Additional details

JLee Broker

[email protected] +1(650) 857-1000

Listed by James Kendall, DRE #02010395 • Baird Partnership, Inc.

$1,398,000

Est. payment - /mo

15 Beds

5 Baths

5,385 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,385 sqft

Price per Sqft $259

MLS Listing ID ML82062199

Bedrooms 15

Full Baths 5

Year Built 1953

Lot Size 0.325 Acres

Property Sub-Type Five or More Units

Source MLSListings, Inc.

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 2-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 Es-68

Zoning Zoning R-H-2.1

Interior

Heating Other

Cooling Other

Exterior

Parking Features Uncovered Parking

Garage Spaces 14.0

Utilities Available Other

Roof Type Other

Building

Foundation Other

Sewer Other

Water Other

Others

Tax ID 004-383-061-000

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker License ID: 00851314

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1015 N Sanborn RD Salinas, CA 93905

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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