Seller's Agent in 2019
Raeid Farhat
Raeid Farhat Real Estate Inc
(831) 840-3902
1 in this area
114 Total Sales
1022 Mohar St Salinas, CA 93905
East Salinas Neighborhood
4
Beds
5
Baths
1,992
Sq Ft
7,200
Sq Ft Lot
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
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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 Compared to Growth
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
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