Property photo 1
Property photo 2
Property photo 3
Property photo 4
Property photo 5
1,080,724 sqft

$5,495,000

431 Espinosa RD, Salinas CA, 93907

Price per sqft$5.08
Built in1957
Property size1,080,724 sqft
Property typeMulti-family

Overview

Active

Listed Sep 29, 2026

Updated 9 days ago

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

$36,558/mo

Est. mortgage payment based on a $5,495,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Other Property Details

Association Fee Frequency
Monthly
Garage
Yes

Listed by Mike Handley with Town'N Country Realty
Listing Contact: 831-262-2400 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Carolina Kramer | CA DRE# 02251338 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2026 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/30/2026

.     

Powered by Luxury Presence