Investment opportunity featuring five apartment units across two separate two-story buildings at 1015 N Sanborn Rd, Salinas, CA 93905. Do not disturb occupants. The property offers a strong bedroom mix four spacious 4-bedroom units plus one smaller 3-bedroom / 1-bathroom unit, giving the new owner in-place income with a clear path to improve operations and finishes over time. Each building is two stories, with abundant off-street parking on site. One building already has a new roof and sprinklers. There is a laundry room with hookups in place and ready to be connected, subject to buyer investigation and local requirements. The property sits along a primary East Salinas corridor with nearby schools, parks, and transit. The asset offers a clear value-add path through rent upside and interior modernization. Current rents and any future increases are subject to applicable City of Salinas rent regulations and should be independently verified by the buyer. A solid investment opportunity offering large-bedroom unit mix, existing rental income, and future value-add potential on North Sanborn Road.
Under contract
$1,398,000
North Sanborn, Salinas, CA 93905
15beds
5baths
5,385sqft
Five Or More Units, Residential Income
Built in 1953
-- sqft lot
$-- Zestimate®
$260/sqft
$-- HOA
What's special
New roofLarge-bedroom unit mixTwo separate two-story buildings
- 42 days
- 97
- 5
Zillow last checked:
Listing updated:
Listed by:
James Kendall 02010395 831-275-0129,
Baird Partnership, Inc. 831-646-1919
Source: MLSListings Inc,MLS#: ML82062199
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 5
Heating
- Other
Cooling
- Other
Features
- Doors: Other
Interior area
- Total structure area: 5,385
- Total interior livable area: 5,385 sqft
Property
Parking
- Total spaces: 14
- Parking features: Carport
- Has carport: Yes
Accessibility
- Accessibility features: Other
Lot
- Size: 0.33 Acres
Details
- Parcel number: 004383061000
- Zoning: Zoning R-H-2.1
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Other
- Roof: Other
Condition
- Year built: 1953
Utilities & green energy
- Gas: Other
- Sewer: Other
- Water: Other
- Utilities for property: Other
Community & HOA
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $260/sqft
- Date on market: 9/22/2026
- Listing agreement: ExclusiveRightToSell
- Inclusions: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/16/2026 | Contingent | $1,398,000$260/sqft |
Source: | ||
| 9/22/2026 | Listed for sale | $1,398,000$260/sqft |
Source: | ||
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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