1015 North Sanborn Road

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Active
$1,398,000
5,385 sqft
1015 N Sanborn Rd, Salinas, CA 93905
Est: $8,803/moGet pre-approved
Multi Family 5+Property Type
0.33 acresLot Size
1953Year Built
$260/sq ftPrice per sq ft
14 carsParking Spaces

Description

Investment opportunity featuring five apartment units across two separate two-story buildings at 1015 N Sanborn Rd, Salinas, CA 93905. Do not disturb occupants. The property offers a strong bedroom mix four spacious 4-bedroom units plus one smaller 3-bedroom / 1-bathroom unit, giving the new owner in-place income with a clear path to improve operations and finishes over time. Each building is two stories, with abundant off-street parking on site. One building already has a new roof and sprinklers....Investment opportunity featuring five apartment units across two separate two-story buildings at 1015 N Sanborn Rd, Salinas, CA 93905. Do not disturb occupants. The property offers a strong bedroom mix four spacious 4-bedroom units plus one smaller 3-bedroom / 1-bathroom unit, giving the new owner in-place income with a clear path to improve operations and finishes over time. Each building is two stories, with abundant off-street parking on site. One building already has a new roof and sprinklers. There is a laundry room with hookups in place and ready to be connected, subject to buyer investigation and local requirements. The property sits along a primary East Salinas corridor with nearby schools, parks, and transit. The asset offers a clear value-add path through rent upside and interior modernization. Current rents and any future increases are subject to applicable City of Salinas rent regulations and should be independently verified by the buyer. A solid investment opportunity offering large-bedroom unit mix, existing rental income, and future value-add potential on North Sanborn Road.
3 days on Market
  • Listed by: James Kendall DRE #02010395 Brokerage DRE #00533485 • Baird Partnership, Inc. 831-275-0129
Last updated: 09/23/2026 11:17 AM • Source: MLSListings, MLS#: ML82062199

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Location

Listing Courtesy of Baird Partnership, Inc., James Kendall, DRE #02010395
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$8,803 per month

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Property Taxes

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Property Information for 1015 North Sanborn Road

Property Details
  • Taxes: $16,077 / year
  • MLS Type: 5+ Units / Five or More Units
  • County: Monterey County
  • MLS City Name: SALINAS
  • Building Type: Other
  • Garage Spaces: 0
  • Parking Spaces: 14
Building Information
  • Year Built: 1953
  • Lot Size: 0.33 AC / 14,160 SF
Features
Features
  • Fireplace: No
  • Living SqFt: 5385
  • Pool: No
  • Security Features: Other
  • Special Features: Other
Utilities
  • Cooling: Other
  • Heating: Other
  • Meters: None
  • Sewer Septic: Other
  • Utilities: Other
  • Water: Other
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 5
  • Area Text: ES-68
  • Restrictions: None
  • Roof: Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 1015
  • Street Name: Sanborn
  • Street Direction Prefix: North
  • Street Suffix: Road
  • Area ID: 68
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 5385
  • Structure SqFt Source: Other
  • Age: 73
Development Information
  • Zoning Detail: Zoning R-H-2.1
Location Information
  • Parcel Number: 004-383-061-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93905
  • Elementary School District: 430
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Other
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 5
General Information
  • Annual Tax Amount: $16,077
  • Capitalization Rate: 5.26
  • Tenant Expenses: Other
  • Income Includes: Other
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $13,164
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $7,704
  • Expense Trash: $4,260
  • Expenses Other: $5,280
  • Expenses Utility: $8,442
  • Expenses Total: $54,927
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 10.89
  • Income Annual Gross: $128,400
  • Income Annual Rental: $128,400
  • Income Gross Scheduled: $128,400
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 4
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Approx Square Footage: 1046
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 4
  • Unit 2 Rent: $2,000
Unit 3 Information
  • Unit 3 Approx Square Footage: 776
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $1,500
Unit 4 Information
  • Unit 4 Approx Square Footage: 1250
  • Unit 4 Full Bathrooms: 2
  • Unit 4 Number of Bedrooms: 4
  • Unit 4 Rent: $2,600
Unit Type 1
  • Unit Type1 Approx SqFt: 1063

Property History for 1015 North Sanborn Road

DateEvent & SourcePriceAppreciation
Sep 22, 2026

Listed (Active)

EBRD #ML82062199

$1,398,000—
Sep 22, 2026

Listed (Active)

MLSListings #ML82062199

$1,398,000—
May 28, 2000

Expired

RESFAR #89946865

—
DateEvent & SourcePrice
09/22/2026

Listed (Active)

EBRD #ML82062199

$1,398,000
09/22/2026

Listed (Active)

MLSListings #ML82062199

$1,398,000
05/28/2000

Expired

RESFAR #89946865

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1015 North Sanborn Road

Taxable ValueLand$172,437Additions$423,080Total$595,517
Tax Record2025$7,505 ($625 / month)
Home Facts
Baths5Total Finished SqFt5,646 SqFtAbove Grade Finished SqFt5,646 SqFtLot Size14,160 SqFtStyleMulti-Family Res (5+ Units)Year Built1953Year Renovated1953CountyMONTEREYAPN004-383-061-000

Schools near 1015 North Sanborn Road

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Dr. Martin Luther King, Jr. Academy
Public - K to 6
La Paz Middle School
Public - 7 to 8
Alisal High School
Public - 9 to 12
Alisal Virtual Academy
Public - 1 to 6
Rating
School
Distance
Dr. Martin Luther King, Jr. Academy
PublicK to 6

La Paz Middle School
Public7 to 8

Alisal High School
Public9 to 12

Alisal Virtual Academy
Public1 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1015 North Sanborn Road, Salinas, CA 93905

1015 North Sanborn Road is for sale in Salinas, CA 93905. This property was listed for sale on September 22, 2026 by Baird Partnership, Inc., it's currently listed at $1,398,000. This listing's school districts are Salinas Union High School District, Alisal Union School District. Nearby schools include Dr. Martin Luther King, Jr. Academy, La Paz Middle School and Alisal High School. 1015 North Sanborn Road is a 0-bed, 0-bath, 5,385 sqft built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird Partnership, Inc., James Kendall, DRE #02010395

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.