- $4.4M Price
- .46 Acres
- 129 DOM
75 N Hebbron Avenue
This multifamily offering presents investors with a rare opportunity to acquire a well-located asset in the Salinas market characterized by exceptionally tight housing supply and robust long-term fundamentals. With current rents approximately 24.5% below market, the property offers significant upside potential through rent repositioning, management efficiency, or light value-add improvements. The property has received lots of upgrades in the past 4 years: 3 units have undergone major renovations, with 10 other units receiving varying levels of upgrades such as new kitchens, new tub and surround replacements (including plumbing), new kitchens with shaker cabinets, quartz countertops, etc. All electrical subpanels (18) and main electrical panels (3) have been replaced. The majority of roofing was replaced, plus new facia, gutters and downspouts. Siding replacement was done on the end unit kick-outs. The exterior received a full paint job. Most water heaters have been replaced in the last four years. Loan assumable at 3.58% interest rate with 3 years remaining. Current cap rate of 5.47% with pro forma cap rate of 8.73%!
Essential Information
- MLS® #ML82012531
- Price$4,395,000
- Bathrooms0.00
- Acres0.46
- Year Built1979
- TypeCommercial Sale
- StatusActive Under Contract
Community Information
- Address75 N Hebbron Avenue
- Area699 - Not Defined
- CitySalinas
- CountyMonterey
- Zip Code93905
Amenities
- Parking Spaces6
Interior
- HeatingWall Furnace
- CoolingNone
Exterior
- RoofFlat
School Information
- DistrictOther
Additional Information
- Date ListedJune 26th, 2025
- Days on Market129
- ZoningMultifamily
Listing Details
- AgentAlex Budka
- OfficeRedwood Property Company
Price Change History for 75 N Hebbron Avenue, Salinas, (MLS® #ML82012531)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Alex Budka, Redwood Property Company.
Based on information from California Regional Multiple Listing Service, Inc. as of November 13th, 2025 at 2:21am PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.