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431 Espinosa Road

Salinas, CA 93907
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Bed 9

Bed

Bath 0

Bath

SqFt4,898

Sqft

SqFt1,080,724

Sqft(Lot)

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 reside ntial 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,495,000

AD Id : 91569199

MLS Id : ML82062979

Beds : 9

Lot Size : 1,080,724 Sq. Ft

Living Area Size : 4,898 Sq. Ft

Tax Amount : $65,940

Year Built : 1957

Garage : 2

County : Monterey

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Feature Features

  • Interior Features

    Roof: Composition
  • Heating & Cooling

    Has Heating: Yes Heating: Propane, WallFurnace Has Cooling: Yes

  • Building Information

    Year Built: 1957
    Building Area Total: 4898
    Private Pool: No

  • Lot Information

    Main Square Feet: 1080724 Lot Size Acres: 24.81 Lot Size Source: Assessor Lot Size Square Feet: 1,080,724

  • Listing Price Information

    Listing Price: $5495000

  • Tax Information

    Parcel Number: 113081007000 Annual Tax: $65940

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Cross Street: Christensen WaterSource: Public, Well
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
76857695 Pine Tree, Salinas, CA, 93907 $1,279,000 6 -- 2,302 21,780 Sq. Ft

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ByOwner last updated this listing 10/01/2026 @ 21:06

MLS: ML82062979 LISTED BY: Mike Handley, Town'N Country Realty 831-424-0001 SOURCE: CRMLS

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