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11320 Sanchez St
Castroville, CA 95012 Elkhorn/Pajaro

$4,250,000 USD

Apartments For Sale  •  16,132 SF

Property Details

  • Property Type Apartments
  • Total Building Size 16,132 SF
  • Lot Size 0.34 AC
  • Building Class C
  • Year Built 1964
  • Cap Rate 6.54 %
  • Zoning HDR
30 Transit Score
30 Walk Score

Highlights

Fully occupied 17-unit multifamily community with a uniform two-bedroom floor plan.
Newer roofs and select renovated interiors support ongoing asset performance.
Designated parking is provided for residents throughout the property.
On-site laundry facilities create additional income potential.
Convenient access to Highway 1 and Highway 183 connects residents to regional employment centers.
Opportunity to enhance revenue through continued interior modernization.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $277,769 USD (2025)
Cap Rate: 6.54 %
Total Expenses: $153,074 USD

Public Transportation

Commuter RailDriveWalkDistance
15 min - 9.2 mi
AirportDriveWalkDistance
Monterey Regional 22 min - 16.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Amy Salmina 831-757-1270 Coast & Valley Properties, Inc.
Amy Salmina 831-757-1270 Coast & Valley Properties, Inc.