Log In/Sign Up
Your email has been sent.
11320 Sanchez St 17 Unit Apartment Building $5,921,567 CAD ($348,327 CAD/Unit) 6.54% Cap Rate Castroville, CA 95012
Executive Summary
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 installed within the last five years. 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.
The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs installed within the last five years. 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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$549,679
|
$34.07
|
| Other Income |
$50,619
|
$3.14
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$600,298
|
$37.21
|
| Taxes |
$87,848
|
$5.45
|
| Operating Expenses |
$125,431
|
$7.78
|
| Total Expenses |
$213,280
|
$13.22
|
| Net Operating Income |
$387,018
|
$23.99
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $549,679 |
| Annual Per SF | $34.07 |
| Other Income (CAD) | |
|---|---|
| Annual | $50,619 |
| Annual Per SF | $3.14 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $600,298 |
| Annual Per SF | $37.21 |
| Taxes (CAD) | |
|---|---|
| Annual | $87,848 |
| Annual Per SF | $5.45 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $125,431 |
| Annual Per SF | $7.78 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $213,280 |
| Annual Per SF | $13.22 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $387,018 |
| Annual Per SF | $23.99 |
Property Facts
| Price | $5,921,567 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $348,327 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.54% | Building Size | 16,132 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.46 | No. Stories | 2 |
| No. Units | 17 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | HDR | ||
| Price | $5,921,567 CAD |
| Price Per Unit | $348,327 CAD |
| Sale Type | Investment |
| Cap Rate | 6.54% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 17.46 |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 16,132 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.24/1,000 SF |
| Zoning | HDR |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 17 | $3,065 CAD | 870 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 030-074-006-000 | Total Assessment | $2,797,715 CAD |
| Land Assessment | $635,840 CAD | Annual Taxes | $87,848 CAD ($5.45 CAD/SF) |
| Improvements Assessment | $2,161,876 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
030-074-006-000
Land Assessment
$635,840 CAD
Improvements Assessment
$2,161,876 CAD
Total Assessment
$2,797,715 CAD
Annual Taxes
$87,848 CAD ($5.45 CAD/SF)
Tax Year
2025
1 of 12
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
11320 Sanchez St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.