Investment opportunity featuring four spacious 3-bedroom, 1.5-bath units situated across two separate buildings. Do not disturb occupants. The property offers approximately 4,320 square feet of total building area, with each building measuring approximately 2,160 square feet and containing two units. Each unit features a functional single-level floor plan with three bedrooms and 1.5 bathrooms. The half bath is located within a large walk-in closet in the primary bedroom, providing potential space to add a shower and create a second full bathroom, subject to buyer investigation, permits, and local requirements. The property is in need of some TLC and updating, offering an opportunity for a new owner to make improvements over time and enhance its overall appeal and value. Current rents are below fair market value, providing additional long-term upside for an investor. Any future rent increases are subject to applicable City of Salinas rent regulations and should be independently verified by the buyer. A solid investment opportunity offering spacious 3-bedroom units, existing rental income, below-market rents, and future value-add potential.

Listed by of Chantel Henson of Compass (831) 809-4100



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Last checked: 2026-09-10 08:17 AM UTC