431 Espinosa Road, Salinas, CA 93907
$5,495,000
Est. payment /mo
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9 Beds
4,898 SqFt
Active

431 Espinosa Road Salinas, CA 93907

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Grant Inaba

Grant Inaba

+1(415) 992-2330

UPDATED:

Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 4,898 sqft

Price per Sqft $1,121

MLS Listing ID ML82062979

Bedrooms 9

HOA Y/N No

Year Built 1957

Lot Size 24.810 Acres

Property Sub-Type OTHER

Property Description

Rare 24.81 acre offering near the northern edge of Salinas, approximately one-quarter mile from Highway 101. Includes 5.17 acres zoned Heavy Commercial and 19.64 acres zoned Farmland (F/40), with approximately 980 feet of Espinosa Road frontage and level terrain. Land of this size and zoning seldom comes available in this area, offering a broad range of potential commercial uses. Four residences will be delivered vacant: a 2,758 SF main home with a stone fireplace, separate dining and family rooms, front porch and garage; a standalone 1BR/1BA home; and a duplex with two 2BR/1BA units. Residences are served by municipal water. A 23-acre row-crop lease generates $41,400 annually. The cultivated land has a history of organic strawberry production and an agricultural well. Estimated residential rents of $11,000/month bring projected gross annual income to $173,400 at full occupancy, before expenses. Residential uses are reported as legal nonconforming. Future uses are subject to County review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.

Location

State CA

County Monterey

Zoning HC a

Interior

Heating Forced Air, Wall Furnace, Propane

Cooling Ceiling Fan(s)

Fireplace No

Building

Water Public

New Construction No

Schools

School District Salinas Union High

Others

Tax ID 113081007000

Virtual Tour https://Tours.MontereyBayVirtualTours.com/idx/338541

Bridge MLS
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Mike Handley • Town'N Country Realty

NEARBY SCHOOL & BUSINESS

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Grant Inaba

Grant Inaba

Agent License ID: 01905199

+1(415) 992-2330

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431 Espinosa Road

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