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122 Martella St
Salinas, CA 93901
Multifamily Property For Sale · 4 Units

Investment Highlights

  • Two single family houses and one duplex on one parcel
  • Mixed Arterial Frontage Zoning (MAF)
  • Rents are low on two units

Executive Summary

Albers Real Estate is proud to present for your review: 122, 126 A & B, & 130 Martella Street in Salinas. This property has 4 units on a 17,569 sq. ft. parcel. 122 Martella is a 960 square foot, three-bedroom / one-bathroom home with an attached garage, fully fenced backyard, and lots of space for cars and trucks. 126 Martella is a duplex with 2 two-bedroom / one-bathroom units. Each unit has its own private, fully fenced backyard. 130 Martella Street is a 1,065 square foot two-bedroom / one-bathroom home with a fully fenced yard. The home has a one-car garage. The residents pay all PG&E and trash expenses. The owner pays for water for 126 Martella and sewer for all units. 122 & 130 Martella are responsible for their water meter expenses.

Property Facts

Price Per Unit $409,067 CAD
Sale Type Investment
Cap Rate 5.89%
Sale Conditions
Deferred Maintenance
  • Redevelopment Project
Gross Rent Multiplier 12.07
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.40 AC
Building Size 17,569 SF
Average Occupancy 75%
No. Stories 1
Year Built 1955
Zoning Mixed Arterial Frontage - Mixed Arterial Frontage

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 3 $3,074 CAD 547 - 1,065
3+1 1 $2,576 CAD 960

Property Taxes

Property Taxes

Parcel Number
003-141-018-000
Land Assessment
$221,768 CAD
Improvements Assessment
$197,781 CAD
Total Assessment
$419,549 CAD
  • Listing ID: 41481854

  • Date on Market: 2026-07-29

  • Last Updated:

  • Address: 122 Martella St, Salinas, CA 93901

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