11320 Sanchez Street, Castroville, CA 95012
Monterey County
Key Facts
Description
17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.
Property Information
Property Type
Commercial Sale
Year Built
1964
Living Area
14,790 sq ft
Lot Size
0.34 acres
Parking Spaces
17
Zoning
Multi-Family
Days on Market
67
MLS® Listing#
ML82045975
Property Features
Cooling
Heating
Roof
Utilities
Water Source
Financial Details
Annual Taxes
$21,210
Parcel Number
030074006000
Directions
Cross Street: Geil St.
Affordability Calculator
$920,000
Estimated monthly payment
$24,483/mo
Principal $3,680,000 · Est. interest $5,133,927 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Castroville, CA
- $816,667
- Median Listing Price
- 78
- Median Days on Market
- 1,400
- Median Sq Ft
- $311
- Median Price / Sq Ft
- 21
- Active Listings
- This home’s price is 463% above the area median.
- Its price per sq ft is right around the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Castroville, CA.
Location
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Points of Interest in Castroville, CA
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 11080 Commercial Parkway, CASTROVILLE, CA | $4,200,000 | — | — | 6,585 |
| 11080 Commercial Parkway, Castroville, CA | $4,200,000 | — | — | 6,585 |
| 11080 Commercial Parkway, Castroville, CA | $4,200,000 | — | — | 6,585 |
Moving Cost Estimate
EXIT Agents in Castroville
Listing Courtesy: Coast & Valley Properties, Inc. - 8317571270
Presented by: Amy M. Salmina
Licensed in the state of California.