Castro ST, Salinas, CA 93906
- $4,199,000
- 12,457
- SqFt
- List Price
- $4,199,000
- Closing Date
- Aug 19, 2026
- MLS#
- ML82047880
- Status
- CONTINGENT
- Property Type
- com
- Sqft. of Residence
- 12,457
- Listing Area
- Northgate/Sherwood Gardens, Santa Rita
- Year Built
- 1983
Property Description
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.
Additional Information
- Age
- 43
- Cooling System
- None
- Floor Covering
- Carpet, Laminate, Tile, Vinyl / Linoleum
- Foundation
- Concrete Perimeter and Slab, Concrete Slab
- Garage Parking
- Assigned Spaces, Attached Garage, Off-Street Parking, On Street
- Heating System
- Gas, Wall Furnace
- Laundry Facilities
- Washer / Dryer
- Living Area
- 12,457
- Lot Description
- Grade - Mostly Level
- County
- Monterey
- Neighborhood
- Northgate/Sherwood Gardens, Santa Rita
- Other Rooms
- Laundry Room, Office Area, Storage
- Other Utilities
- Individual Electric Meters, Individual Gas Meters
- Roof
- Composition
- Sewer
- Sewer Connected
- Special Features
- None
- Style
- Ranch
- Total Number Of Units
- 16
- Unincorporated Yn
- Yes
- View
- City
- Zoning
- Residenital High Density
Mortgage Calculator
Listing courtesy of Hap Albers from Albers Real Estate Investment Company. 408-893-6002
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