13 E Lake Street, Salinas, California 93901, Salinas, 93901 - 0 bed, 0 bath
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Salinas, California 93901
Analysis of 13 E Lake Street, Salinas, California 93901 is currently available with a list price of $799,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Salinas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1936 with no evidence of recent major renovations, this property is over 80 years old. The interior shows significant wear with stained concrete floors, exposed electrical conduits, and a 'potential' kitchen area that lacks modern appliances and finishes. The structure requires a comprehensive rehab to address dated systems and aesthetic defects.
With over 15,000 square feet of space priced at approximately $53 per square foot, this property offers a rare high-volume investment opportunity at a very low entry price.
The mixed-use configuration, featuring a 25-room hotel capacity alongside a bar and dance floor, provides multiple streams of potential income within a single asset.
The layout includes large multi-use rooms and potential kitchen areas, offering significant versatility for adaptive reuse or a comprehensive hospitality redevelopment.
The sale is strictly contingent upon the simultaneous purchase and closing of the adjacent parcel (19, 21, and 23), which complicates financing and acquisition logistics.
Given the 1936 construction date and the nature of the commercial space, the property likely requires substantial capital expenditure to meet modern building codes and operational standards.
Commercial Opportunity South Salinas | 15,000+ Sq Ft, Affordable 25-room hotel/motel with bar and dance area located in South Salinas. Situated on a 13,300+ sq ft lot, this property offers over 15,000 sq ft of flexible commercial space featuring a downstairs bar and dance floor, two additional restrooms, potential kitchen area, two large multi-use rooms, and partial backyard. This price is for building 13, 13 1/2, 15, and 17 all for $695,000.00 The other building 19,21, and 23 are seprate Parcel/building and also selling for $695,000. Both building have to sell and close the same time when purchased.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1936 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Apr 19, 2026
$799,000
$825,000
-3% Price Drop
Initial Listing
Mar 10, 2026
$825,000
Initial Listing
Feb 17, 2026
$695,000
Initial Listing