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Salinas, CA

$1,299,000

1202 Castroville Road, Salinas, CA
0
Baths
414
Days listed

About this home

Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.

Facts & features

Interior
Bathrooms
0
Exterior & lot
Lot size
66.28 acres (2,887,156.8 sq ft)
Community
Area
699 - Not Defined
County
Monterey
Listing details
Status
Active
Property type
Commercial Sale
Days on market
414
Listed
2025-05-12
Original price
$1,312,344
Parcel #
207011028000
MLS #
ML82006514
Listed by
Celeste Faraola Perie · Schooner Realty

Location

Price history

Listed
$1,312,344 · 2025-05-12
Price reduced
$1,299,000 (−$13,344)
Days on market
414
Current price
$1,299,000
Financing

Could this home be yours?

Estimated monthly payment
$8,149
$6,568 principal & interest · $1,580 taxes & insurance
$259,800
Estimate only
Loan $1,039,200

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Listing data provided by CRMLS

Listing courtesy of Schooner Realty. © 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 26, 2026 Equal Housing Opportunity.

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