904-930 Salinas Rd - Apartments FOR SALE


Royal Oaks, CA 95076
$2,850,000 USD
831-275-0129
904-930 Salinas Rd, Royal Oaks, CA for Sale
$2,850,000 USD
Apartments - FOR SALE
1/42
null | Request Cap Rate

904-930 Salinas Rd
Royal Oaks, CA 95076


HIGHLIGHTS

  • Diverse Unit Mix
  • Strong Occupancy
  • Expansion & Value-Add Potential
  • Prime Location
  • Stabilized & Income-Producing

OVERVIEW

Mahoney & Associates is pleased to present to the market for sale 904-930 Salinas Rd. Royal Oaks, CA 95076. This is a rare opportunity to acquire a 10-unit multi-family property spread across six buildings, featuring a desirable mix of three-bedroom and two-bedroom units in a high-demand rental market. The owner has renovated units as they have turned over and purposefully left 3 units vacant for the new owner to fill at market rate rents. This well-maintained asset offers a steady income stream, with room for rental growth and operational efficiencies. • Diverse Unit Mix: (4) Three-bedroom units & (5) Two bedroom units, (1) large one-bedroom unit • Strong Occupancy: High tenant retention with consistent rental demand • Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment • Prime Location: Located just off Highway 1 and situated near major employers, transportation, and amenities • Stabilized & Income-Producing: Immediate cash flow with upside potential

FOR SALE DETAILS

PRICE

$2,850,000 USD

PRICE/SF

$352 USD /SF

# OF UNITS

10

PRICE/UNIT

$285,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.96 AC

LAND SF

172,447 SF

ZONING

RC/10-VS

APN/PARCEL ID

117-481-034-000

ASK ABOUT THIS PROPERTY

James KendallMahoney & AssociatesMore Info
831-275-0129

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James KendallMahoney & AssociatesMore Info
831-275-0129

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