REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Natalie Miranda
marketing@thewhipplegroup.com$ 3,995,000
Est. payment | /mo
0.56 Acres Lot
$ 3,995,000
Est. payment | /mo
0.56 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82025341
HOA Y/N No
Year Built 1945
Annual Tax Amount $2,131
Lot Size 0.561 Acres
Property Description
Great investment property. Large Commercial Property known as 70 Porter Dr & 80A Porter Dr. APN # 117-332-015, APN 117-332-014. There are currently 10 rental income units. Residential tenants on 2nd floor above Stereo Electronics store. One Studio unit and 2 individual bedroom rentals. Other long term tenants are a restaurant, auto repair, auto body, market, hair salon, battery sales, The square footage stated are either from the tax assessor records or property manager and are not guaranteed exact. All the commercial tenants have been long term and are on month to month agreements. New 30 year roof completed in June 2022 with 10 year warranty. All new electrical in 2015, new plumbing in residential units in 2020. There are 3 water meters (1 not being used). Seven electrical meters on the property. Pro forma shows good upside in rent potential, based on current market rental rates. This is definitely worth a look.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning C
Interior
Cooling None
Fireplace No
Exterior
Roof Type Other
Present Use Commercial
Total Parking Spaces 17
Building
Water Public
Others
Tax ID 117332015000
Listed by Paul Zech Coldwell Banker Realty
GET MORE INFORMATION
Natalie Miranda
Marketing Director | License ID: 02122928