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Berkshire Hathaway HomeServices California Properties

Address Undisclosed

$4,199,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Hap Albers | hap@albersrealestate.com
Lic#: 01006595
Broker: Courtesy of Albers Real Estate Investment Company
Phone: 831-372-1922

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active Under Contract

Listing ID: ML82047880

Price: $4,199,000

Rental Rate: $4,199,000

Lot Size:

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

Days On Market (DOM): 35

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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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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.

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