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.
Under contract
$3,995,000
North Sanborn, Salinas, CA 93905
2beds
1baths
17,306sqft
Five Or More Units, Residential Income
Built in 1974
-- sqft lot
$3,682,000 Zestimate®
$231/sqft
$-- HOA
What's special
Two-bedroom one-bathroom residencesOn-site laundry facility
- 31 days
- 190
- 5
Zillow last checked:
Listing updated:
Listed by:
Chris Barre 01305789 831-484-4298,
Sotheby’s International Realty 831-659-2267
Source: MLSListings Inc,MLS#: ML82058355
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Kitchen
- Features: Countertop_Formica
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Electric Cooktop, Range Hood
- Laundry: Coin Operated
Features
- Flooring: Carpet, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 17,306
- Total interior livable area: 17,306 sqft
Property
Parking
- Total spaces: 13
- Parking features: Assigned, Covered, No Garage
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.66 Acres
- Features: Level
Details
- Parcel number: 004222062000
- Zoning: R-H
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1974
Utilities & green energy
- Gas: IndividualGasMeters, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
HOA
- Amenities included: None
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $231/sqft
- Date on market: 8/20/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
$3,682,000
$3.46M - $3.87M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Contingent | $3,995,000$231/sqft |
Source:  MLSListings Inc #ML82058355 Report a problem | ||
| 8/20/2026 | Listed for sale | $3,995,000$231/sqft |
Source: MLSListings Inc #ML82058355 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Alisal
Nearby schools
Schools provided by the listing agent
- District: AlisalUnionElementary
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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