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Jenn Smart

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1015 N Sanborn Rd , Salinas, CA 93905
$1,398,000
Est. Payment: $3,106.67/mo
5385 Sqft
0.33 Acres
Status: active under contract | Days on site: 22
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ML37997 - ML5081753
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House Description

Investment opportunity featuring five apartment units across two separate two-story buildings at 1015 N Sanborn Rd, Salinas, CA 93905. Do not disturb occupants. The property offers a strong bedroom mix four spacious 4-bedroom units plus one smaller 3-bedroom / 1-bathroom unit, giving the new owner in-place income with a clear path to improve operations and finishes over time. Each building is two stories, with abundant off-street parking on site. One building already has a new roof and sprinklers. There is a laundry room with hookups in place and ready to be connected, subject to buyer investigation and local requirements. The property sits along a primary East Salinas corridor with nearby schools, parks, and transit. The asset offers a clear value-add path through rent upside and interior modernization. Current rents and any future increases are subject to applicable City of Salinas rent regulations and should be independently verified by the buyer. A solid investment opportunity offering large-bedroom unit mix, existing rental income, and future value-add potential on North Sanborn Road.

Highlights

Listed by James Kendall , 831-275-0129 Baird Partnership, Inc. , 831-646-1919. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

Lot/Acreage
0.33

Year Built

1953

County

Monterey

Area

699 - Not Defined

School District

Other

Listing ID

ML82062199

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Interior Features

Water:Other

Exterior Features

Lot:No Land Lease
Garage Capacity:14
Zoning:Zoning R-H-2.1
Roof:Other
Principal Interest
$3,107
Taxes
$1,340

Home Price

$1,398,000

Loan Details

30 yrs
0%

Down Payment

20%
$279,600
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$3,106.67

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,106.67 $1,339.75 $0.00 $4,446.42
Yearly $37,280.00 $16,077.00 $0.00 $53,357.00
Total $1,118,400.00 $482,310.00 $0.00 $1,600,710.00
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So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Salinas, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-11-14T15:36:55.000Z

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