1155 E Laurel DR, Salinas, CA 93905 – ML81996974 - Sean Beattie

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Sean Beattie

sean@brivio.com +1(415) 716-7190

Listed by Hap Albers • Albers Real Estate Investment Company

$3,990,000

Est. payment - /mo

2 Beds

1 Bath

11,200 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Contingent

Purchase Type For Sale

Square Footage 11,200 sqft

Price per Sqft $356

MLS Listing ID ML81996974

Bedrooms 2

Full Baths 1

Year Built 1978

Lot Size 0.334 Acres

Property Sub-Type Five or More Units

Property Description

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.

Location

State CA

County Monterey

Area Es-68

Zoning R H 2 1

Rooms

Other Rooms Laundry Room, Storage

Kitchen Countertop - Formica, Countertop - Synthetic, Exhaust Fan, Oven Range - Electric, Refrigerator

Interior

Heating Gas, Wall Furnace

Cooling None

Flooring Carpet, Laminate, Tile, Vinyl / Linoleum

Laundry Coin Operated, Washer / Dryer

Exterior

Exterior Feature Low Maintenance

Parking Features Off-Street Parking, Uncovered Parking

Utilities Available Individual Electric Meters, Individual Gas Meters

Roof Type Composition

Building

Lot Description Grade - Level

Foundation Concrete Slab

Sewer Sewer Connected

Water Private / Mutual

Others

Restrictions None

Tax ID 004-221-062-000

Security Features None

Special Listing Condition Not Applicable

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Sean Beattie

+1(415) 716-7190

Broker Associate | CA DRE# 01304100

Broker Associate CA DRE# 01304100

1155 E Laurel DR Salinas, CA 93905

Sean Beattie

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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