Home | Monterey County | Salinas | 93905 | 75 N Hebbron Ave
75 N Hebbron Ave, Salinas, CA 93905
MLS: ML82012531 | Status: | Price: $4,150,000
Beds/Baths: – / –
Property Type: Residential Income
Quick Facts
| Beds |
Baths |
Sq Ft |
Acres Lot |
Yr Built |
| – |
– |
14,328 |
0.46 |
1979 |
This multifamily offering presents investors with a rare opportunity to acquire a well-located asset in the Salinas market characterized by exceptionally tight housing supply and robust long-term fundamentals. With current rents approximately 24.5% below market, the property offers significant upside potential through rent repositioning, management efficiency, or light value-add improvements. The property has received lots of upgrades in the past 4 years: 3 units have undergone major renovations, with 10 other units receiving varying levels of upgrades such as new kitchens, new tub and surround replacements (including plumbing), new kitchens with shaker cabinets, quartz countertops, etc. All electrical subpanels (18) and main electrical panels (3) have been replaced. The majority of roofing was replaced, plus new facia, gutters and downspouts. Siding replacement was done on the end unit kick-outs. The exterior received a full paint job. Most water heaters have been replaced in the last four years. Loan assumable at 3.58% interest rate with 3 years remaining. Current cap rate of 5.47% with pro forma cap rate of 8.73%!
| Field |
Value |
| MLS # |
ML82012531 |
| MLS Source |
MLSListings, Inc. |
Features
Interior Features
| Feature |
Details |
| Cooling |
None |
| Heating |
Wall Furnace |
Exterior Features
| Feature |
Details |
| Roof |
Flat |
| Foundation |
Wood Frame |
| Feature |
Details |
| Garage/Parking |
Assigned Spaces, Off-Street Parking, Garage: 0 Car(s) |
| Elementary District |
Salinas City Elementary |
| High School District |
Salinas Union High |
| Sewer |
Public Sewer |
| Water |
Public |
| Zoning |
Multifamily |
| Listing Agent |
Co-Listing Agent |
| Alex Budka |
Joe Budka |
| Redwood Property Company |
|
| License #: 01913403 |
License #: 01913402 |
| Phone: (831) 275-5370 |
Phone: (831) 224-6903 |
Property Units
| # Buildings |
# Leased Units |
# Total Units |
| 3 |
18 |
18 |
Unit Details
| Type |
Sq Ft |
Beds |
Baths |
Min Rent |
Max Rent |
Units Like This |
| 1 |
850 |
2 |
1/1 |
$1,853 |
$2,300 |
17 |
| 2 |
400 |
0 |
1/0 |
$1,495 |
$1,495 |
1 |
School Ratings
School data provided by GreatSchools.org
Nearby Schools
| School |
Type |
Grades |
Distance |
Rating |
| Sherwood Elementary School |
public |
K-6 |
0.33 mi |
4 |
| El Sausal Middle School |
public |
7-8 |
0.50 mi |
5 |
| Los Padres Elementary School |
public |
K-6 |
0.63 mi |
7 |
| Fremont Elementary School |
public |
K-6 |
0.73 mi |
3 |
| Jesse G. Sanchez Elementary School |
public |
K-6 |
0.96 mi |
6 |
| Salinas Adult School |
public |
UG |
1.00 mi |
N/A |
| El Puente School |
public |
7-12 |
1.00 mi |
3 |
| Dr. Martin Luther King, Jr. Academy |
public |
K-6 |
1.06 mi |
2 |
| Mount Toro High School |
public |
9-12 |
1.07 mi |
1 |
| Carr Lake Community Day School |
public |
7-12 |
1.07 mi |
N/A |
| Lincoln Elementary School |
public |
K-6 |
1.24 mi |
8 |
| Mission Trails Rop School |
public |
9-12 |
1.32 mi |
N/A |
| Salinas High School |
public |
9-12 |
1.54 mi |
7 |
| Alisal Community School |
public |
K-6 |
1.57 mi |
5 |
| Roosevelt Elementary School |
public |
K-6 |
1.60 mi |
4 |
| Virginia Rocca Barton Elementary School |
public |
K-6 |
1.61 mi |
3 |
| Monterey County Special Education School |
public |
K-12 |
1.62 mi |
N/A |
| Alisal High School |
public |
9-12 |
1.69 mi |
5 |
| Wellington M. Smith, Jr School |
public |
4,5,6,7,8,9,10,11,12 |
1.69 mi |
N/A |
| Monterey Park Elementary School |
public |
K-6 |
1.72 mi |
3 |
Disclosures
©2026 MLSListings Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from MLSListings Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Alex Budka, (831) 275-5370.