148 Encinal St, SOLEDAD, CA

$6,300,000

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19,019

Square feet

0.69

Acres

About 148 Encinal St

Piini Realty is pleased to present this offering of a 28-unit apartment complex located in Soledad. The complex is comprised of three separate buildings with a total of 28 dwelling units including eight 2-bedroom/1-bath units, sixteen 1-bedroom/1-bath units and four studios with an average size of 679 square feet per dwelling unit. Many of these units have been extensively remodeled within the past five years including new kitchens, new bathrooms, new heating units, remodeled balconies and much more. There are 34 on-site parking stalls with 7 enclosed garages, 19 covered carport stalls and 8 open parking stalls. The current owner occupies 17 units for employee housing, but these units can be delivered vacant and available to lease at current market rent. The remaining 11 units are leased to residents with rents that were increased on August 1, 2023. The property is a very well-maintained complex from the landscaping to building finishes and has enjoyed consistent rental demand with very little turnover.

Features of 148 Encinal St

MLS® # ML81952566
Price $6,300,000
Square Footage 19,019
Acres 0.69
Year Built 1977
Type Multi-Residential
Sub-Type Five or More Units
Status Contingent

Community Information

Address 148 Encinal St
Area Soledad
City SOLEDAD
County Monterey
State CA
Zip Code 93960

Amenities

Utilities Individual Electric Meters, Individual Gas Meters, Public Utilities
Parking Spaces 8
View Mountains, Valley
Is Waterfront No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No

Exterior

Lot Description Grade - Level, Regular
Roof Composition Roof
Foundation Concrete Slab

Additional Information

Zoning R-3
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentJoe Piini
OfficePiini Realty
Contact Info831-422-5327

Listing Map

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