CA
Monterey
SALINAS
93906
83 Castro Street, SALINAS, CA 93906
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Listing Type
Multi Family
Listing Status
Active
17
$4,199,000

Home Details for 83 Castro Street

Price
$4,199,000
Type
Residential Income
Square feet
12457
Year built
1983
County
Monterey
Garage
1
Days on site
14
MLS Listing#
ML82047880
Listed By: Albers Real Estate Investment Company - 831-372-1922
Listed By: Hap Albers
Property Description

Rarely available Salinas 16-unit apartment complex. 9.64 GRM & a 6.31% cap rate with new Proposition 13 taxes. Unit mix is all 2-bed / 1 bath. Lots of positives: 1983 construction, most of the wood siding replaced in the last 3 years, deck replacement & repairs last 4 years, SB721 clearance, exterior repainted, complex-owned laundry equipment, and Jeld-Wen vinyl windows. Interiors have remodeled the kitchens, installed new lighting, fans, and flooring, and installed new bathroom fixtures. Most units have a private deck, enclosed patio, some of which are quite spacious. There are two offices - one for management and one for ownership. The North Salinas location is close to shopping, amenities, Costco, Target, Safeway, banks, and many restaurants. Easy access to Highway 101 and may employment centers.

Property Features
  • Parking
    • Off Street
    • Attached
    • On Street
    • Assigned
  • Heating Information
    • Natural Gas
    • Wall Furnace
  • Cooling Information
    • None
  • Garage
    • 1
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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 2026 MLSListings Inc. All rights reserved.

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Last Updated: 2026-05-19 21:33:37
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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
408 778 9990
Agent
408 202 3243
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