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$1,495,000

157 Central Avenue

Salinas, CA 93901

Active

1934

Year Built

Monterey

County

CommercialSale

Property Type

About this home

157 Central Ave is an 8-unit apartment complex located in Downtown Salinas, adjacent to Hartnell College and Monterey County government offices. The property consists of six studio apartments within the two-story main building, along with two detached units: one one-bedroom/ one-bath unit and one three-bedroom/one-bath unit. The property has historically experienced very low tenant turnover, providing a stable and consistent rental history. The one-bedroom/one-bath unit can be delivered vacant at closing, offering an owner-user the opportunity to occupy the unit or an investor the flexibility to lease it at market rates.

Listed by Patrick Stafford · DRE #01857243 · Baird Partnership, Inc.

MLS #1190559970

ListedSep 11, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofComposition

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingNone

HeatingWall Furnace

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total3

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.15 ac

Lot FeaturesN/A

ViewN/A

DirectionsN/A

Community

Area699 - Not Defined

School DistrictOther

Tax & Financial

TermsN/A

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$7,957/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 8:15 PM

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