Home | Monterey County | Salinas | 93905 | 1155 E Laurel Dr
MLS: ML81996974 | Status: | Price: $3,550,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Acres Lot | Yr Built |
|---|---|---|---|---|
| – | – | 11,200 | 0.333 | 1978 |
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.
| Field | Value |
|---|---|
| MLS # | ML81996974 |
| MLS Source | MLSListings, Inc. |
| Feature | Details |
|---|---|
| Kitchen | Countertop - Formica, Countertop - Synthetic, Exhaust Fan |
| Appliances | Exhaust Fan, Oven Range - Electric, Washer/Dryer |
| Flooring | Carpet, Laminate, Tile, Vinyl/Linoleum |
| Laundry | Coin Operated |
| Cooling | None |
| Heating | Gas, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Composition |
| Foundation | Slab |
| Feature | Details |
|---|---|
| Garage/Parking | Off-Street Parking, Garage: 0 Car(s) |
| Elementary District | Alisal Union Elementary |
| High School District | Salinas Union High |
| Zoning | R H 2 1 |
Hap Albers
Albers Real Estate Investment Company
License #: 01006595
Phone: (831) 372-1922
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 14 | 14 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 2 | 1/0 | $1,600 | $2,200 | 14 |
School data provided by GreatSchools.org
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This listing information is up-to-date as of January 30, 2026. For the most current information, please contact Hap Albers, (831) 372-1922.