Commercial: MLS #ML82047880 Salinas, CA ^$ 4,199,000

Commercial: MLS #ML82047880

^$ 4,199,000

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Commercial: MLS #ML82047880

Name: address
Address: CA, 93906

Salinas, CA, 93906

^$ 4,199,000

Bedrooms-- Baths-- Sq 12,457

Monthly Estimate*

^$ 25,854

Listed by Albers Real Estate Investment Company

Commercial Property for sale in Salinas, CA

for $4,199,000. This 12,457 square foot building was built in 1983 on a lot size of 0.4559.

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.

Commercial Active

Price

^$ 4,199,000

Property Type

Commercial

Taxes

^$ 51,331

Style

Lot Size

0.4559

Year Built

1983

Town/City

Salinas

County/Region

Monterey

MLS | Web ID

ML82047880

Days on Market

Features

General

Heating Wall Furnace

Cooling None

Roof Composition

Zoning Residenital High Density

HOA Fee 0

Year Built 1983

County Monterey

Insurance Expense 8000

Property Type Commercial Sale

MaintenanceExpense 12000

Special Listing Conditions Standard

Status Active

City Salinas

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 19858

Carport Spaces 14

Carport Y/N true

Tax Annual Amount 51331

Trash Expense 20520

Standard Status Active

Occupancy Type Tenant

Year Built Source Other

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Total Parking 8

Lot Size Area 19858

Number of Buildings 3

Building Area Total 12457

Lot Size Acres 0.4559

Lot Size Source Other

* Excluded Features

List By

Albers Real Estate Investment Company

Broker

hap@albersrealestate.com

Affordability Calculator

$30,132

Per Month

Monthly Principal & Interest: $25,854
Monthly Property Taxes: $4,278
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Salinas, CA

Average List Price ^$3,038,988

Percent of Sale Price 28%

About Salinas, CA

156,722 Population

3% Since 2002

^$53,080 Median Income

32.07 Median Age

44% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/20/2026	$4,199,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/22/2026. 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.

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Commercial: MLS #ML82047880

Commercial Property for sale in Salinas, CA

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