UA-138051460-1
Address
1127 E Laurel DR Salinas, CA
Price
$ 2,400,000
Property Attributes
  • MLS#ML81741971
  • TypeMulti-Family
  • CountyMONTEREY
  • CitySalinas
  • AreaES-68
  • Zip93905
  • Style
  • Price$ 2,400,000
  • Bedrooms4
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage9720
  • Lot Size0.4 Acres
Listing Provided Courtesy Of:
Jesse Hernandez with Century 21 Showcase Realtors.
Data Source:
MLS Listings
Property Description

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. 8% rent increase starting 1/1/2021. An additional 12 Units available in addition to these units for a total of 26 units.

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

General Features

# of Buildings 2
Accessibility Other
Age 54
City SALINAS
City Limits (y/n) Yes
Cooling None
County Monterey
Heating Gas
Incorporated Y/n Yes
Listing Agent State License 01736274
MLS Area ES-68
Parking Features Carport
Property SubType Five or More Units
Property Type Commercial Multi-Residential (5+ units)
Restrictions None
Roof Composition
Security Features Fire Alarm
Special Listing Conditions Not Applicable
Status Active
Utilities Natural Gas
Water Public
Year Built 1965
Zoning Text cr

Interior Features

Living Sqft 9720
Unit 1 Rent 933
Unit 2 Number Of Bedrooms 1

Exterior Features

Building Area Total 9720
Foundation Details Concrete Perimeter and Slab
Lot Acres 0.4046
Lot Size Area 17625.00
Lot Size Units Square Feet
Maximum Lot Size 17625.00
Meters Separate Electric, Separate Gas, Separate Water
Parking Spaces 5
Sewer/Septic Sewer - Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 93905

Price
AVG $2.14M
$2.4M
Visits
AVG 38
112
Year Built
AVG 1957
1965
Walkscore
AVG 71
74
Data Provided by Walkscore ® not using MLS data

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