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    9 Perez Cir

    Salinas, CA 93906
    • $2,799,000
    • STATUS: Active Under Contract
    • ON SITE: 174 days
    • ID#: ML81783043
    Under Contract
    UPDATED: 14 min ago
    $2,799,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 9,456
      SQFT
    • $296
      $/SQFT
    Type:
    Multi-Family
    Built:
    1986
    County:

    School Ratings & Info

    Description

    11.64 GRM is one of lowest in Santa Clara, Santa Cruz, or Monterey County markets. 4.98% cap on current net income. 13-units built by Harrod Construction in 1986. 3 One-bedroom units & 10 two-bedroom units. No rent increases since 2018 on all units except one.Two one year leases will expire in September 2020. The average two-bed rent is $1564. Market rents are $1700 to $1900 for a Salinas 2 bed. Most units have had the bathroom remodeled with tile showers and new windows. All units have their own dishwasher & water heater with tenant supplied gas. The average unit size is 9456/13=727 sq. ft = large two-bedroom units with high ceilings. The two-bedroom units have either a patio or deck. Other positive features include a storage room for owner's use, 6 tenant storage lockers, an onsite laundry room. Great location to commute to San Jose. Location is close to North Salinas retail, services, and schools. Santa Rita Elem. is 1/3 mile & newly built Rancho San Juan HS is the assigned HS.

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    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-08-11T08:47:47.397. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California, Inc.

    Licensed in the State of California.
    www.bayarearealestatesearch.com/homes/103330509
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    9 Perez Cir Salinas, CA 93906

    • Price: $2,799,000
    • Status: Active Under Contract
    • Updated: 14 min ago
    • ID#: ML81783043
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    9,456
    SQFT
    $296
    $/SQFT
    1986
    Built
    Neighborhood:
    Northgate/Sherwood Gardens, Santa Rita
    County:
    Monterey
    Area:
    Northgate/Sherwood Gardens, Santa Rita
    Property Description
    11.64 GRM is one of lowest in Santa Clara, Santa Cruz, or Monterey County markets. 4.98% cap on current net income. 13-units built by Harrod Construction in 1986. 3 One-bedroom units & 10 two-bedroom units. No rent increases since 2018 on all units except one.Two one year leases will expire in September 2020. The average two-bed rent is $1564. Market rents are $1700 to $1900 for a Salinas 2 bed. Most units have had the bathroom remodeled with tile showers and new windows. All units have their own dishwasher & water heater with tenant supplied gas. The average unit size is 9456/13=727 sq. ft = large two-bedroom units with high ceilings. The two-bedroom units have either a patio or deck. Other positive features include a storage room for owner's use, 6 tenant storage lockers, an onsite laundry room. Great location to commute to San Jose. Location is close to North Salinas retail, services, and schools. Santa Rita Elem. is 1/3 mile & newly built Rancho San Juan HS is the assigned HS.
    Exterior Features

    Construction Type Wood Frame Foundation Concrete Slab Garage Parking Assigned SpacesCarportOff-Street ParkingOn StreetUncovered Parking Number Of Buildings 3 Pool YN No Roof Composition Units In Complex Min 13 View City Yard Grounds Balcony / PatioSprinklers - LawnStorage Shed / Structure

    Interior Features

    Additional Rooms Storage Beds Unit1 1 Beds Unit2 2 Cooling None Flooring CarpetLaminateTileVinyl / Linoleum Heating Wall Furnace Kitchen Features Countertop - LaminateCountertop - MarbleCountertop - StoneCountertop - TileDishwasherExhaust FanHood Over RangeMicrowaveOven Range - ElectricRefrigerator Laundry Hookups Only Structure Sq Ft 9456

    Property Features

    Accessibility Features None Additional Listing Info Not Applicable Amenities High Ceiling City Limits Yes City Name Salinas Communications None Cross Street Perez Street Energy Saving Features Low Flow ShowerLow Flow Toilet Hoa YN No Incorporated Yes Lot Size Area Maximum 21015.00 Meters Master ElectricMaster GasMaster WaterSeparate ElectricSeparate Gas Rent Unit1 1300 Rent Unit2 1300 Restrictions None Security Features Security LightsVideo / Audio System Sewer Septic Sewer Connected Sq Ft Source Other Utilities Individual Electric MetersIndividual Gas Meters Water Private / Mutual Zoning R-H-2.1

    © 2020 MLSListings Inc. All rights reserved. Listing provided courtesy of Hap Albers of Albers Real Estate Investment Company.


    © 2020 MLSListings Inc. Based on information from MLSListings MLS as of 2020-08-11T08:47:47.397. 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. DX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or eXp Realty of California, Inc.

    Licensed in the State of California.
     
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