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About the Listing ML38542 - ML5081896
Opportunities like this are becoming increasingly difficult to find an affordable four-unit investment in Salinas that offers both immediate stability and meaningful upside. Set on a generous lot of just over 10,000 square feet, this property is comprised of four detached units, creating a more private and livable environment that tenants appreciate and tend to stay in. The unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit, providing flexibility and consistent rental appeal. The property is currently occupied by long-term tenants, offering an investor the benefit of immediate income from day one, while the below-market rental profile presents a clear path for future growth over time. Recent improvements, new exterior paint, new front doors & new roofs installed July of 2025 & updated electrical panels, add to the overall functionality and help minimize near-term capital expenses. What truly sets this property apart is the combination of layout, lot size, and entry price an increasingly rare opportunity to acquire a multi-unit asset with both stability today and the potential to enhance performance in the future. Offered at $688,800, this is a compelling option for investors looking to secure a foothold in the Salinas market with room to grow.
Listing Highlights
Status
Pending
Days on Site
8
Property Type
Multi-Family
MLS ®
ML82040252
Year Built
1939
Total Square Footage
2,006
Lot/Acreage
0.24
Interior Details
- Bedrooms: 5
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Wall Furnace
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: rm
- Roof: Composition
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $5,275
- Taxes w/Assessments: N/A
- Tax/Property ID: 004401013
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
782 Kilbreth Ave Salinas, CA 93905
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