$1,525,000
$1,725,000
11.6%For more information regarding the value of a property, please contact us for a free consultation.
0.34 Acres Lot
SOLD DATE : 03/04/2025
Key Details
Sold Price $1,525,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81989973
Sold Date 03/04/25
HOA Y/N No
Year Built 1971
Annual Tax Amount $3,762
Lot Size 0.344 Acres
Property Description
Welcome to Holly Oak Townhomes! This 10-unit property is a rare opportunity to own a well-maintained multi-family investment in the heart of South Monterey County. Property Highlights: 10 generously sized two story townhomes consisting of 8 units: 2 bedrooms, 1 bath, and 2 units: 1 bedroom, 1 bath, with ample carports and parking for residents. This property's history has stable tenant base producing consistent steady income stream and dependable revenue. Below market rents unlock future potential and opportunity to maximize your ROI with future rent adjustments. Conveniently located near downtown restaurants, shopping, and public transportation, Don't miss this chance to acquire a property with immense upside potential in a sought-after King City location.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 10
Roof Type Composition
Building
Water Public
Schools
School District Other
Others
Tax ID 026196003000
Financing Cash
Special Listing Condition Standard
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Bought with Luis Valdez • Elite Realty
"Molly's job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "