For sale

$5,495,000

Est. $36,445/mo —

•

4,898

sq ft

431 Espinosa Rd, Salinas, CA 93907

About this home

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.

Multi-familyProperty Type

1957Year Built

24.81 acresLot Size

$1,122Price/Sq.Ft.

2 car garageParking

Listed by Mike Handley •DRE #01280498 • Town'N Country Realty

Listing updated: Sep 29, 2026 at 03:21pm

Redfin checked: 2 minutes ago

•Source:MLSListings #ML82062979

Payment calculator

$36,445 per month

Principal and interest$29,988

Property taxes

$5,495

HOA dues

Home insurance

$962

Utilities

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Next available date: Saturday, November 14

Open houses

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Around this home

Schools

K - 12
Preschool & daycare

McKinnon School

Public K-5 • Assigned • 1.7mi

6/10

John Gutierrez Middle

Public 6-8 • Assigned • 1.6mi

4/10

Everett Alvarez High School

Public 9-12 • Assigned • 3.1mi

4/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

431 Espinosa Rd · $5,495,000

Strong offer

$5.49M and above

75% chance or better to win

Why $5.49M+ is a strong offer

DAYS ON MARKET

The average home goes pending in 18 days.

SALE-TO-LIST

Most homes are selling 5% above list price.

About offer insights

Property details

Interior
Exterior
Finance

Kitchen

Bathroom

Bedroom

Living

Bedrooms
9 bedrooms across four units

Bathrooms
4 full bathrooms and 1 half bathroom across four units

Heating & cooling
Central forced-air gas heating, propane heating, and wall furnaces
Ceiling fans

Sale and tax history for 431 Espinosa Rd

Sale History
Tax History

Date

Event

Price

MLSListings #ML82062979

Sep 29, 2026

Listed

$5,495,000

$1,122/sq ft

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.

Public record

Public record
Zoning

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Finished Sq. Ft.

—

Unfinished Sq. Ft.

—

Total Sq. Ft.

—

Year built

—

Style

Multi-Family (2-4 Unit)

County

Monterey County

APN

113-081-007-000

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 29, 2026.

F/40

Farmlands District

The purpose of this Chapter is to provide a district to preserve and enhance the use of the prime, productive and unique farmlands in the County of Monterey while also providing opportunity to establish necessary support facilities for those agricultural uses.

Permitted uses

Include but are not limited to:

Agriculture
Greenhouse / nursery
Livestock production
Winery & vineyard
Housing-Single unit
Housing-Senior
Housing-Student
Housing-Other
Agriculture-Cropland

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

4 days above 81° expected this year, 8 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

11 unhealthy days expected this year, 11 days in 30 years

Provided by First Street

Historical weather

Salinas, CA • 93907

Average low and high temperatures (°F)

64°

43°

64°

45°

68°

47°

65°

48°

65°

51°

66°

54°

67°

56°

69°

56°

72°

59°

69°

53°

65°

47°

64°

46°

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

98/ 100

Exceptional sunlight

Sunscore

This home ranks in the top 2% for direct sun exposure in Salinas. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

10 hrs

6.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 431 Espinosa Rd

$5,115,696

$379K under list price of $5.50M

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $670K to $1.1M.

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24 years newer
SOLD APR 2, 2026
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18732 Coolidge St, Salinas, CA 93906
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smaller lot
16 years newer
SOLD OCT 16, 2026
$875,000 Last sold price
5 beds3 baths2,177 sq ft
1992 Princeton Ct, Salinas, CA 93906
$720/sq ft
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Details provided by MLSListings and may not match the public record. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Payment calculator

Affordability tools

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 431 Espinosa Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 431 Espinosa Rd

Early Access listings

Nearby similar homes

New listings for sale in 93907

More real estate resources