Seller's Agent in 2019
Raeid Farhat
Raeid Farhat Real Estate Inc
(831) 840-3902
1 in this area
101 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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 15, 2018
Closed on
Feb 25, 2019
Sold by
Bought by
Seller's Agent
Raeid Farhat
Raeid Farhat Real Estate Inc
Buyer's Agent
Renee Garner
Coldwell Banker Realty
List Price
$559,000
Sold Price
$545,000
Premium/Discount to List
-$14,000
-2.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
0.044%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 14, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
0.054%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 21, 2005
Sold by
Bought by
Purchase Details
Closed on
Aug 18, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
0.0699%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 29, 2004
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
0.0699%
Mortgage Type
Commercial
Purchase Details
Closed on
Oct 2, 2002
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $545,000 | First American Title Co | ||
| $600,000 | Chicago Title | ||
| -- | Chicago Title | ||
| -- | Chicago Title | ||
| $460,000 | Stewart Title | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $446,000 | ||
| Closed | $436,000 | ||
| Previous Owner | $417,000 | ||
| Previous Owner | $390,000 | ||
| Previous Owner | $368,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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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