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$ 3,995,000
Est. payment | /mo
0.66 Acres Lot
$ 3,995,000
Est. payment | /mo
0.66 Acres Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82058355
HOA Y/N No
Year Built 1974
Annual Tax Amount $43,945
Lot Size 0.661 Acres
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 699 - Not Defined
Zoning R-H
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 23
Roof Type Composition
Total Parking Spaces 13
Building
Lot Description Level
Water Public
Schools
School District Other
Others
Tax ID 004222062000
Security Features Security Lights
Special Listing Condition Standard
Listed by Chris Barre Sotheby's International Realty #01305789
NEARBY SCHOOLS & PROPERTIES
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STEVE & KRISTA: The WIDNER Team
Agent | License ID: 00680027
29811 Santa Margarita Parkway, Suite 100, Margarita, CA 92688