608 N Sanborn Road, Salinas, CA 93905
- $3,995,000
- List Price
- $3,995,000
- Closing Date
- Oct 09, 2026
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- ML82058355
- Year Built
- 1974
- Lot Size
- 28,800
- Acres
- 0.66
- Lot Location
- Level
- Days on Market
- 50
- Property Type
- Commercial
Property Description
Rare opportunity to acquire a generationally held 22-unit apartment complex in Salinas, owned by the same family since its original construction. The property features a consistent unit mix of two-bedroom, one-bathroom residences that have been well maintained over the years. Comfortable and functional in their present condition, the interiors also offer opportunities for selective modernization as units become available, allowing new ownership to build upon a solid foundation and enhance long-term value. Parking includes 23 covered carport spaces and 13 additional open spaces. An on-site laundry facility offers added convenience for residents. With its substantial scale, desirable unit mix, the property presents a noteworthy long-term investment opportunity.
Additional Information
- Taxes
- $43,945
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Gross Scheduled Income
- $349,736
Listing courtesy of Listing Agent: Chris Barre (chris.barre@sothebys.realty) from Listing Office: Sotheby's International Realty.
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