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$ 1,398,000
Est. payment | /mo
0.33 Acres Lot
$ 1,398,000
Est. payment | /mo
0.33 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82062199
HOA Y/N No
Year Built 1953
Annual Tax Amount $16,077
Lot Size 0.325 Acres
Property Description
Investment opportunity featuring five apartment units across two separate two-story buildings at 1015 N Sanborn Rd, Salinas, CA 93905. Do not disturb occupants. The property offers a strong bedroom mix four spacious 4-bedroom units plus one smaller 3-bedroom / 1-bathroom unit, giving the new owner in-place income with a clear path to improve operations and finishes over time. Each building is two stories, with abundant off-street parking on site. One building already has a new roof and sprinklers. There is a laundry room with hookups in place and ready to be connected, subject to buyer investigation and local requirements. The property sits along a primary East Salinas corridor with nearby schools, parks, and transit. The asset offers a clear value-add path through rent upside and interior modernization. Current rents and any future increases are subject to applicable City of Salinas rent regulations and should be independently verified by the buyer. A solid investment opportunity offering large-bedroom unit mix, existing rental income, and future value-add potential on North Sanborn Road.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning Zoning R-H-2.1
Interior
Fireplace No
Exterior
Utilities Available Other
Roof Type Other
Total Parking Spaces 14
Building
Water Other
Schools
School District Other
Others
Tax ID 004383061000
Special Listing Condition Standard
Listed by James Kendall Baird Partnership, Inc. #02010395
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