For more information regarding the value of a property, please contact us for a free consultation.
501 Fremont ST Salinas, CA 93905
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,750,000
Property Type Multi-Family
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,248 sqft
Price per Sqft $411
MLS Listing ID ML81957714
Sold Date 06/18/24
Bedrooms 3
Full Baths 3
Originating Board MLSListings, Inc.
Year Built 1950
Lot Size 0.441 Acres
Property Sub-Type Five or More Units
Property Description
Eleven units in Salinas have significant potential rent upside. The two-bedroom units average $1311 monthly, and the two-bedroom market rents are estimated at $2200. The studio and one-bedroom units average $1158 monthly, and the studio / one-bedroom market rents are estimated at $1500. Potentially, there is $5,000+ per month in rental upside. There are three two-bedroom cottages, one four-plex building, and four cottages connected with covered carports. The asphalt parking lot was recently repaved. The units are separately metered for gas and electricity. The owner pays for water, sewer, and garbage. The complex is close to grocery markets, restaurants, Highway 101, and many employment centers.
Location
State CA
County Monterey
Area Es-66
Zoning R-L-5.5 Residential Low Density
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Laminate, Tile, Vinyl / Linoleum
Laundry None
Exterior
Parking Features Carport
Garage Spaces 5.0
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Private / Mutual
Others
Tax ID 004-022-014-000
Special Listing Condition Not Applicable
Read Less
© 2025 MLSListings Inc. All rights reserved.
Bought with Miguel Amaya • Real Brokerage Technologies