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6/26/25
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Archer Gardens Apartments, a 32-unit multifamily property in Salinas, traded hands in a recent $8.25 mil ($258k/unit) deal. The property is located at 633 Archer St, west of the 101 Fwy, about 20 miles northeast of Monterey.
Built in 1972, Archer Gardens consists exclusively of two-bedroom/one-bathroom units within a 24.9k sf building on a 1.12-acre lot. The complex features well-designed, spacious floor plans and covered parking.
The property is located near key transportation corridors such as US 101, CA-183, and CA-68. Hartnell College is just a block from the building, and Old Town Salinas is only a five-minute drive away, providing residents with walkable access to restaurants, shops, cafes, art galleries, and public transit, including the proposed Caltrain extension at the nearby Salinas Rail Station.
Adam Levin, Robert Johnston and Joshua Velo with Levin Johnston represented the seller and procured the buyer in the transaction. According to Levin, the proceeds are expected to be invested in a 50+-unit multifamily asset as part of an adjustment to the seller’s portfolio.
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