Home | Monterey County | Salinas | 93906 | Castro St
MLS: ML82047880 | Status: | Price: $4,199,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 12,457 | 19,858 | 1983 |
Rarely available Salinas 16-unit apartment complex. 9.64 GRM & a 6.31% cap rate with new Proposition 13 taxes. Unit mix is all 2-bed / 1 bath. Lots of positives: 1983 construction, most of the wood siding replaced in the last 3 years, deck replacement & repairs last 4 years, SB721 clearance, exterior repainted, complex-owned laundry equipment, and Jeld-Wen vinyl windows. Interiors have remodeled the kitchens, installed new lighting, fans, and flooring, and installed new bathroom fixtures. Most units have a private deck, enclosed patio, some of which are quite spacious. There are two offices - one for management and one for ownership. The North Salinas location is close to shopping, amenities, Costco, Target, Safeway, banks, and many restaurants. Easy access to Highway 101 and may employment centers.
| Field | Value |
|---|---|
| MLS # | ML82047880 |
| MLS Source | MLSListings, Inc. |
| Days on Site | 1 |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Formica |
| Appliances | Dishwasher, Hood Over Range, Oven Range - Electric, Washer/Dryer |
| Flooring | Carpet, Laminate, Tile, Vinyl/Linoleum |
| Cooling | None |
| Heating | Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab, Concrete Perimeter and Slab |
| Style | Ranch |
| Feature | Details |
|---|---|
| Garage/Parking | Assigned Spaces, Attached Garage, Off-Street Parking, On Street, Garage: 1 Car(s) |
| Elementary District | Santa Rita Union Elementary |
| High School District | Salinas Union High |
| Complex Amenities | None |
| Zoning | Residenital High Density |
Hap Albers
Albers Real Estate Investment Company
License #: 01006595
Phone: (408) 893-6002
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 16 | 16 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | – | – | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 109 San Juan Grade Rd | $3,690,000 | – | – | 12,120 | |
| 948 Lupin Dr | $3,900,000 | – | – | 15,985 |
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This listing information is up-to-date as of May 20, 2026. For the most current information, please contact Hap Albers, (408) 893-6002.