About 11320 Sanchez Street
17-unit multifamily investment opportunity in the coastal market of Castroville. The property features a highly desirable unit mix of 2-bedroom, 1-bath units, well-suited for strong workforce and family rental demand in the area. The asset offers a combination of stable in-place income with value-add potential, supported by newer roofs. Units feature functional layouts with durable finishes, and the property includes on-site coin-operated laundry and designated tenant parking, enhancing convenience and retention. Strategically located with easy access to Highway 1 and Highway 183, providing connectivity to Salinas, Monterey, and Santa Cruz employment hubs. Castroville continues to experience strong rental demand driven by limited housing supply and its position as a more affordable alternative to surrounding coastal markets.
Features of 11320 Sanchez Street
| MLS® # | ML82045975 |
|---|---|
| Price | $4,250,000 |
| Bathrooms | 0.00 |
| Acres | 0.34 |
| Year Built | 1964 |
| Type | Commercial Sale |
| Status | Active Under Contract |
Community Information
| Address | 11320 Sanchez Street |
|---|---|
| Area | 699 - Not Defined |
| City | Castroville |
| County | Monterey |
| Zip Code | 95012 |
Amenities
| Utilities | Natural Gas Available |
|---|---|
| Parking Spaces | 17 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Wall Furnace |
|---|---|
| Cooling | None |
| Has Basement | No |
| Fireplace | No |
Exterior
| Roof | Other |
|---|
School Information
| District | North Monterey County Unified |
|---|
Additional Information
| Date Listed | May 5th, 2026 |
|---|---|
| Days on Market | 117 |
| Zoning | Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Amy M. Salmina |
|---|---|
| Office | Coast & Valley Properties, Inc. |