Share this with your friends
+14155184459
Bailey Properties
1155 E Laurel DR, Salinas, CA 93905
- $3,550,000
- 11,200
- SqFt
Listed by Hap Albers, 831-372-1922 from Albers Real Estate Investment Company
(If provided) CoList: from
Sold listing courtesy of Will Silva from M7465
- Sold Price
- $3,550,000
- List Price
- $3,990,000
- Closing Date
- Nov 14, 2025
- MLS#
- ML81996974
- Status
- SOLD
- Sqft. of Residence
- 11,200
- Lot Size
- 14,536
- Listing Area
- Es-68
- Year Built
- 1978
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.
/u.realgeeks.media/mbaronrealestate/Square_Logo.png){kind=logo}
Additional Information
- Acres
- 0.33
- Age
- 47
- Cooling System
- None
- Floor Covering
- Carpet, Laminate, Tile, Vinyl / Linoleum
- Foundation
- Concrete Slab
- Garage Parking
- Off-Street Parking, Uncovered Parking
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Coin Operated, Washer / Dryer
- Living Area
- 11,200
- Lot Description
- Grade - Level
- Lot Size
- 14,536
- Neighborhood
- Es-68
- Other Rooms
- Laundry Room, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer Connected
- Zoning
- R H 2 1
Mortgage Calculator
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Bailey Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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 2026 MLSListings Inc. All rights reserved