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Wilson Leung

wilson@theownteam.com +1(650) 280-8888

Listed by Chris Barre • Sotheby's International Realty, DRE#01305789

$ 3,995,000

Est. payment | -/mo

2 Beds

1 Bath

17,306 SqFt

Save

$ 3,995,000

Est. payment | -/mo

Save

2 Beds

1 Bath

17,306 SqFt

Key Details

Property Type Commercial Multi-Residential (5 units)

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 17,306 sqft

Price per Sqft $230

MLS Listing ID ML82058355

Bedrooms 2

Full Baths 1

Year Built 1974

Lot Size 0.661 Acres

Property Sub-Type Five or More Units

Property Description

Rare opportunity to acquire a generationally held 22-unit apartment complex in Salinas, owned by the same family since its original construction. The property features a consistent unit mix of two-bedroom, one-bathroom residences that have been well maintained over the years. Comfortable and functional in their present condition, the interiors also offer opportunities for selective modernization as units become available, allowing new ownership to build upon a solid foundation and enhance long-term value. Parking includes 23 covered carport spaces and 13 additional open spaces. An on-site laundry facility offers added convenience for residents. With its substantial scale, desirable unit mix, the property presents a noteworthy long-term investment opportunity.

Location

State CA

County Monterey

Area Es-68

Zoning R-H

Rooms

Kitchen Cooktop - Electric, Countertop - Formica, Hood Over Range

Interior

Heating Wall Furnace

Cooling None

Flooring Carpet, Vinyl / Linoleum

Laundry Coin Operated

Exterior

Exterior Feature Low Maintenance

Parking Features Assigned Spaces, Covered Parking, No Garage, Unassigned Spaces, Uncovered Parking

Community Features None

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Composition

Building

Lot Description Grade - Level

Foundation Concrete Slab

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 004-222-062-000

Security Features Security Lights

Special Listing Condition Not Applicable

+1(650) 280-8888

wilson@theownteam.com

1651 El Camino Real, Millbrae, CA 94030, United States

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608 N Sanborn RD Salinas, CA 93905