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    1127 E Laurel Drive

    Salinas, CA 93905
    • $2,400,000
    • STATUS: Active
    • ON SITE: 794 days
    • ID#: ML81741971
    UPDATED: 34 min ago
    $2,400,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1967
    County:

    School Ratings & Info

    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.

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    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-05-12T10:41:12.807.

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    1127 E Laurel Drive Salinas, CA 93905

    • Price: $2,400,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: ML81741971
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    1967
    Built
    Neighborhood:
    All Other Counties/States
    County:
    Monterey
    Area:
    All Other Counties/States
    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.
    Exterior Features

    Parking Spaces Total 5 Roof Composition Shingles

    Interior Features

    Bedrooms Unit1 2 Bedrooms Unit2 1 Bedrooms Unit3 1 Cooling None Heating Gas

    Property Features

    Annual Gross Sched Income 117288 Annual Taxes 0 Annual Utility Expense 0 Building Type Other City Transfer Tax No Disabled Features Other Equipment Additional Fire Alarm System Hoa YN No Net Operating Income 117288 Operating Expenses Insurance Rent Unit1 933 Rent Unit2 933 Tenant Pays ElectricWater Tot Bldg Sq Ft 9720 Water Sewer Sewer System - PublicWater - Public Zoning Cr

    Listing courtesy of Jesse Hernandez of Century 21 Showcase Realtors.


    Bay East ©2021. CCAR ©2021. bridgeMLS ©2021. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 2021-05-12T10:41:12.807.

     
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