Bought with Luis Valdez • Elite Realty
$1,525,000
$1,725,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
7,529 SqFt
SOLD DATE : 03/04/2025
Key Details
Sold Price $1,525,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 7,529 sqft
Price per Sqft $202
MLS Listing ID ML81989973
Sold Date 03/04/25
Bedrooms 3
Full Baths 2
Year Built 1971
Lot Size 0.344 Acres
Property Sub-Type Five or More Units
Property Description
Welcome to Holly Oak Townhomes! This 10-unit property is a rare opportunity to own a well-maintained multi-family investment in the heart of South Monterey County. Property Highlights: 10 generously sized two story townhomes consisting of 8 units: 2 bedrooms, 1 bath, and 2 units: 1 bedroom, 1 bath, with ample carports and parking for residents. This property's history has stable tenant base producing consistent steady income stream and dependable revenue. Below market rents unlock future potential and opportunity to maximize your ROI with future rent adjustments. Conveniently located near downtown restaurants, shopping, and public transportation, Don't miss this chance to acquire a property with immense upside potential in a sought-after King City location.
Location
State CA
County Monterey
Area King City/Pine Canyon
Zoning R4
Interior
Heating Wall Furnace
Cooling None
Exterior
Parking Features Carport
Utilities Available Public Utilities
Roof Type Composition
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions Other
Tax ID 026-196-003-000
Security Features Other
Special Listing Condition Not Applicable
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