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$3,550,000

  • Sold
  • Closed
  • Commercial Residential Facility
  • 11,200 Sq. Ft.
  • 0.3337 Acres
See This Home
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See This Home
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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.

Full Property Details for 1155 E Laurel Dr

General

  • Sold For: $3,550,000
  • Status: Closed
  • Type: Commercial Residential Facility
  • Source: RE_Infolink
  • MLS ID: ML81996974
  • Added to Site: 315 day(s) ago

Interior

  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum

Rooms

Other Rooms

  • Kitchen: Formica Countertop, Synthetic Countertop, Exhaust Fan, Electric Oven/Range, Refrigerator
  • Laundry: Coin-Operated, Washer / Dryer

Additional Information

  • Security/Safety: None

Parking

  • Parking Features: Off-Street Parking, Uncovered Parking

Location

  • Area: ES-68
  • County: Monterey
  • Cross Streets: Towt

Heating & Cooling

  • Cooling Type: None

Utilities

  • Sewer: Sewer Connected
  • Water: Private / Mutual
  • Utility Description: Individual Electric Meters, Individual Gas Meters
  • Metering: Master Electric, Master Gas, Master Water, Separate Common Area, Separate Electric

Structural Information

  • Construction: Wood
  • Foundation: Concrete Slab
  • Roof: Composition
  • Disability Access: None
  • Square Feet: 11,200
  • Year Built: 1978

Unit Information

Unit 1

  • Bedrooms: 2

Lot Features

  • Lot Size (Acres): 0.3337
  • Minimum Lot Size: 14536
  • Building Sites: 1
  • Grounds/Landscape: Low Maintenance
  • Zoning: R H 2 1
  • Lot Description: Level

Disclosures and Reports

  • Restrictions: None

Listed by Albers Real Estate Investment Company, Hap Albers
Sold by M7465, Will Silva

Listing agent

— 1155 E Laurel Dr —

  • Hap Albers

    Albers Real Estate Investment Company

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1155 E Laurel Dr

School Districts:Salinas Union High School District, Alisal Union Elementary School District
NameGradesDistance
Dr. Martin Luther King, Jr. Academy
925 North Sanborn Road, Salinas, CA 93905
K-60.4 mi
El Sausal Middle School
1155 East Alisal Street, Salinas, CA 93905
7-80.6 mi
Alisal High School
777 Williams Road, Salinas, CA 93905
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1155 E Laurel Dr

Date
Details
Price
Change
Source
11/14/2025
Sold
$3,550,000
-11.03%
MLS
3/07/2025
Listed
$3,990,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Albers Real Estate Investment Company, Hap Albers
Sold by M7465, Will Silva

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1155 E Laurel Dr, Salinas, CA 93905 (MLS# ML81996974) is a Commercial Residential Facility property that was sold at $3,550,000 on November 14, 2025. Want to learn more about 1155 E Laurel Dr? Do you have questions about finding other Commercial Residential Facility real estate for sale in Salinas? You can browse all Salinas real estate or contact a Coldwell Banker agent to request more information.