0 Boronda Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 8, 2026 | Sold | ||
| Sold | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| Feb 3, 2026 | Listed by Compass | $415,000 | |
| Listed by Compass | |||
| Oct 22, 2025 | Listed | $425,000 | |
| Listed | |||
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Discover the perfect opportunity to own a versatile piece of land at 0 Boronda Road, Salinas, CA. This property offers great potential for future development or personal use, catering to a variety of endeavors. The land is securely enclosed with a fence, surrounded on 3 sides by neighboring properties. There is a private gated entrance (separate APN# 261-061-026 and being sold with the property) on Addington Lane ensuring privacy and a sense of seclusion while still being conveniently accessible. This parcel is zoned MDR/4AUR (Medium Density 1-5 Units) and there is a proposed site plan on file for subdividing into 4 separate lots with shared driveway for a small and private community. Combined with parcel on Addington Lane, the total lot size is 1/2 acre. Whether you're considering a personal project or a larger-scale development, this property presents a unique opportunity to invest in a growing area outside of City limits!
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| Sep 29, 2023 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017