1155 Laurel Drive, Salinas, CA 93905
  • MLS#: ML81996974 ( )
  • Street Address: 1155 Laurel Drive
  • Viewed: 1
  • Price: $3,990,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1978
  • Bldg sqft: 0
  • Days On Market: 5
  • Additional Information
  • County: MONTEREY
  • City: Salinas
  • Zipcode: 93905
  • Provided by: Albers Real Estate Investment Company
  • Contact: Hap Hap
  • California Regional MLS IDX
  • DMCA Notice
  • 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 metal 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.
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Features
Building Area Total
  1. 11200.00
Carport Spaces
  1. 0.00
Cooling
  1. None
Heating
  1. Wall Furnace
Insurance Expense
  1. 6890.00
Otherexpense
  1. 7416.00
Parcel Number
  1. 004221062000
Roof
  1. Composition
Totalexpenses
  1. 127869.00
Trash Expense
  1. 15000.00
Year Built
  1. 1978
Year Built Source
  1. Other
Zoning
  1. R H 2 1