Rarely available Salinas 16-unit apartment complex. 9.64 GRM & a 6.31% cap rate with new Proposition 13 taxes. Unit mix is all 2-bed / 1 bath. Lots of positives: 1983 construction, most of the wood siding replaced in the last 3 years, deck replacement & repairs last 4 years, SB721 clearance, exterior repainted, complex-owned laundry equipment, and Jeld-Wen vinyl windows. Interiors have remodeled the kitchens, installed new lighting, fans, and flooring, and installed new bathroom fixtures. Most units have a private deck, enclosed patio, some of which are quite spacious. There are two offices - one for management and one for ownership. The North Salinas location is close to shopping, amenities, Costco, Target, Safeway, banks, and many restaurants. Easy access to Highway 101 and may employment centers.
Under contract
$4,199,000
Salinas, CA 93906
2beds
1baths
12,457sqft
Five Or More Units, Residential Income
Built in 1983
-- sqft lot
$-- Zestimate®
$337/sqft
$-- HOA
What's special
New lightingExterior repaintedNew bathroom fixturesEnclosed patioJeld-wen vinyl windows
- 37 days |
- 178 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Hap Albers 01006595 408-893-6002,
Albers Real Estate Investment Company 831-372-1922
Source: MLSListings Inc,MLS#: ML82047880
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
Kitchen
- Features: Countertop_Formica
Heating
- Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Range Hood, Electric Oven/Range, Washer/Dryer
Features
- Flooring: Carpet, Laminate, Tile, Vinyl Linoleum
- Doors: None
Interior area
- Total structure area: 12,457
- Total interior livable area: 12,457 sqft
Property
Parking
- Total spaces: 8
- Parking features: Assigned, Attached, Off Street, On Street
- Garage spaces: 1
- Has carport: Yes
Accessibility
- Accessibility features: None
Lot
- Size: 0.46 Acres
- Features: Mostly Level
Details
- Parcel number: 253061027000
- Zoning: Residenital High Density
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Five Or More Units, Residential Income
Materials
- Foundation: Slab, Concrete Perimeter and Slab
- Roof: Composition
Condition
- Year built: 1983
Utilities & green energy
- Gas: IndividualGasMeters
Community & HOA
HOA
- Amenities included: None
Location
- Region: Salinas
Financial & listing details
- Price per square foot: $337/sqft
- Date on market: 5/19/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
- Inclusions: OvenRangeAllUnits
- Lease term: Month To Month
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Contingent | $4,199,000$337/sqft |
Source:  MLSListings Inc #ML82047880 Report a problem | ||
| 5/20/2026 | Listed for sale | $4,199,000$337/sqft |
Source: MLSListings Inc #ML82047880 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Santa Rita
Nearby schools
GreatSchools rating
- 6/10McKinnon SchoolGrades: K-5Distance: 0.9 mi
- 4/10John Gutierrez MiddleGrades: 6-8Distance: 1.5 mi
- 4/10Everett Alvarez High SchoolGrades: 9-12Distance: 2.4 mi
Schools provided by the listing agent
- District: SantaRitaUnionElementary
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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