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Sanborn Cottages751 Sanborn Pl, Salinas, CA 93901
Barry ThrogmortonPeninsula Realty,Carmel By The Sea, CA [email protected](831) 402-6406
Price: $6,100,000
No. Units: 32
Property Type: Multifamily
Property Sub-type: Apartments
Apartment Style: Garden
Building Class: C
Sale Type: Investment
Cap Rate: 6.25%
Lot Size: 1.29 AC
Building Size: 16,400 SF
Sale Conditions: [object Object]
Gross Rent Multiplier: 9.9
No. Beds: 32
No. Stories: 1
Year Built: 1955
Sanborn Cottages$6,100,000
Sanborn Cottages is a 32 unit property in an isolatedlocation in Salinas. The owner has made extensiveimprovements to the exterior of the property whichincludes a recent replacement of all asphalt whileimproving drainage on the site. All the units have eitherbeen remodeled or refurbished....
Pricing based on current Rent Roll. Power & water aremaster metered and are paid by Landlord....
"Opportunity Zoned" Asset
Upgraded property allows for upside on market rents
Property appraised Jan 2018 in excess of current
asking. 100% ocupancy
Ample Parking, Isolated close to Highway 101
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Unit/Room Mix Information
Description No. Units Avg. Rent/Mo Sq. Ft
1+1 32 $1555 508
2+1 1 $1975 750
751 Sanborn Pl, Salinas, CA 93901
Sanborn Cottages is a 32 unit property in an isolated location in Salinas. The owner has made extensiveimprovements to the exterior of the property which includes a recent replacement of all asphalt while improvingdrainage on the site. All the units have either been remodeled or refurbished.
Property Photos
Remodeled Bath
Living/Kitchen
Property Photos
Kitchen remodel
Asphalt & Stripping
Property Photos
Covered Carport
Plat Map
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Aerial
Aerial
