1155 E Laurel DR new Save Request In-Person Tour Request Virtual Tour
Salinas,CA 93905
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
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 metal 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