20 Esquiline Rd - Apartments FOR SALE


Carmel Valley, CA 93924
$4,495,000 USD
831-646-1919
20 Esquiline Rd, Carmel Valley, CA for Sale
$4,495,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

20 Esquiline Rd
Carmel Valley, CA 93924


HIGHLIGHTS

  • Individual Forced Air Furnaces (Gas)
  • Amenities: Pool, Laundry Room
  • Parking: 12 Carport plus 13 Open Spaces
  • Located in highly desirable Carmel Valley

OVERVIEW

20 Esquiline Rd. is a 2 story complex with a total of 12 units, all of which are townhouse style of apx. 1,028 SF each. All are 2 bedrooms and 1.5 baths. The property includes 3 buildings, each with 4 units and of same design. The units all have large covered concrete patios which are approximately 5 X 20 (100 SF), and all back up to the greenbelt and pool area. Each unit has a two car attached carport and there are approximately 13 open parking spaces for guests. There is a non heated swimming pool on site. In front of the units are located 4 X 10 storage closets. The access to these closets is from the exterior. Most of these units are two stories high on the interior, but some have been split into two levels and have access to a 10 X 4 storage area at the top of the stairs. Additionally, several of the units have washer and dryer hook-ups in the lower portion of the storage closets. A rent survey confirms that a majority of the twelve units are rented substantially below current market rents. Current rents range from $2,160 to $2,775 per month, however the most recent re-rent (August ‘24) was leased at $2,775 per month. At this time it is believed each unit would be capable of achieving rents at or in excess of this most recent rental.

FOR SALE DETAILS

PRICE

$4,495,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

12

PRICE/UNIT

$374,583

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

HDR/B-6-D-S-RAZ

APN/PARCEL ID

189-541-018-000

ASK ABOUT THIS PROPERTY

Peter BairdMahoney & AssociatesMore Info
831-646-1919

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Peter BairdMahoney & AssociatesMore Info
831-646-1919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.