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11320 Sanchez St , Castroville, CA 95012
$4,250,000
Est. Payment: $23,325.59/mo
14790 Sqft
0.34 Acres
Status: Active Under Contract | Days on site: 112
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ML89963 - ML487236
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Chris Heller
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House Description

17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.
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Highlights

Listed by Amy M. Salmina , 831-970-9540 Coast & Valley Properties, Inc. , 831-757-1270. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale
Lot/Acreage
0.34

Year Built

1964

County

Monterey

Area

699 - Not Defined

 School District

North Monterey County Unified

Listing ID

ML82045975

Questions about this listing?

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Interior Features

Water:Public

Exterior Features

Lot:No Land Lease
Garage Capacity:17
Zoning:Multi-Family
Roof:Other
Others:
  • ▪ Additional:2+ Total Units
Principal Interest
$23,326
Taxes
$1,768

Home Price

$4,250,000

Loan Details

30 yrs
7.307%

Down Payment

20%
$850,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$23,325.59

Principal

Taxes

Principal Taxes HOA Total
Monthly $23,325.59 $1,767.50 $0.00 $25,093.09
Yearly $279,907.05 $21,210.00 $0.00 $301,117.05
Total $8,397,211.63 $636,300.00 $0.00 $9,033,511.63

Today's Rates

30 Year

7.31%

20 Year

7.2%

15 Year

6.65%

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Market insight data is pulled from the same city as the listing being viewed (Castroville, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-03T17:14:43.000Z

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