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Castroville, CA

$4,600,000

11320 Sanchez Street, Castroville, CA
0
Baths
1964
Built
67
Days listed

About this home

17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.

Facts & features

Interior
Bathrooms
0
Heating
Wall Furnace
Cooling
None
Exterior & lot
Lot size
0.34 acres (14,790 sq ft)
Year built
1964
Parking spaces
17
Community
Area
699 - Not Defined
County
Monterey
Listing details
Status
Active
Property type
Commercial Sale
Days on market
67
Listed
2026-05-05
Original price
$4,850,000
Parcel #
030074006000
MLS #
ML82045975
Listed by
Amy M. Salmina · Coast & Valley Properties, Inc.
831-970-9540amy@coastandvalleypm.comDRE #01494129

Location

Price history

Listed
$4,850,000 · 2026-05-05
Price reduced
$4,600,000 (−$250,000)
Days on market
67
Current price
$4,600,000
Financing

Could this home be yours?

Estimated monthly payment
$28,857
$23,260 principal & interest · $5,597 taxes & insurance
$920,000
Estimate only
Loan $3,680,000

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Listing data provided by CRMLS

Listing courtesy of Coast & Valley Properties, Inc.. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 27, 2026 Equal Housing Opportunity.

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