CA
Monterey
SALINAS
93905
1155 E Laurel Drive
1155 E Laurel Drive, SALINAS, CA 93905
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Listing Type
Multi Family
Listing Status
contingent
10
$3,990,000

Home Details for 1155 E Laurel Drive

Price
$3,990,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
11200
Year built
1978
Lot size acres
0.3337
County
Monterey
Garage
Days on site
244
MLS Listing#
ML81996974
Listed By: Albers Real Estate Investment Company - 831-372-1922
Listed By: Hap Albers
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.

Property Features
  • Heating Information
    • Natural Gas
    • Wall Furnace
  • Cooling Information
    • None
  • Water Features
    • Private
  • Parking
    • Off Street
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-11-09 02:30:53
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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