Exceptional investment opportunity. Land was used as a mobile park and now vacant. Property has existing water and electric hook ups, there are 30 water hook ups total. SELLER WILL FINANCE! Also available for sale is the property next door, ML81925114.
PRICE REDUCTION! SELLER MOTIVATED! Tremendous opportunity on this 20-unit complex, while being able to add more as per owner! Also there is development potential, as this property consists of 4 APN's for a total of 1.56 acres. located walking distance to downtown Castroville, Mass Transit, local Restaurants, Schools, Medical as well as Shopping. Owner is currently renting out 20 units between two buildings, consisting of a 12,500 sf and 9,000 sf building, not to mention outdoor storage. According to the 2015-2023 County of Monterey Housing Element Update, APN 030-141-025 is listed as an underutilized site, with potential for 46 units on all 4 parcels (030-141-025,027,034,035). In the Castroville Community Plan VOLUME I, the property is listed Mixed-use (MU-C). The Mixed-use designation allows for residential development on the same site or in the same building as commercial uses. Residential uses are generally high-density multi-family which includes flats, condos, and townhomes. Lot next door available. ML81925123, as well as adjacent trailer park.
Castroville is located in California. Castroville, California has a population of 6,689. Castroville is more family-centric than the surrounding county with 44.19% of the households containing married families with children. The county average for households married with children is 36.56%.
The median household income in Castroville, California is $52,555. The median household income for the surrounding county is $63,249 compared to the national median of $57,652. The median age of people living in Castroville is 28.6 years.
The average high temperature in July is 71 degrees, with an average low temperature in January of 39.5 degrees. The average rainfall is approximately 19.3 inches per year, with 0 inches of snow per year.
