NOT LISTED FOR SALE

1022 Mohar St Salinas, CA 93905

East Salinas Neighborhood
4 Beds
5 Baths
1,992 Sq Ft
7,200 Sq Ft Lot

Last Sold February 28, 2019

Last sale price $545,000 $274 Per Sq Ft

106 Days on Market

About This Home

As of February 2019

4 units with Great upside potential! Property consists of four 1 bedroom 1 bath units. Individual PG&E meters. Rents are low, and yet still has 6% CAP rate. Easy walk to schools, Restaurants and shopping. With a little TLC you can increase the rent for an ever higher CAP rate. Loads of potential here. If your looking for a property that offers "sweat equity" look no further. This diamond in the rough can be a real gem. Check around, you won't find a better deal out there. Yes, it could use some TLC but return on investment here would be great!

Last Listed By

Raeid Farhat

Raeid Farhat Real Estate Inc License #01295607 Listed on: 10/15/2018

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 7,200

Home Design

  • Quadruplex
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,992 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Parking Spaces
  • No Garage

Additional Features

  • 7,200 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $46,800

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $900
  • Utility Expense $1,500
  • Trash Expense $3,000
  • Operating Expense $11,913
  • Gross Income $46,800

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Listing Details

  • Zoning: R
  • Subclass: Fourplex
  • Age: 71
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1992
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 1992
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: No Garage

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1653
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7200.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 11.94
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 900
  • Expenses Total: 11913
  • Expenses Utility: 1500
  • Expense Trash: 3000
  • Income Annual Gross: 46800.00
  • Income Annual Rental: 46800
  • Income Gross Scheduled: 46800
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $545,000 -2.5% $274 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/16/2019 01/16/19 Price Changed $559,000 0.0% $281 / Sq Ft
11/27/2018 11/27/18 Price Changed $558,999 0.0% $281 / Sq Ft
10/15/2018 10/15/18 For Sale $559,000 -- $281 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Raeid Farhat

    Seller's Agent in 2019

    Raeid Farhat

    Raeid Farhat Real Estate Inc

    (831) 840-3902

    1 in this area

    126 Total Sales

    Raeid Farhat
    Section Image
  • Renee Garner

    Buyer's Agent in 2019

    Renee Garner

    Coldwell Banker Realty

    (831) 206-8609

    29 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81727688

MLSListings

APN: 004-231-008

California Monterey County Salinas 93905 East Salinas

1022 Mohar St, Salinas, CA

Homes for Sale in Salinas, CA

This home is located at 1022 Mohar St, Salinas, CA 93905 since 15 October 2018. This property was built in 1947. 1022 Mohar St is a home located in Monterey County with nearby schools including Jesse G. Sanchez Elementary School, El Sausal Middle School, and Alisal High School.

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