Address
1127 E Laurel DR Salinas, CA
Price
$ 2,400,000
Property Attributes
- MLS#ML81741971
- TypeContingent
- CountyMONTEREY
- CitySalinas
- AreaES-68
- Zip93905
- Style
- Price$ 2,400,000
- Bedrooms4
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage9720
- Lot Size0.4 Acres
Listing Provided Courtesy Of:
Jesse Hernandez with Century 21 Showcase Realtors.
Data Source:
MLSListings - 40 - CA
Property Description
DO NOT DISTURB TENANTS. Multi Family investment opportunity for your RE portfolio, this 14 unit apartment building features twelve two-bedroom/one-bath units and (one) one-bedroom/one bath unit, plus a one studio apartment. Built in 1965 , the property offers building square footage of 9,720 square feet with lot size of 17,625 square feet. All units are Month to Month tenancy and are at below market rents. Located in a high rental demand area and near shopping and schools. Building features newer double pane windows, updated roof, fourteen covered parking and seven additional uncovered parking stalls spaces, this building is well maintained and has the upside potential you're looking for. 8% rent increase starting 1/1/2021. An additional 12 Units available in addition to these units for a total of 26 units.
| Price History | |
|---|---|
| 2/19/2020 | Listed $2,400,000 |
General Features
| # of Buildings | 2 |
|---|---|
| Accessibility | Other |
| Age | 54 |
| City | SALINAS |
| City Limits (y/n) | Yes |
| Cooling | None |
| County | Monterey |
| Heating | Gas |
| Incorporated Y/n | Yes |
| Listing Agent State License | 01736274 |
| MLS Area | ES-68 |
| Property SubType | Five or More Units |
| Property Type | Commercial Multi-Residential (5+ units) |
| Restrictions | None |
| Roof | Composition |
| Security Features | Fire Alarm |
| Special Listing Conditions | Not Applicable |
| Status | Contingent |
| Utilities | Natural Gas |
| Water | Public |
| Year Built | 1965 |
| Zoning Text | cr |
Interior Features
| Living Sqft | 9720 |
|---|---|
| Unit 1 Rent | 933 |
| Unit 2 Number Of Bedrooms | 1 |
Exterior Features
| Building Area Total | 9720 |
|---|---|
| Foundation Details | Concrete Perimeter and Slab |
| Lot Acres | 0.4046 |
| Lot Size Area | 17625.00 |
| Lot Size Units | Square Feet |
| Maximum Lot Size | 17625.00 |
| Meters | Separate Electric, Separate Gas, Separate Water |
| Parking Features | Carport |
| Parking Spaces | 5 |
| Sewer/Septic | Sewer - Public |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 93905
Price
Visits
Year Built
Walkscore
Last updated: August 5, 2021 5:00 AM UTC Property Information © 2021 
This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable. Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS©, but is not warranted.
