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501 Fremont St Salinas, CA, 93905
$1,949,000 Commercial under contract Other
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.
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Property details
4,248 sqft interior area
Land area
19,200 sqft (0.44 acres)
Days on Verhouse
56
Address
501 Fremont St, Salinas, CA, 93905
City of California
Salinas
County
Monterey
Year Built
1950
District
Listing
Nearby major retailers
Costco
Lowe's
Walmart Supercenter
T-Mobile
Toyota
Wholesale: 1
Do it yourself: 1
Supermarket: 2
Mobile phone: 1
Car: 1
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Interior Features
Laminate, Tile floors
Roof
Shingle
Floor Covering
Laminate, Tile
Appliances
Refrigerator
Listed by
Hap Albers, Albers Real Estate Investment Company
Name
Hap Albers
License number
01006595
Brokerage company
Albers Real Estate Investment Company
MLS #
ML81957714
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Calculate your monthly payments
Mortgage
$5,984
Taxes
$0
HOA dues
$0
Mortgage
$389,800 / 20%
2.28%
30 years
Your amount
$5,984 / month
Lot details
TMK #004022014000
Parcel nr.
004022014000
93905 info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
—
no data
High school
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no data
Local airport
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no data
People living in 93905
53%
Families with children
National average: 39%
23%
Non family households
176,510
Population
$79,605
Average Income
Age & gender
Median age 32 years
More info
Commute types
83% commute by car
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Education level
36% have not graduated education
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Number of employees
5% work in agriculture
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Vehicles available
36% have 2 vehicle
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Vehicles by gender
36% have 2 vehicle
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Housing market insights for
$683.4k
Neighborhood average
sales price*
sales price*
$682k
Neighborhood median
sales price*
sales price*
204
Number
of sales*
of sales*
Housing type
56% are single detacheds
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Rooms
48% of the houses have 4 or 5 rooms
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Bedrooms
66% have 2 or 3 bedrooms
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Owners vs Renters
53% are renters
More info
11 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Price history
Under contract Apr 16, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 16, 2024 | Under contract | $1,949,000 | 0 | MLS #ML81957714 |
| Mar 15, 2024 | New Listing | $1,949,000 | 0 | MLS #ML81957714 |
Taxes of 501 Fremont St, Salinas, CA, 93905
R-L- zoning / MLS #ML81957714
Zoning
R-L-
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Frequently Asked Questions about 501 Fremont St
What is 501 Fremont St?
501 Fremont St is a Commercial/Industrial propertywith 4,248 sqft interior space.
What is the rental income?
-
What is the full address of this Commercial?
501 Fremont St, Salinas, CA, 93905.
What comparable properties are nearby?
Comparable nearby commercial properties include 155 Griffin St, 112 N Main St, 1034 E Laurel Dr, 221 E Romie Ln, 501 Green St, 240 W Market St.
Based on information from the bridgeMLS as of 05-09-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing last updated on: Apr 16, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Foods Co, 0.8 miles away and Santa Fe, 1.39 miles away.
The 93905 zip area has a population of 176,510, and 53% of the families have children. The median age is 32.64 years and 83% commute by car. The most popular housing type is "single detached" and 53% is renter.
