
Land for Sale in Salinas, California
1202 Castroville Rd, Salinas, CA 93907
Martella Home Farm is a 20% Partnership Investment Opportunity. The farm has 66.28 Total Cultivated acres, and the family home, which is rented. Located in 4 separate parcel numbers, it is being offered at 20% ownership. The farm has been long-term leased by a local farmer; the current lease is till 2029. This is not a farming opportunity; this is currently a passive investment opportunity. The other 80% is owned by family members. Discover a remarkable investment opportunity at Martella Home Farm, offering a 20% Partnership Investment in a thriving agricultural setting. The unique opportunity allows you to acquire a 20% ownership stake in this tranquil haven, currently leased long-term to a reputable local farmer, ensuring consistent income through 2029. This investment is specifically designed as a passive income opportunity, not a farming venture, making it an ideal choice for those looking to diversify their portfolio. The current five owners are motivated to sell due to an over-dilution of ownership stemming from family circumstances, presenting a rare chance for you to take part in this unique family legacy. With income distributions occurring biannually, you can enjoy a steady return on your investment.
Location
- Street address
- 1202 Castroville Rd
- County
- Monterey County
- Zip code
- 93907
- Community
- Prunedale
- Elevation
- 36 feet
Property details
- Acreage
- 66.28 acres
- Zoning
- agriculture
- MLS #
- MLSL ML82006514
- Posted
Details and features
Listing
- Type
- Commercial Sale
- Franchise
- Independent
Lot
- Features
- Agricultural Use, Grade-Mostly Level
Structure
- Water
- Well
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 24, 2026 | New listing | $1,299,000 | — | MLSL |
| Apr 22, 2026 | Listing removed | $1,312,344 | — | Listing agent |
| May 12, 2025 | New listing | $1,312,344 | — | MLSL |
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