148 Encinal Street

Soledad, CA 93960

$6,300,000
Price
Beds
19,019 Sq. Ft.
$331 / Sq. Ft.
19,019
Sq. Ft.
$331
per Sq. Ft.

Description

Piini Realty is pleased to present this offering of a 28-unit apartment complex located in Soledad. The complex is comprised of three separate buildings with a total of 28 dwelling units including eight 2-bedroom/1-bath units, sixteen 1-bedroom/1-bath units and four studios with an average size of 679 square feet per dwelling unit. Many of these units have been extensively remodeled within the past five years including new kitchens, new bathrooms, new heating units, remodeled balconies and much more....Piini Realty is pleased to present this offering of a 28-unit apartment complex located in Soledad. The complex is comprised of three separate buildings with a total of 28 dwelling units including eight 2-bedroom/1-bath units, sixteen 1-bedroom/1-bath units and four studios with an average size of 679 square feet per dwelling unit. Many of these units have been extensively remodeled within the past five years including new kitchens, new bathrooms, new heating units, remodeled balconies and much more. There are 34 on-site parking stalls with 7 enclosed garages, 19 covered carport stalls and 8 open parking stalls. The current owner occupies 17 units for employee housing, but these units can be delivered vacant and available to lease at current market rent. The remaining 11 units are leased to residents with rents that were increased on August 1, 2023. The property is a very well-maintained complex from the landscaping to building finishes and has enjoyed consistent rental demand with very little turnover.
  1. Listed by Joe Piini • DRE #01889295 • Brokerage DRE #00542238 • Piini Realty • 831-422-5327

Property Details for 148 Encinal Street

MLS City Name
SOLEDAD
Building Type
Other
Complex Name
150 Encinal
Garage Spaces
6
Parking Spaces
8
View
Mountains, Valley
Cross Street
Monterey St

Location

Listing Courtesy of Piini Realty, Joe Piini, DRE #01889295
Add your commute
LISTING UPDATED: 04/30/2024 04:32 PM

Property Details for 148 Encinal Street

StatusContingent
MLS #ML81952566
Days on Compass98
Taxes$69,300 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1977
Lot Size0.69 AC / 30,000 SF
CountyMonterey County

Location

Listing Courtesy of Piini Realty, Joe Piini, DRE #01889295
Add your commute

Building Information for 148 Encinal Street

Stories-Residences-Year Built1977Building Size-Lot Size0.69 AC / 30,000 SF

Payment Calculator

$40,157 per month

30 year fixed, 7.25% Interest

Principal and Interest

$34,382

Property Taxes

$5,775

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 148 Encinal Street

Features
Room Information
  • Kitchen: Appliances - Vary by Unit, Microwave, Oven Range, Refrigerator, Varies by Unit
Features
  • Fireplace: No
  • Living SqFt: 19019
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 19
Garage
  • Garage and Parking: Common Parking Area, Covered Parking, Guest / Visitor Parking, Private / Exclusive, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 28
  • Area Text: Soledad
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 148
  • Street Name: Encinal
  • Street Suffix: Street
  • Area ID: 95
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 19019
  • Structure SqFt Source: Assessor
  • Age: 47
Development Information
  • Zoning Detail: R-3
Location Information
  • City Limits: Yes
  • Parcel Number: 022-014-014-000
  • County Name: Monterey
  • City Name: SOLEDAD
  • City Postal ID: 213
  • Postal Code: 93960
  • Elementary School District: 956
  • High School District Text: Soledad Unified
Lot Information
  • Foundation: Concrete Slab
  • Lot Acres: .69
  • Lot Description: Grade - Level, Regular
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 28
General Information
  • Annual Tax Amount: $69,300
  • Capitalization Rate: 3.19
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Mgrs Unit Rental, Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $28,262
  • Expense Landscape: $0
  • Expense Maintenance: $39,490
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $46,916
  • Expenses Total: $183,968
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 15.88
  • Income Annual Gross: $384,818
  • Income Annual Rental: $396,720
  • Income Gross Scheduled: $396,720
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 0

Property History for 148 Encinal Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 148 Encinal Street

Taxable ValueLand$1,935,752Additions$2,307,720Total$4,243,472
Tax Record2023$50,353 ($4,196 / month)
Home Facts
Baths28Total Finished SqFt19,019 SqFtAbove Grade Finished SqFt19,019 SqFtStories2Lot Size30,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1977CountyMONTEREYAPN022-014-014-000

Schools near 148 Encinal Street

This home is within Soledad Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gabilan Elementary School
PublicK to 6

Main Street Middle School
Public7 to 8

Soledad High School
Public9 to 12

Pinnacles High School
Public9 to 12

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.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Piini Realty, Joe Piini, DRE #01889295

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.