CA > Salinas
Salinas, CA 93905,1155 E Laurel DR
Salinas, CA 93905,1155 E Laurel DR
Salinas, CA 93905,1155 E Laurel DR
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LaKeshia Lindsey

LaKeshia Lindsey

+1(619) 746-0849
$3,990,000
Est. payment /mo
0.33 Acres Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML81996974

HOA Y/N No

Year Built 1978

Annual Tax Amount $52,868

Lot Size 0.334 Acres

Property Description

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.

Location

State CA

County Monterey

Area 699 - Not Defined

Zoning R H 2 1

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Roof Type Composition

Total Parking Spaces 18

Building

Lot Description Level

Schools

School District Other

Others

Tax ID 004221062000

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Hap Albers • Albers Real Estate Investment Company
agent-avatar

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California. 

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

USA

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