Seller's Agent in 2019
Raeid Farhat
Raeid Farhat Real Estate Inc
(831) 840-3902
1 in this area
111 Total Sales
1022 Mohar St Salinas, CA 93905
East Salinas Neighborhood
4
Beds
5
Baths
1,992
Sq Ft
7,200
Sq Ft
About This Home
As of February 20194 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 Agent to Sell the Property
Raeid Farhat Real Estate Inc License #01295607 Listed on: 10/15/2018
Last Buyer's Agent
Renee Garner
Coldwell Banker Realty License #01705882
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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,989 | $607,951 | $278,876 | $329,075 |
| 2024 | $7,989 | $596,031 | $273,408 | $322,623 |
| 2023 | $7,843 | $584,346 | $268,048 | $316,298 |
| 2022 | $7,060 | $572,890 | $262,793 | $310,097 |
| 2021 | $7,065 | $561,658 | $257,641 | $304,017 |
| 2020 | $6,988 | $555,900 | $255,000 | $300,900 |
| 2019 | $8,260 | $625,000 | $300,000 | $325,000 |
| 2018 | $7,944 | $625,000 | $300,000 | $325,000 |
| 2017 | $6,743 | $500,000 | $160,000 | $340,000 |
| 2016 | $4,782 | $365,000 | $130,000 | $235,000 |
| 2015 | $4,812 | $365,000 | $75,000 | $290,000 |
| 2014 | $4,538 | $350,000 | $60,000 | $290,000 |
Source: Public Records
Agents Affiliated with this Home
-
Raeid Farhat
-
R
Buyer's Agent in 2019
Renee Garner
Coldwell Banker Realty
Map
Source: MLSListings
MLS Number: ML81727688
APN: 004-231-008
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Property Information © 2026 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.
Nearby Homes
- 933 Acosta Plaza Unit 35
- 11 Hill Cir
- 11 E Laurel Dr
- 948 Rider Ave
- 609 Saint George Dr
- 544 Saint George Dr
- 320 N Sanborn Rd
- 1046 C St
- 724 Circle Dr
- 755 Pino Way
- 129 N Filice St
- 11 Fresa Place
- 230 Paloma Ave
- 78 Ragsdale Ct
- 1094 Twin Creeks Dr
- 1049 Twin Creeks Dr
- 150 Kern St Unit 114
- 150 Kern St Unit 40
- 487 E Market St
- 182 Kern St Unit 45
Your Personal Tour Guide
Ask me questions while you tour the home.