Active
4,898 sqft
431 Espinosa Rd, Salinas, CA 93907
Est: $34,830/moGet pre-approved
OtherProperty Type
24.81 acresLot Size
1957Year Built
$1,122/sq ftPrice per sq ft
2 carsParking Spaces

Description

Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family...Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.
Days on Market Listed Today
  • Listed by: Mike Handley DRE #01280498 Brokerage DRE #02237353 • Town'N Country Realty 831-262-2400
Last updated: 09/29/2026 12:50 PM • Source: MLSListings, MLS#: ML82062979

See It First™ on Compass

Find homes before they're listed on other real estate sites.

Start your search

Location

Listing Courtesy of Town'N Country Realty, Mike Handley, DRE #01280498
Add your commute

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$34,830 per month

30 year fixed, 7.03% Interest

Principal and Interest

$29,335

Property Taxes

$5,495

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 431 Espinosa Road

Property Details
  • Taxes: $65,940 / year
  • MLS Type: RESIDENTIAL INCOME / OTHER
  • MLS City Name: SALINAS
  • Building Type: OTHER
  • Garage Spaces: 2
  • Parking Spaces: 0
  • Cross Street: Christensen
Building Information
  • Stories: 1
  • Year Built: 1957
  • Lot Size: 24.81 AC / 1,080,724 SF
Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 4898
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: Ceiling Fan
  • Heating: Central Forced Air - Gas, Propane, Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Existing Septic, Sewer Connected
  • Utilities: Propane On Site, Public Utilities
  • Water: Public, Well
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Prunedale, Elkhorn, Moss Landing
  • Roof: Composition
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 431
  • Street Name: Espinosa
  • Street Suffix: Road
  • Area ID: 57
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 3
  • Structure SqFt: 4898
  • Structure SqFt Source: Other
  • Age: 69
Development Information
  • Ownership Type: Trust
  • Zoning Detail: HC and F/40
Location Information
  • City Limits: No
  • Parcel Number: 113-081-007-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93907
  • Elementary School District: 446
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Horse Property: No
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 4
General Information
  • Annual Tax Amount: $65,940
  • Capitalization Rate: 1.96
  • Tenant Expenses: Other
  • Income Includes: Crop(s), Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $0
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $0
  • Expenses Total: $65,940
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 31.69
  • Income Annual Gross: $173,400
  • Income Annual Rental: $173,400
  • Income Gross Scheduled: $173,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 1
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Rent: $4,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 696
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $2,000
Unit 3 Information
  • Unit 3 Approx Square Footage: 722
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $2,500
Unit 4 Information
  • Unit 4 Approx Square Footage: 722
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,500
Unit Type 1
  • Unit Type1 Approx SqFt: 2757

Property History for 431 Espinosa Road

DateEvent & SourcePriceAppreciation
Sep 29, 2026

Listed (Active)

MLSListings #ML82062979

$5,495,000—
Sep 29, 2026

Listed (Active)

EBRD #ML82062979

$5,495,000—
DateEvent & SourcePrice
09/29/2026

Listed (Active)

MLSListings #ML82062979

$5,495,000
09/29/2026

Listed (Active)

EBRD #ML82062979

$5,495,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 431 Espinosa Road

Taxable ValueLand$211,078Additions$100,219Total$311,297
Tax Record2025$6,610 ($551 / month)
Home Facts
Baths4.5Total Finished SqFt4,727 SqFtAbove Grade Finished SqFt4,727 SqFtStories1Lot Size1,080,724 SqFtStyleFarmsYear Built1957Year Renovated1957CountyMONTEREYAPN113-081-007-000

Schools near 431 Espinosa Road

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Santa Rita Elementary School
PublicK to 5

Gavilan View Middle School
Public6 to 8

Everett Alvarez High School
Public9 to 12

La Joya Elementary School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

431 Espinosa Road is for sale in Salinas, CA 93907. This listing's school districts are Salinas Union High School District, Santa Rita Union Elementary School District. Nearby schools include Santa Rita Elementary School, Gavilan View Middle School and Everett Alvarez High School. 431 Espinosa Road is a 0-bed, 0-bath, 4,898 sqft built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Town'N Country Realty, Mike Handley, DRE #01280498

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.