739 Pajaro Street

Salinas, CA 93901

$6,275,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1929

calendar_month Built

Property Description

The Pajaro Pines Apartments consists of 22 units in three separate buildings (14,656 sq. ft) on two separate parcels (21,933 sq. ft). The 739 Pajaro Street unit mix consists of six studios, two one-bedroom units, and six two-bedroom apartments. 739 Pajaro Street is a 10,806 sq. ft building on a 12,213 sq. ft lot. These units have a San Francisco apartment feel with high ceilings, some fireplaces, and large closets. 109 Pine Street consists of seven one-bedroom units with open beam ceilings. 109 Pine Street is a 3,850 sq. ft building on a 9,720 sq. ft. lot. The 22nd unit is a one-bedroom cottage. The property has been upgraded including the electric main panel, subpanels, and the rear stairs were engineered and constructed in 2010. The property has many other upgrades including windows, remodeled units, owned laundry equipment (expected to generate $600/month revenue), and painting. The flooring in most units is original hardwood.

Listing Information

List Price $6,275,000
Status Active
MLS ML81979058
HOA $0
Type Commercial
Year Built 1929
Lot Size 21,933
Structure Size N/A
DOM 9
Courtesy Of Albers Real Estate Investment Company
Listing Agent Hap Albers DRE#01006595

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Hap Albers, Albers Real Estate Investment Company . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.