurate by the MLS or Kohler Real Estate Group | Zutila. Licensed in the State of California, USA.
 
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Kohler Real Estate Group | Zutila
4000 Barranca Pkwy #105
Irvine CA, 92604
Listing Agent(s): Joe Piini of Piini Realty (831-422-5327)