Contact Xavier Gomez
Schedule A Showing
1155 Laurel Drive, Salinas, CA 93905
Priced at Only: $3,990,000
For more Information Call
Mobile: 714.478.6676
Address: 1155 Laurel Drive, Salinas, CA 93905
Property Photos

Property Location and Similar Properties
- MLS#: ML81996974 ( )
- Street Address: 1155 Laurel Drive
- Viewed: 3
- Price: $3,990,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1978
- Bldg sqft: 0
- Days On Market: 145
- Additional Information
- County: MONTEREY
- City: Salinas
- Zipcode: 93905
- Provided by: Albers Real Estate Investment Company
- Contact: Hap Hap
- DMCA Notice
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DescriptionThis 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.
Features
Building Area Total
- 11200.00
Carport Spaces
- 0.00
Cooling
- None
Heating
- Wall Furnace
Insurance Expense
- 6890.00
Otherexpense
- 7416.00
Parcel Number
- 004221062000
Roof
- Composition
Totalexpenses
- 127869.00
Trash Expense
- 15000.00
Year Built
- 1978
Year Built Source
- Other
Zoning
- R H 2 1

- Xavier Gomez, BrkrAssc,CDPE
- RE/MAX College Park Realty
- BRE 01736488
- Mobile: 714.478.6676
- Fax: 714.975.9953
- salesbyxavier@gmail.com