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1155 E Laurel Drive, SALINAS, CA 93905
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$3,990,000
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Home Details for 1155 E Laurel Drive
Price
$3,990,000
Type
Multi Family
Year Build
1978
Sq. Ft.
11200
Lot Size
0.3337
County
Monterey
Tax
$52,868
MLS®️ Listing#
ML81996974
On exitrealty.com
252 days
Listed By: Albers Real Estate Investment Company - 831-372-1922. Listed By: Hap Albers
Property 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 stainless steel 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.
- Heating Information
- Natural Gas
- Wall Furnace
- Cooling Information
- None
- Water Features
- Private
- Parking
- Off Street
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than EXIT Realty are marked with the Internet Data Exchange adn detailed information about them includes the names of the listing brokers and listing agents.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 2025 MLSListings Inc. All rights reserved.
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Last Updated: 2025-11-17 05:31:26
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
Licensed in the state of California
CA DRE# 01424183. Kris Klair Broker.
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$3,990,000
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
Licensed in the state of California
CA DRE# 01424183. Kris Klair Broker.