948 Lupin Drive Salinas, CA $ 3,900,000
948 Lupin Drive
$ 3,900,000
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948 Lupin Drive

Salinas, CA, 93906
$ 3,900,000
Bedrooms-- Baths-- Sq 15,985

Monthly Estimate*

$ 24,013

Listed by Marcus & Millichap
948 Lupin Drive, Salinas, CA 93906 - Image 1
948 Lupin Drive, Salinas, CA 93906 - Image 2
948 Lupin Drive, Salinas, CA 93906 - Image 3
948 Lupin Drive, Salinas, CA 93906 - Image 4
948 Lupin Drive, Salinas, CA 93906 - Image 5
948 Lupin Drive, Salinas, CA 93906 - Image 6
948 Lupin Drive, Salinas, CA 93906 - Image 7
948 Lupin Drive, Salinas, CA 93906 - Image 8
948 Lupin Drive, Salinas, CA 93906 - Image 9

Commercial Property for sale in Salinas, CA

for $3,900,000. This 15,985 square foot building was built in 1958 on a lot size of 0.2201.

Situated on a combined 0.616 acres of land, the subject property features a gross rentable area of approximately 15,985 square feet, offering tenants spacious twobedroom floor plans. Tenants also enjoy convenient amenities such as on-site laundry and private covered parking. 948 Lupin Dr in Salinas, CA sits in a well-positioned North Salinas neighborhood with convenient access to everyday lifestyle amenities and major transportation corridors, making it an attractive multifamily asset. Residents enjoy close-by shopping centers such as Sherwood Gardens and East Laurel Square, local dining options, and essential services within a short drive, while parks and regional recreation like Fort Ord National Monument and Marina State Beach are easily accessible for outdoor activities. Additionally, the growing active transportation network of bikeways and sidewalks enhances walkability and access to community destinations, supporting a balanced urban lifestyle for tenants. The investment appeal of this asset is driven by Salinas' strong employment fundamentals and low vacancy levels.

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Commercial Active

Price

$ 3,900,000

Property Type

Commercial

Taxes

$ 49,204

Style

Lot Size

0.2201

Year Built

1958

Town/City

Salinas

County/Region

Monterey

MLS | Web ID

ML82044078

Days on Market

4

Features
General
Heating Central
Cooling Central Air
Roof Composition
Zoning 1
HOA Fee 0
Year Built 1958
County Monterey
Insurance Expense 19981
Property Type Commercial Sale
MaintenanceExpense 9000
Special Listing Conditions Standard
Status Active
City Salinas
High School District Other
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 9588
Carport Spaces 18
Carport Y/N true
Tax Annual Amount 49204
Trash Expense 10628
Standard Status Active
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Public
Total Parking -4
Lot Size Area 9588
Number of Buildings 3
Building Area Total 15985
Lot Size Acres 0.2201
Lot Size Source Assessor
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* Excluded Features
List By
Marcus & Millichap

Broker

alevin@marcusmillichap.com

Email

Affordability Calculator

$28,113
Per Month
85%
15%
0%
Monthly Principal & Interest
$24,013
Monthly Property Taxes
$4,100
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/22/2026$3,900,000 Listed Price

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948 Lupin Drive, Salinas, CA, 93906 is a Commercial Property for sale at $3,900,000 with 15,985 sqft and a lot size of 0.2201. 948 Lupin Drive was built in 1958. The property's zip code is 93906 which is in Salinas, CA