Rare opportunity to acquire a generationally held 22-unit apartment complex in Salinas, owned by the same family since its original construction. The property features a consistent unit mix of two-bedroom, one-bathroom residences that have been well maintained over the years. Comfortable and functional in their present condition, the interiors also offer opportunities for selective modernization as units become available, allowing new ownership to build upon a solid foundation and enhance long-term value. Parking includes 23 covered carport spaces and 13 additional open spaces. An on-site laundry facility offers added convenience for residents. With its substantial scale, desirable unit mix, the property presents a noteworthy long-term investment opportunity.
17,306 Sq Ft
0.661 Private Acres Lot Size
investment
Built in 1974
MLS/Listing ID ML82058355
Slab
Carpet
Composition
Parking - No Garage
Coin-operated
Heating - Wall Furnace
TOTAL MONTHLY COST
$0
$0
$0
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