431 Espinosa Road, Salinas, CA 93907

Salinas
Local realty services provided by:ERA Donahoe Realty
431 Espinosa Road,Salinas, CA 93907
$5,495,000
Virtual Tour
  • - Beds
  • - Baths
  • 4,898 sq. ft.
  • Multi-family
  • Active
Listed by: mike handley
Office: town'n country realty831-424-0001
MLS#:ML82062979
Source:CRMLS

Price summary

  • Price:$5,495,000
  • Price per sq. ft.:$1,121.89

About this home

Rare 24.81± acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17± acres zoned Heavy Commercial and 19.64± acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758± SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to...

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Home facts

  • Year built:1957
  • Listing ID #:ML82062979
  • Added:45 day(s) ago
  • Updated:November 14, 2026 at 12:32 PM

Rooms and interior

  • Living area:4,898 sq. ft.

Heating and cooling

  • Heating:Propane, Wall Furnance

Structure and exterior

  • Roof:Composition
  • Year built:1957
  • Building area:4,898 sq. ft.
  • Lot area:24.81 Acres

Utilities

  • Water:Public, Well

Finances and disclosures

  • Price:$5,495,000
  • Price per sq. ft.:$1,121.89
  • Tax amount:$65,940

Parking

  • Garage:Yes
  • Garage spaces:2
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