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Listed by Adam S. Levin • Marcus & Millichap, DRE#01462752
$3,900,000
Est. payment /mo
15,985 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 15,985 sqft
Price per Sqft $243
MLS Listing ID ML82044078
Year Built 1958
Lot Size 9,588 Sqft
Property Sub-Type Five or More Units
Property Description
Situated on a combined 0.616 acres of land, the subject property features a gross rentable area of approximately 15,985 square feet, offering tenants spacious twobedroom floor plans. Tenants also enjoy convenient amenities such as on-site laundry and private covered parking. 948 Lupin Dr in Salinas, CA sits in a well-positioned North Salinas neighborhood with convenient access to everyday lifestyle amenities and major transportation corridors, making it an attractive multifamily asset. Residents enjoy close-by shopping centers such as Sherwood Gardens and East Laurel Square, local dining options, and essential services within a short drive, while parks and regional recreation like Fort Ord National Monument and Marina State Beach are easily accessible for outdoor activities. Additionally, the growing active transportation network of bikeways and sidewalks enhances walkability and access to community destinations, supporting a balanced urban lifestyle for tenants. The investment appeal of this asset is driven by Salinas' strong employment fundamentals and low vacancy levels.
Location
State CA
County Monterey
Area Northgate/Sherwood Gardens, Santa Rita
Zoning 1
Interior
Heating Central Forced Air
Cooling Central AC
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 18.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 003-644-020-000
Security Features None
Special Listing Condition Not Applicable
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