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.
Multi-familyProperty Type
1953Year Built
0.33 acresLot Size
$260Price/Sq.Ft.
14 spacesParking
Listed by Emmanuel Ramos•DRE #01826507• Baird Partnership, Inc.
We couldn't find any schools that service this home or are within 5 miles of this home.
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About East
Salinas
East Salinas, located between Natividad Creek Park and Oldtown Salinas, is a residential and working-class Salinas neighborhood with a grid of low-slung homes and a strong street-market rhythm. The neighborhood’s character concentrates around E Alisal St and N Sanborn Rd, where panaderías, taquerías, produce markets, and storefront murals set a busy, everyday cadence. Sherwood Gardens Shopping Center, Maya Cinemas Salinas, and the National Steinbeck Center act as familiar community pillars nearby. Housing leans toward mid-century single-story ranches and compact bungalows with front yards and mature shade trees. Natividad Creek Park and nearby greenways add walking paths and open fields. The setting stays closely tied to the Salinas Valley’s agricultural landscape and the city’s downtown arts corridor.
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Property details
Interior
Exterior
Finance
Interior features
Five-unit property with two buildings
Bedrooms
Unit 1: 4 bedrooms
Unit 2: 4 bedrooms
Unit 3: 3 bedrooms
Unit 4: 4 bedrooms (this unit type has 2 units)
Bathrooms
Unit 1: 1 full bathroom
Unit 2: 1 full bathroom
Unit 3: 1 full bathroom
Unit 4: 2 full bathrooms
Exterior features
Uncovered parking areas
Home design
Multi-unit residential property (5 units total)
Two buildings
Parking
Total of 14 parking spaces
Carport available
Construction
Total building area approximately 5,385
Electricity and solar
View estimated energy costs and solar savings for this home
Rare opportunity to acquire a generationally held 22-unit apartment complex in Salinas, owned by the same family since its original construction. The property features a consistent unit mix of two-bedroom, one-bathroom residences that have been well maintained over the years. Comfortable and functional in their present condition, the interiors also offer opportunities for selective modernization as units become available, allowing new ownership to build upon a solid foundation and enhance long-term value. Parking includes 23 covered carport spaces and 13 additional open spaces. An on-site laundry facility offers added convenience for residents. With its substantial scale, desirable unit mix, the property presents a noteworthy long-term investment opportunity.
As the MLS and public records start to fill up, we'll list the details here.
Public record
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Style
Multi-Family (2-4 Unit)
County
Monterey County
APN
004-383-061-000
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Last updated by owner on Sep 22, 2026.
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Salinas, CA • 93905
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