12-unit apartment complex in South Salinas located at 330 Soledad Street. The property consists of twelve 2-bedroom, 1-bath units, each with its own water heater, helping keep maintenance and operating costs more straightforward.
Several units have been updated over time, while others offer room for a new owner to add value. The property has a strong rental history with long-term tenants and very low turnover, providing consistent, reliable income.
At a 5% cap rate, this is a solid investment opportunity with stability and upside potential. Conveniently located near downtown Salinas with easy access to shopping, dining, and main thoroughfares.