Date
Details
Price
Change
Source
9/29/2026
Listed
$5,495,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/96
$5,495,000
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Property Description
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 review, applicable approvals and existing lease terms. Buyer to verify property details, allowable uses and income projections.
Full Property Details
Full Property Details for 431 Espinosa Rd
General
- Price: $5,495,000
- Status: Active
- Type: Multi-Family
- Source: RE_Infolink
- MLS ID: ML82062979
- Updated: 9/29/2026
- Added to Site: 10 day(s) ago
Additional Information
- Extras: Not Applicable
- Security/Safety: None
Parking
- Garage Spaces: 2
- Parking Features: Attached Garage
Location
- Area: Prunedale, Elkhorn, Moss Landing
- County: Monterey
- Cross Streets: Christensen
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Central Air (Gas/Forced Air), Propane, Wall Furnace
Utilities
- Sewer: Existing Septic System, Sewer Connected
- Water: Public, Well
- Utility Description: Propane on Site, Public Utilities
- Metering: Separate Electric
Structural Information
- Foundation: Concrete Perimeter and Slab
- Roof: Composition
- Disability Access: None
- Square Feet: 4,898
- Year Built: 1957
Unit Information
Unit 1
- Square Feet: 2757
- Bedrooms: 4
Unit 2
- Square Feet: 696
- Bedrooms: 1
Unit 3
- Square Feet: 722
- Bedrooms: 2
Unit 4
- Square Feet: 722
- Bedrooms: 2
Lot Features
- Minimum Lot Size: 1080724
- Lot Size (Sq. Ft.): 1,080,724
- Building Sites: 3
- Zoning: HC and F/40
Listed by Town'N Country Realty, Mike Handley
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Listing agent
— 431 Espinosa Rd —
Mike Handley
Town'N Country Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 431 Espinosa Rd
| Name | Grades | Distance |
|---|---|---|
McKinnon School 2100 McKinnon Street, Salinas, CA 93906 | K-5 | 1.7 mi |
John Gutierrez Middle 1031 Rogge Rd, Salinas, CA 93906 | 6-8 | 1.6 mi |
Everett Alvarez High School 1900 Independence Boulevard, Salinas, CA 93906 | 9-12 | 3.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 431 Espinosa Rd
Tax History
Tax History for 431 Espinosa Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,610
—
$311,297
2%
2025
$6,610
27%
$305,194
2%
2024
$5,215
4%
$299,211
2%
2023
$5,022
5%
$293,345
2%
2022
$4,776
2%
$287,594
2%
2021
$4,661
4%
$281,956
1%
2020
$4,493
3%
$279,066
2%
2019
$4,364
2%
$273,595
2%
2018
$4,292
—
$268,231
2%
2017
$4,300
3%
$262,972
2%
2016
$4,174
1%
$257,816
2%
2015
$4,129
4%
$253,945
2%
2014
$3,982
1%
$248,972
—
2013
$3,962
—
$247,848
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 431 Espinosa Rd
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Listed by Room Real Estate, The Madani Team
431 Espinosa Rd, Salinas, CA 93907 (MLS# ML82062979) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 431 Espinosa Rd is currently listed for $5,495,000 and was received on September 29, 2026. Want to learn more about 431 Espinosa Rd? Do you have questions about finding other Multi-Family real estate for sale in Salinas? You can browse all Salinas real estate or contact a Coldwell Banker agent to request more information.