608 North Sanborn Road

Listed By Sotheby's International RealtyContingent
Listed By Sotheby's International RealtyContingent
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Contract Out
$3,995,000
17,306 sqft
608 N Sanborn Rd, Salinas, CA 93905
Est: $24,306/moGet pre-approved
Multi Family 5+Property Type
0.66 acresLot Size
1974Year Built
$231/sq ftPrice per sq ft
13 carsParking Spaces

Description

Rare opportunity to acquire a generationally held 22-unit apartment complex in Salinas, owned by the same family since its original construction. The property features a consistent unit mix of two-bedroom, one-bathroom residences that have been well maintained over the years. Comfortable and functional in their present condition, the interiors also offer opportunities for selective modernization as units become available, allowing new ownership to build upon a solid foundation and enhance long-term...Rare opportunity to acquire a generationally held 22-unit apartment complex in Salinas, owned by the same family since its original construction. The property features a consistent unit mix of two-bedroom, one-bathroom residences that have been well maintained over the years. Comfortable and functional in their present condition, the interiors also offer opportunities for selective modernization as units become available, allowing new ownership to build upon a solid foundation and enhance long-term value. Parking includes 23 covered carport spaces and 13 additional open spaces. An on-site laundry facility offers added convenience for residents. With its substantial scale, desirable unit mix, the property presents a noteworthy long-term investment opportunity.

Listing Agent

  1. Chris Barre

    Chris Barre

    Listing Agent

    Sotheby’s International Realty

    DRE #01305789

    P: (831) 484-4298

    CallText
29 days on Market
Last updated: 09/09/2026 04:59 PM • Source: MLSListings, MLS#: ML82058355

Location

Listing Courtesy of Sotheby’s International Realty, Chris Barre, DRE #01305789
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$24,306 per month

30 year fixed, 6.71% Interest

Principal and Interest

$20,644

Property Taxes

$3,662

HOA Dues

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Property Information for 608 North Sanborn Road

Property Details
  • Taxes: $43,945 / year
  • MLS Type: 5+ Units / Five or More Units
  • County: Monterey County
  • MLS City Name: SALINAS
  • Building Type: Other
  • Garage Spaces: 0
  • Parking Spaces: 13
  • Cross Street: E. Laurel Dr.
Building Information
  • Year Built: 1974
  • Lot Size: 0.66 AC / 28,800 SF
Features
Room Information
  • Kitchen: Cooktop - Electric, Countertop - Formica, Hood Over Range
Features
  • Fireplace: No
  • Flooring: Carpet, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 17306
  • Pool: No
  • Security Features: Security Lights
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 23
Garage
  • Garage and Parking: Assigned Spaces, Covered Parking, No Garage, Unassigned Spaces, Uncovered Parking
Property Details
Homeowners Association
  • HOA Amenities: None
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 22
  • Area Text: ES-68
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 608
  • Street Name: Sanborn
  • Street Direction Prefix: North
  • Street Suffix: Road
  • Area ID: 68
Lot / Property Details
Building Information
  • Number of Buildings: 6
  • Structure SqFt: 17306
  • Structure SqFt Source: Assessor
  • Age: 52
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Trust
  • Zoning Detail: R-H
Location Information
  • City Limits: Yes
  • Parcel Number: 004-222-062-000
  • 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: Concrete Slab
  • Lot Acres: .66
  • Lot Description: Grade - Level
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Low Maintenance
Multi Family Information
Building Information
  • No Of Leased: 22
General Information
  • Annual Tax Amount: $43,945
  • Capitalization Rate: 3.85
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating
  • Income Includes: Laundry, Rents
  • Vacancy Factor: 1
Income / Expense Details
  • Expense Insurance: $24,151
  • Expense Landscape: $0
  • Expense Maintenance: $30,308
  • Expense Management: $15,600
  • Expense Trash: $25,000
  • Expenses Other: $4,733
  • Expenses Utility: $48,841
  • Expenses Total: $192,578
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Capital Improvements, Maintenance - Exterminator, Maintenance - Repair, Services - On-Site Manager, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 11.42
  • Income Annual Gross: $346,239
  • Income Annual Rental: $337,128
  • Income Gross Scheduled: $349,736
  • Income Other: $12,608
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,277
Unit Type 1
  • Unit Type1 Approx SqFt: 790

Property History for 608 North Sanborn Road

DateEvent & SourcePriceAppreciation
Sep 9, 2026

Pending

EBRD #ML82058355

—
Sep 9, 2026

Contingent - Show

MLSListings #ML82058355

—
Aug 20, 2026

Listed (Active)

EBRD #ML82058355

$3,995,000—
DateEvent & SourcePrice
09/09/2026

Pending

EBRD #ML82058355

—
09/09/2026

Contingent - Show

MLSListings #ML82058355

—
08/20/2026

Listed (Active)

EBRD #ML82058355

$3,995,000

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

Public Records for 608 North Sanborn Road

Taxable ValueLand$261,203Additions$1,226,701Total$1,487,904
Tax Record2025$18,902 ($1,575 / month)
Home Facts
Baths22Total Finished SqFt17,306 SqFtAbove Grade Finished SqFt17,306 SqFtStories2Lot Size28,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1974Year Renovated1974CountyMONTEREYAPN004-222-062-000

Schools near 608 North Sanborn Road

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Jesse G. Sanchez Elementary School
Public - K to 6
El Sausal Middle School
Public - 7 to 8
Alisal High School
Public - 9 to 12
Carr Lake Community Day School
Public - 7 to 12
Rating
School
Distance
Jesse G. Sanchez Elementary School
PublicK to 6

El Sausal Middle School
Public7 to 8

Alisal High School
Public9 to 12

Carr Lake Community Day School
Public7 to 12

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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Listing Courtesy of Sotheby’s International Realty, Chris Barre, DRE #01305789

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.