1155 E. Laurel, Drive consists of 14 two-bedroom / one-bathroom apartments.
The complex benefits from many capital improvements in recent years including:
New composition roof (2018)
Stainless steel stairs and walkway repairs
The main electric panel has been replaced
Water line shutoffs for each unit
12 units have had interior remodeling with new cabinets, appliances, counters, flooring, and bathroom surrounds.
New water heater 2024
Most units are due for a 2025 rent increase.
Market rents are estimated at $2200.
Each unit has its natural gas wall furnace.
The buildings were painted in 2020.
The parking lot is concrete.
There is minimal exterior landscaping.
The laundry equipment is leased. The monthly cost is $128.
The stoves are electric, and most units have a vent hood.
The complex is estimated at 11,200 square feet. The lot size is 14,536 square feet.
The owner pays for sewer, garbage, house PG&E, and water.