Investment Overview

The Zurich Group of Marcus & Millichap is pleased to present 109 San Juan Grade Road in Salinas, California. Situated on a generous half-acre lot, the property consists of twelve (12) 2-Bedroom x 1.5-Bathroom townhouse-style units totaling approximately 12,120 square feet of building area. The well-designed two-story layouts offer a desirable separation of living and sleeping areas, appealing to long-term tenants seeking a more residential feel than traditional apartment living. With all units featuring the same spacious floor plan, the asset provides operational simplicity and consistent rental demand. The property is ideally positioned within North Salinas, just 0.5 miles from Harden Ranch Plaza, home to national retailers including Walmart Supercenter, Target, CVS, and Marshalls. Northridge Mall is located just over one mile away and offers a variety of shops, restaurants, and a movie theater, further enhancing the property’s convenience and tenant appeal. The asset is also located approximately 0.7 miles from Santa Rita Elementary School and provides easy access to Highway 101, allowing for efficient regional connectivity. Salinas, known as the “Salad Bowl of the World,” serves as the economic and agricultural hub of Monterey County. The city benefits from a strong local employment base driven by agriculture, food production, healthcare, education, and government services. Compared to Silicon Valley, Salinas offers significantly more attainable rental rates, making it an attractive alternative for residents seeking value while maintaining access to major coastal and employment centers. The property’s central location places it approximately 23 miles from Monterey, 35 miles from Santa Cruz, and 55 miles from San Jose, providing residents with convenient access to coastal amenities, tourism, and larger job markets. With its townhouse-style configuration, proximity to major retail centers, and strong regional connectivity, 109 San Juan Grade Road presents a compelling investment opportunity in one of Monterey County’s most established residential submarkets.