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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Mella Hajian

Mella Hajian

+1(310) 722-3666
$4,395,000
Est. payment /mo
0.46 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID ML82012531

HOA Y/N No

Year Built 1979

Annual Tax Amount $49,735

Lot Size 0.460 Acres

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 699 - Not Defined

Zoning Multifamily

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Carport Spaces 18

Roof Type Flat

Total Parking Spaces 6

Building

Water Public

Schools

School District Other

Others

Tax ID 004074048000

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Alex Budka Redwood Property Company

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 6

    New Republic Elementary School

    Public | KG - 5

  • 5

    Mission Park Elementary School

    Public | KG - 6

  • 5

    Laurel Wood Elementary School

    Public | KG - 6

  • 5

    John E. Steinbeck Elementary School

    Public | KG - 6

  • 5

    Alisal Community School

    Public | KG - 6

  • 4

    Oasis Charter Public

    Public | KG - 8

  • 4

    Lincoln Elementary School

    Public | KG - 6

  • 4

    Monterey Park Elementary School

    Public | KG - 6

  • 4

    Monterey County Home Charter

    Public | KG - 12

  • 4

    Natividad Elementary School

    Public | KG - 6

  • 4

    Jesse G. Sanchez Elementary School

    Public | KG - 6

  • 4

    Cesar E. Chavez Elementary School

    Public | KG - 6

  • 4

    Monte Bella Elementary School

    Public | KG - 6

  • 3

    Henry F. Kammann School

    Public | KG - 6

  • 3

    McKinnon Elementary School

    Public | KG - 5

  • 3

    Loma Vista Elementary School

    Public | KG - 6

  • 3

    Creekside Elementary School

    Public | KG - 6

  • 3

    Bardin Elementary School

    Public | KG - 6

  • 3

    Oscar F. Loya Elementary School

    Public | KG - 6

  • 2

    Roosevelt Elementary School

    Public | KG - 6

Middle Schools 8
  • 5

    Washington Middle School

    Public | 7 - 8

  • 5

    La Paz Middle School

    Public | 7 - 8

  • 4

    Harden Middle School

    Public | 7 - 8

  • 1

    El Sausal Middle School

    Public | 7 - 8

  • 0

    Palma School

    Private | 7 - 12

  • 0

    Carr Lake Community Day

    Public | 7 - 12

  • 0

    El Puente

    Public | 7 - 12

  • 0

    Salinas Community

    Public | 7 - 12

High Schools 8
  • 7

    Salinas High School

    Public | 9 - 12

  • 5

    North Salinas High School

    Public | 9 - 12

  • 5

    Millennium Charter High School

    Public | 9 - 12

  • 5

    Everett Alvarez High School

    Public | 9 - 12

  • 4

    Alisal High School

    Public | 9 - 12

  • 0

    Notre Dame High School

    Private | 9 - 12

  • 0

    Mount Toro High School

    Public | 9 - 12

  • 0

    Mission Trails Regional Occupational Program

    Public | 9 - 12

School and business data provided by Attom Data.
Mella Hajian

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(310) 722-3666

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4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA

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75 N Hebbron AVE