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5-Unit Apartment Property
New
For Sale
$1,398,000

1015 N Sanborn Road, Salinas, CA 93905

Two-story residential buildings combine a large-bedroom mix with on-site off-street parking.

Property SizeContact for details
Days on Market3

Property Features for 1015 N Sanborn Road

General Information

Standard status Active

Units

Unit Mix 4 x 4BR, 1 x 3BR/1BA
Multifamily Units 5

Additional Details

Public Transit Yes

Amenities

laundry room

Building Details

Buildings 2
Stories 2
Listing Agency: Baird Partnership, Inc.
Listed By: James Kendall
Source: Tfregroup
Added: Sep 24 Last Checked: Sep 26 at 6:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baird Partnership, Inc.

Investment Insights

Based on property information with market context.

Five rental apartments are arranged across two separate two-story buildings. Four units have four bedrooms, while the remaining apartment has three bedrooms and one bathroom. Off-street parking is available on site. One building has a new roof and sprinklers. A laundry room has hookups in place that have not yet been connected.

The property is on North Sanborn Road in East Salinas, near schools, parks, and transit. Existing rental income and any rent changes are subject to applicable City of Salinas regulations.

Key Highlights

  • Five apartments across two separate two‑story buildings
  • Four 4‑bedroom units and one 3‑bedroom / 1‑bathroom unit
  • On‑site off‑street parking

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Skin Care Clinic Gym & Fitness Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

355
Businesses Nearby

Demographics for 93905, CA

64,209
Population
14,534
Households
4.4
Avg Household Size
29
Median Age
7%
College-Educated
45%
High-School Grad
9.2 sq mi
ZIP Area
6,979
Density / Sq Mi
$75,716
Median Household Income
$30,715
Median Earnings
$1,799
Median Rent
$570,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two-story residential buildings combine a large-bedroom mix with on-site off-street parking.
Where is this apartment building located?
The property is located at 1015 N Sanborn Road Salinas, CA.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Five apartments across two separate two‑story buildings; Four 4‑bedroom units and one 3‑bedroom / 1‑bathroom unit; On‑site off‑street parking
More about this property
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