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Berkshire Hathaway HomeServices California Properties
Address Undisclosed
$4,199,000 0 beds, 0 baths
0 sqft
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Commercial Division Commercial Associate 877-778-8811 o
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Listing Details

Property type: (Commercial)
Property Sub-Type:
Status: Active Under Contract
Listing ID: ML82047880
List price is $4,199,000
HOA Fee is $0.00
Built in 1983
0.46 acres
County: Monterey
Zoning: Residenital High Density
Heating/cooling: None
Heating description: Wall Furnace

Last Updated: 7/24/2026

 Find more Salinas properties

 Find more properties in 93906 zip code


Listing Agent: Hap Albers
Office Name: Commercial Division

Lot Details

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Property Details

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.

Financials

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Area Map

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Nearby Schools

No schools were found in the area

Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 877.778.8811
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