- $4M Price
- .33 Acres
- 203 DOM
1155 Laurel Drive
This 14-unit apartment complex delivers many investor positives which will increase your investment return. The unit mix features all two-bedroom / one-bathroom units with a $2,100 monthly average rent. Market rents are $2200 plus. Capital improvements include: new asphalt comp roof 2018, exterior painting 2018, catwalk repairs, new stainless steel stairs and handrails, security lights, complete main electric panel replacement, and individual unit water shutoff valves. Interior capital improvements include 12 remodeled units with new kitchens, appliances, flooring, and bathrooms. These capex items will reduce potential insurance premium increases, improvement requirements, and future capital investment. Exterior maintenance is minimal. The complex also has 18 off-street parking spaces.
Essential Information
- MLS® #ML81996974
- Price$3,990,000
- Bathrooms0.00
- Acres0.33
- Year Built1978
- TypeCommercial Sale
- StatusActive Under Contract
Community Information
- Address1155 Laurel Drive
- Area699 - Not Defined
- CitySalinas
- CountyMonterey
- Zip Code93905
Amenities
- Parking Spaces18
Interior
- HeatingWall Furnace
- CoolingNone
Exterior
- Lot DescriptionLevel
- RoofComposition
School Information
- DistrictOther
Additional Information
- Date ListedMarch 7th, 2025
- Days on Market203
- ZoningR H 2 1
Listing Details
- AgentHap Albers
Office
Albers Real Estate Investment Company
Price Change History for 1155 Laurel Drive, Salinas, (MLS® #ML81996974)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Active Under Contract | – |
Hap Albers, Albers Real Estate Investment Company.
Based on information from California Regional Multiple Listing Service, Inc. as of October 8th, 2025 at 5:45pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.