450 Jayne Street, King City, CA 93930 | MLS 52154086 | Listing Information | Real Living Pacific Realty | Real Living Real Estate
Real Living Pacific Realty
(800) 660-9140

450 Jayne Street,  King City CA, 93930

Status: NEW LISTING
MLS#: 52154086
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Real Living Pacific Realty
(800) 660-9140

Listing Provided Courtesy Of: KW Coastal Estates
Last Updated: 6/19/2018 1:05 AM
Description for 450 Jayne Street King City, CA 93930
Great opportunity to own 33 units at close to 100k per unit!!! The units sit on a 3.35 acre parcel of high density residential land in the city limits of King City, CA. The units are free standing cottages/homes with their own yards. 3 of the units are mobile homes that will transfer with the sale. Most of the units are in fair condition and some will need work. 15 of the 30 cottages/homes have concrete perimeter foundations and the other 15 units have mud sill foundations. There is an onsite laundry facility and all of the units are on pge, public water and public sewer systems. The zoning for the property is HDR which (per the city) allows for under 22 units per acre for the 3.35 acre parcel. Units are all currently rented for well under market value. This property is a perfect value-add investment that will provide steady positive cash flow and instant equity after units are updated.
Price
$3,400,000
Monterey County
52154086
NEW LISTING
Description
Great opportunity to own 33 units at close to 100k per unit!!! The units sit on a 3.35 acre parcel of high density residential land in the city limits of King City, CA. The units are free standing cottages/homes with their own yards. 3 of the units are mobile homes that will transfer with the sale. Most of the units are in fair condition and some will need work. 15 of the 30 cottages/homes have concrete perimeter foundations and the other 15 units have mud sill foundations. There is an onsite laundry facility and all of the units are on pge, public water and public sewer systems. The zoning for the property is HDR which (per the city) allows for under 22 units per acre for the 3.35 acre parcel. Units are all currently rented for well under market value. This property is a perfect value-add investment that will provide steady positive cash flow and instant equity after units are updated.
Listing Information
Property Type: Other
3.35 Acres 1967
Public Water Service
Public Sewer
Neighborhood
Room Information
Coin Laundry
Interior Features
None
Wall Unit
3
Exterior / Lot Features
50 Parking Spaces
Tar Gravel
Level
Level
Financial Considerations
026311003000
$317,300
Listing Price History

King City Real Estate

King City is located in California. King City, California 93930 has a population of 13,902.

The median household income in King City, California 93930 is $40,500. The median household income for the surrounding county is $58,582 compared to the national median of $53,482. The median age of people living in King City 93930 is 26.4 years.

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Courtesy: - KW Coastal Estates
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This content last refreshed on 6/19/2018 1:05 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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