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Listed by Chris Barre • Sotheby's International Realty
$ 3,995,000
Est. payment /mo
New
608 N Sanborn Road Salinas, CA 93905
17,306 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 17,306 sqft
Price per Sqft $230
MLS Listing ID ML82058355
HOA Y/N No
Year Built 1974
Lot Size 0.661 Acres
Property Sub-Type Other
Source Datashare MLSListings
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
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Coin Operated
Building
Lot Description Level
Water Public
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