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Closed
- Listed price
- $3,975,000
- Listed Oct 9, 2017
- Sold price
- $3,860,000
- Sold Mar 15, 2018
30,000 sqft lot|1977 Built|91 MLS days on market
148 Encinal St, Soledad, CA 93960
Property Description
The rental income for this 28 unit complex has a lot of potential upside with market rents $200 to $350 per unit above current in place rents. Proforma rents are potentially $405,000 as compared to the current rental income of $308,400. Seller has delivered rent increase notices effective February 1st, 2018, which will increase rental income to $28,900/$346,800 annually. Complex featuring 8 two bed / one bath units, 16 one bed / one bath units, and 4 studios. The one and two bedroom units have a fenced patio or a privacy deck. Soledad and the Salinas Valley has few currently available units on the rental market and lots of demand. The rental market has little new construction and the job market is growing because of the agriculture, wine, and marijuana industries in the Salinas Valley. The complex has asphalt pitched roofs, stucco exteriors, 34 off street parking spaces, and a onsite laundry room. Complex is well located near 101, schools, and services.
Listing agent: Hap AlbersDRE #01006595hap@albersrealestate.com, Listing office: Albers Real Estate Investment Company
MLS data updated 10/23/2026, 1:18:09 AM PT
Source: CRMLSMLS #: ML81680921
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Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$3,860,000
Mar 15, 2018
Available records22017–2018
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93960 · Oct 2026
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ZIP 93960 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
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