1202 Castroville Rd , Salinas, CA 93907
$1,299,000
Est. Payment: $6,559.57/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 414
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.

Highlights

Listed by Celeste Faraola Perie , 831-239-4646 Schooner Realty , 831-425-1515. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
66.28

County

Monterey

Area

699 - Not Defined

School District

Other

Listing ID

ML82006514

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Other:Well

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Zoning:agriculture
Principal Interest
$6,560
Taxes
$828

Home Price

$1,299,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$259,800
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:
$6,559.57

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,559.57 $828.11 $0.00 $7,387.68
Yearly $78,714.83 $9,937.35 $0.00 $88,652.18
Total $2,361,444.78 $298,120.50 $0.00 $2,659,565.28

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Salinas, 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: 2026-08-10T22:37:46.000Z

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