Soledad, CA 93960,148 Encinal ST
Soledad, CA 93960,148 Encinal ST
Soledad, CA 93960,148 Encinal ST
$6,150,000
Est. payment /mo
$6,300,000
2.4%
Est.Price: ?

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0.69 Acres Lot
SOLD DATE : 07/25/2024

Key Details

Sold Price $6,150,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID ML81952566

Sold Date 07/25/24

HOA Y/N No

Year Built 1977

Annual Tax Amount $69,300

Lot Size 0.689 Acres

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.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning R-3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 19

Roof Type Composition

Total Parking Spaces 8

Building

Lot Description Level

Water Public

Schools

School District Other

Others

Tax ID 022014014000

Financing Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joe Piini • Piini Realty
Bought with Narciso Lara • Coast to Valley Realty

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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