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31851567
31851568

948 Lupin Drive, Salinas, CA 93906

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto
$3,900,000
44 days on market
Updated 44 days ago
Opportunity zone

948, 956 & 962 Lupin Drive

Details
Property Type Multifamily
Square Footage 15,895
Acreage 0.610

Rare 18-Unit North Salinas Multifamily Assemblage with Strong Location Fundamentals and Connectivity

Marketing description

948, 956 & 962 Lupin Dr is a rare assemblage of three contiguous 6-unit multifamily assets located in the coastal city of Salinas, California. Situated on a combined 0.616 acres of land, the subject property features a gross rentable area of approximately 15,985 square feet, offering tenants spacious twobedroom floor plans. Tenants also enjoy convenient amenities such as on-site laundry and private covered parking. 948 Lupin Dr in Salinas, CA sits in a well-positioned North Salinas neighborhood with convenient access to everyday lifestyle amenities and major transportation corridors, making it an attractive multifamily asset. Residents enjoy close-by shopping centers such as Sherwood Gardens and East Laurel Square, local dining options, and essential services within a short drive, while parks and regional recreation like Fort Ord National Monument and Marina State Beach are easily accessible for outdoor activities. The subject property also benefits from proximity to key transportation infrastructure, including U.S. 101 and State Routes 68 and 183, which provide quick regional connectivity throughout Monterey County and beyond, as well as local bus service by Monterey-Salinas Transit with connections at the nearby Salinas Intermodal Transportation Center offering Amtrak and bus connections. Additionally, the growing active transportation network of bikeways and sidewalks enhances walkability and access to community destinations, supporting a balanced urban lifestyle for tenants. The investment appeal of this asset is driven by Salinas' strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Monterey County, 948, 956 & 962 Lupin Dr presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment highlights

  • Rare Multifamily Portfolio Investment Opportunity - Investors have the rare opportunity to acquire a well-situated assemblage of three contiguous 6-unit assets in the thriving coastal city of Salinas, CA.
  • Desirable Unit Mix - Tenants at 948, 956 & 962 Lupin Dr enjoy 100% beautifully designed, spacious two-bedroom floor plans.
  • Convenient Tenant Amenities - The subject property offers tenants convenient amenities such as on-site laundry and private covered parking.
  • Proximity to Major Transportation Corridors - 948, 956 & 962 Lupin Dr benefits from its close proximity to multiple transportation corridors, including the U.S. 101 and State Routes 68 and 183.

Listing Contacts

RJ
CA 01853816, CA CA 01853816
Marcus & Millichap - Palo Alto
AL
CA 01462752
Marcus & Millichap - Palo Alto
Listed by Marcus & Millichap - Palo Alto

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Additional Information

Name
Robert Johnston
License
01853816
Brokerage
Marcus and Millichap
Brokerage Phone
6503911744
Brokerage Address
2626 Hanover Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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