431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
431 Espinosa RD, Salinas, CA 93907
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jeffrey Walker

Jeffrey Walker

+1(949) 903-3731
$ 5,495,000
Est. payment | /mo

4,898 SqFt

Save Virtual Tour
$ 5,495,000
Est. payment | /mo
Save Virtual Tour

4,898 SqFt

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,898 sqft

Price per Sqft $1,121

MLS Listing ID ML82062979

HOA Y/N No

Year Built 1957

Annual Tax Amount $65,940

Lot Size 24.810 Acres

Property Sub-Type Mixed Use

Property Description

Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning HC and F/40

Interior

Heating Propane, Wall Furnace

Fireplace No

Exterior

Garage Spaces 2.0

Garage Description 2.0

View Y/N No

Roof Type Composition

Accessibility None

Building

Story 1

Water Public, Well

Schools

School District Other

Others

Tax ID 113081007000

Special Listing Condition Standard

Virtual Tour https://Tours.MontereyBayVirtualTours.com/idx/338541

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Mike Handley Town'N Country Realty #01280498

Nearby Locations

Jeffrey Walker

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

+1(949) 903-3731

jeffrey@walkerpropertygroupca.com

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Jeffrey Walker, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

431 Espinosa RD

California Real Estate

 

Welcome to RiseRealtyCA.com, your one-stop source for California real estate.

 

Use our state-of-the-art property search, including an interactive map search, to find homes for sale in California. These listings are updated daily from the MLS.

 

Or, use our Community Guide to help you in your search for California real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.

 

And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in California.

 

Thanks for visiting RiseRealtyCA.com, home of exquisite properties and excellent service.