12-unit apartment complex in South Salinas located at 330 Soledad Street. The property consists of twelve 2-bedroom, 1-bath units, each with its own water heater, helping keep maintenance and operating costs more straightforward. Several units have been updated over time, while others offer room for a new owner to add value. The property has a strong rental history with long-term tenants and very low turnover, providing consistent, reliable income. At a 5% cap rate, this is a solid investment opportunity with stability and upside potential. Conveniently located near downtown Salinas with easy access to shopping, dining, and main thoroughfares.
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Listing Snapshot
Price
$3,350,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
8,960 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1977
MLS® Number
ML82040391
Status
Active
Property Tax
$36,850
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
React
Invite
Recent Activity
yesterday
Listing updated with changes from the MLS®
yesterday
Listing first seen on site
General Features
Disclosures
None
Foundation
SlabConcrete Perimeter
Parking
CarportAssignedCovered
Parking Spaces
4
Property Sub Type
Multi Family
SqFt Total
8960
Water Source
Public
Zoning
R-M-2.9
Interior Features
Heating
ElectricOther
Laundry Features
None
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Exterior Features
Pool Features
None
Roof
Composition
Community Features
School District
Salinas Union High
Schools
School District
Salinas Union High
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listed by of Mike Handley of Town’N Country Realty (831) 262-2400
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Last checked: 2026-03-28 03:05 AM UTC
Neighborhood & Commute
Source: Walkscore
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