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Listed by Baird Partnership, Inc.
$ 1,398,000
Est. payment | /mo
5,385 SqFt
$ 1,398,000
Est. payment | /mo
5,385 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 5,385 sqft
Price per Sqft $259
MLS Listing ID ML82062199
HOA Y/N No
Year Built 1953
Lot Size 0.325 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Other
Cooling Other
Fireplace No
Exterior
Handicap Access Other