$3,995,000
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.
Listed by Chris Barre with Sotheby's International Realty (831) 659-2267
Property Type
Commercial Sale
Status
Active
MLS Number
ML82058355
Year Built
1974
Lot Size
0.66 acres
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1616 N Main St, Salinas
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