$2,400,000 1127 E Laurel Dr Salinas, CA

ML: ML81741971   Type: Multi-Family   County: Monterey   City: Salinas   Area: Es-68   Zip: 93905  

Mortgage $11,268 /mo



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DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 14 unit apartment building features twelve two-bedroom/one-bath units and (one) one-bedroom/one bath unit, plus a one studio apartment. Built in 1965 , the property offers building square footage of 9,720 square feet with lot size of 17,625 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools. Building features newer double pane windows, updated roof, fourteen covered parking and seven additional uncovered parking stalls spaces, this building is well maintained and has the upside potential you're looking for. Notice to tenants has been given for a 8% rent increase starting 1/1/2021. An additional 12 Units available in addition to these units for a total of 26 units.

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Price History

2/19/2020 Listed $2,400,000

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Property vs Zip Code Avg (93905)

Price 2.40M Avg 2.40M

Sqr Feet 9,720 Avg 9,720

Cost / Sqr Ft $247 Avg $247

Acres 0.4 Avg 0.4

Visits 42 Avg 22

Days on Site 138 Avg 411

Walkscore® 74 Avg 74

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Jesse Hernandez with Century 21 Showcase Realtors.

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Location & Address

Nationwide Fine Homes

Hayward, CA