CA > Salinas
Salinas, CA 93905,75 N Hebbron AVE
Salinas, CA 93905,75 N Hebbron AVE
Salinas, CA 93905,75 N Hebbron AVE
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Listed by Alex Budka • Redwood Property Company
$4,395,000
Est. payment /mo
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2 Beds
2.5 Baths
14,328 SqFt
Contingent

75 N Hebbron AVE Salinas, CA 93905

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Brielle Bariteau

Brielle Bariteau

+1(831) 643-5965

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 14,328 sqft

Price per Sqft $306

MLS Listing ID ML82012531

Bedrooms 2

Full Baths 2

Half Baths 1

Year Built 1979

Lot Size 0.460 Acres

Property Sub-Type Five or More Units

Property Description

This multifamily offering presents investors with a rare opportunity to acquire a well-located asset in the Salinas market characterized by exceptionally tight housing supply and robust long-term fundamentals. With current rents approximately 24.5% below market, the property offers significant upside potential through rent repositioning, management efficiency, or light value-add improvements. The property has received lots of upgrades in the past 4 years: 3 units have undergone major renovations, with 10 other units receiving varying levels of upgrades such as new kitchens, new tub and surround replacements (including plumbing), new kitchens with shaker cabinets, quartz countertops, etc. All electrical subpanels (18) and main electrical panels (3) have been replaced. The majority of roofing was replaced, plus new facia, gutters and downspouts. Siding replacement was done on the end unit kick-outs. The exterior received a full paint job. Most water heaters have been replaced in the last four years. Loan assumable at 3.58% interest rate with 3 years remaining. Current cap rate of 5.47% with pro forma cap rate of 8.73%!

Location

State CA

County Monterey

Area Es-66

Zoning Multifamily

Interior

Heating Wall Furnace

Cooling None

Exterior

Parking Features Assigned Spaces, Off-Street Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Flat / Low Pitch

Building

Foundation Wood Frame

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 004-074-048-000

Security Features None

Special Listing Condition Not Applicable

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Brielle Bariteau

Brielle Bariteau

Owner CEO | REALTOR | Certified Property Manager | Certified Transaction Coordinator | License ID: 02049882

+1(831) 643-5965

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