Commercial property
Listing Agent: Hap Albers (DRE #01006595) · Listing Office: Albers Real Estate Investment Company · Contact: 831-372-1922 · Bought with: Hap Albers · Albers Real Estate Investment Company · MLS #ML81913962 · Source: CRMLS
35 units in Salinas. The unit mix is 18 two-bedroom / one-bedroom townhouse units, 16 one-bedroom units, and one three-bedroom unit, which is used as the onsite managers unit. The complex has five buildings. The property management company has invested in capital improvements, repairs, upgrades, exterior painting, tree trimming, and many other improvements over the last several years. Rents were increased in the fall of 2022 and can be increased again in the fall of 2023. The GRM is 10.25.
Listing description from the February 2023 sale, as reported to CRMLS.