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$ 1,398,000
Est. payment /mo
Contingent
1015 N Sanborn RD Salinas, CA 93905
15 Beds
5 Baths
5,385 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Contingent
Purchase Type For Sale
Square Footage 5,385 sqft
Price per Sqft $259
Lot Size 0.325 Acres
MLS Listing ID ML82062199
Bedrooms 15
Full Baths 5
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 3-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
1-purchase type For Sale
Exterior
Garage Uncovered Parking
Utilities Available Other
Roof Type Other
Building
Foundation Other
Sewer Other
Water Other
Others
Restrictions None
Tax ID 004-383-061-000
Security Features Other
Special Sale Not Applicable
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Listed by James Kendall of Baird Partnership, Inc.
Bought with James Kendall of Baird Partnership, Inc.
Bought with James Kendall of Baird Partnership, Inc.
