540 Gabilan Dr, Soledad, CA 93960
OFF MARKET

540 Gabilan Dr
Soledad, CA 93960

    (on 4.61 acres)

    Local Information

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    Description

    96 Units Fully Entitled and Permitted, Shovel Ready. The Gabilan Apartment Homes will provide high quality rental residences to the Soledad rental market. Demand for quality housing in the Salinas Valley continues to outpace the supply of new housing built. Quality rental housing is in great demand. Soledad residences are mainly employed by the agriculture industry and the California State Correctional Facility in Soledad that employs over 1,000 employees with many high paying salaries. The Gabilan Apartments are centrally located in the City of Soledad in an upscale single family neighborhood. The site is located on the south side of Gabilan Drive between Orchard Lane and Granada Street. The project is fully entitled and permitted with a total project cost estimated at $27,250,000 or $283,000/unit. The stabilized NOI is approximately $1.8M providing a yield on cost of approximately 6.6%. Upon stabilization, we expect the property to be worth over $38.0M.
    This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.

    Home Highlights

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    Home Details for 540 Gabilan Dr

    Property Information

    Property Type / Style
    Property Type: Lot Land

    Lot Information

    Lot Area: 4.61 acres

    Price History for 540 Gabilan Dr

    DatePriceEventSource
    03/05/2021ListingRemovedMLSListings Inc
    01/04/2021$5,000,000Listed For SaleAgent Provided
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    Comparable Sales for 540 Gabilan Dr

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    40895 Cherry Ave, Greenfield, CA
    7.97
    Lot/Land
    $1,325,000
    04/10/26
    -
    -

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    Assigned Schools

    These are the assigned schools for 540 Gabilan Dr.
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    What Locals Say about Soledad

    At least 64 Trulia users voted on each feature.

    • 90 % Say there are sidewalks

    • 86 % Say it's dog friendly

    • 85 % Say yards are well-kept

    • 80 % Say there's holiday spirit

    • 78 % Say parking is easy

    • 72 % Say car is needed

    • 70 % Say streets are well-lit

    • 69 % Say kids play outside

    • 66 % Say they plan to stay for at least 5 years

    • 61 % Say it's quiet

    • 60 % Say people would walk alone at night

    • 53 % Say it's walkable to restaurants

    • 52 % Say neighbors are friendly

    • 49 % Say it's walkable to grocery stores

    • 33 % Say there are community events

    • 24 % Say there's wildlife

    Sourced by Trulia users. Learn more about our methodology.
    • Mich Aldair
      "I’m not a dog owner so I don’t need to reply this question my only comment is the city needs to create jobs and better schools "
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    • Mich Aldair
      "Schools are safe, is a lot of parks and people walking around, city is safe , the Only thing people stole packages from front doors!"
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    • Mich Aldair
      "Is a nice place to race a family, unfortunately need shopping center and mall to be perfect. Soledad is a great town "
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    • Connie H.
      "Like the fact that it’s a dog friendly community and a safe place to walk your dogs You don’t see dogs without a leash"
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    • Scaap.soledad
      "Commute to the major retailers is 30 minutes away. We have very little except dollar stores here which is frustrating."
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    • Francisco
      "My commute to salinas is shorter than what it seems. It takes me less than 5 minutes to get on the freeway. I enjoy my commute. "
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    • Sserrnao
      "People are very friendly and it’s very quiet nice and relaxing. Not a lot of traffic and people stop to say hello or to see how your day is "
      1
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    • Liz
      "I did work at soledad prison, very nice to live close to work....."
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    Homes for sale near 540 Gabilan Dr

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    Off Market Homes Near 540 Gabilan Dr

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    Homes for rent near 540 Gabilan Dr

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    540 Gabilan Dr, Soledad, CA 93960 is a lot/land. This property is not currently available for sale.