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For sale
  • $3,990,000

    E Laurel Dr, Salinas, CA 93905

    --beds
    --baths
    11,200sqft
    : 
    Five Or More Units
    Built in 1978
    -- sqft lot
    $3,604,300 Zestimate®
    $356/sqft
    $-- HOA

    What's special

    Security lightsCatwalk repairs
    This 14-unit apartment complex delivers many investor positives which will increase your investment return. The unit mix features all two-bedroom / one-bathroom units with a $2,100 monthly average rent. Market rents are $2200 plus. Capital improvements include: new asphalt comp roof 2018, exterior painting 2018, catwalk repairs, new stainless steel stairs and handrails, security lights, complete main electric panel replacement, and individual unit water shutoff valves. Interior capital improvements include 12 remodeled units with new kitchens, appliances, flooring, and bathrooms. These capex items will reduce potential insurance premium increases, improvement requirements, and future capital investment. Exterior maintenance is minimal. The complex also has 18 off-street parking spaces.
    163 days
    on Zillow
    |
    122
    |
    1
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 09, 2025 at 11:08pm

    Listed by:

    Hap Albers 01006595 831-372-1922,

    Albers Real Estate Investment Company

    Source: MLSListings Inc,MLS#: ML81996974MLS Logo

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of E Laurel Dr.

    Next available tour time:Today at 11:30am

    Facts & features

    Interior

    Kitchen
    • Features: Countertop_Formica, Countertop_Synthetic, ExhaustFan
    Heating
    • Gas, Wall Furnace
    Cooling
    • None
    Appliances
    • Included: Exhaust Fan, Electric Oven/Range, Washer/Dryer
    • Laundry: Coin Operated
    Features
    • Flooring: Carpet, Laminate, Tile, Vinyl Linoleum
    • Doors: None
    Interior area
    • Total structure area: 11,200
    • Total interior livable area: 11,200 sqft

    Property

    Parking
    • Total spaces: 18
    • Parking features: Off Street
    • Has carport: Yes
    Accessibility
    • Accessibility features: None
    Lot
    • Size: 0.33 Acres
    • Features: Level
    Details
    • Parcel number: 004221062000
    • Zoning: R H 2 1
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Five Or More Units
    Materials
    • Foundation: Slab
    • Roof: Composition
    Condition
    • Year built: 1978

    Utilities & green energy

    • Gas: IndividualGasMeters

    Community & HOA

    Location
    • Region: Salinas

    Financial & listing details

    • Price per square foot: $356/sqft
    • Date on market: 3/7/2025
    • Listing agreement: ExclusiveRightToSell
    • Listing terms: CashorConventionalLoan
    • Inclusions: OvenRangeAllUnits
    • Lease term: Month To Month
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