NOT LISTED FOR SALE

1052 Del Monte Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $695,000 - $794,000

4 Beds
2 Baths
1,845 Sq Ft
$402/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $590,000 $320 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $4,567/month

9 Days on Market

Highlights

  • Guest Parking
  • Carpet
  • 1-Story Property

About This Home

As of July 2021

Your opportunity to own your own investment property. Just a little love would make these units go a long way. Hurry, they won't last.

Last Agent to Sell the Property

Nathan Frater

Frater Real Estate, Inc. License #01087535 Listed on: 06/19/2021

Last Buyer's Agent

Veronica Rubio

Remax Property Experts License #01904068

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1962

Lot Details

  • 8,398 Sq Ft Lot

Parking

  • 2 Car Garage
  • Guest Parking
  • On-Street Parking

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,845 Sq Ft Home
  • 1-Story Property
  • Gas Cooktop

Flooring

  • Carpet
  • Laminate

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $26,340

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $10
  • Insurance Expense $1,200
  • Maintenance Expense $10
  • Manager Expense $50
  • Other Expense $1
  • Utility Expense $1
  • Trash Expense $5
  • Operating Expense $4,024
  • Gross Income $26,340

Property Details

Home Type

Multi-Family

Year Built

1962

Lot Details

0

Parking

2

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1845
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1962

Interior Features

  • Kitchen: Cooktop - Gas
  • Living Sq Ft: 1845
  • Stories: 1
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Guest / Visitor Parking, On Street

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1928
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 20.88
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1200
  • Expense Landscape: 10
  • Expense Maintenance: 10
  • Expense Management: 50
  • Expenses Other: 1
  • Expenses Total: 4024
  • Expenses Utility: 1
  • Expense Trash: 5
  • Income Annual Gross: 26340.00
  • Income Annual Rental: 26340
  • Income Gross Scheduled: 26340
  • Meters: Separate Common Area, Separate Electric, Separate Gas, Separate Water
  • Operating Expenses Include: Maintenance
  • Tenant Expenses: All Expenses

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2021
Closed on
Jun 30, 2021
Sold by
Gutierrez Pedro Z and Gutierrez Silvia A
Bought by
Ramirez Miguel Rocha and Barahas Yesenia
Seller's Agent
Nathan Frater
Frater Real Estate, Inc.
Buyer's Agent
Veronica Rubio
Remax Property Experts
List Price
$550,000
Sold Price
$590,000
Premium/Discount to List
$40,000
7.27%
Current Estimated Value
$742,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,574
Avg. Annual Appreciation
5.22%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Ramirez Miguel Rocha $590,000 Chicago Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2021 07/12/21 Sold $590,000 +7.3% $320 / Sq Ft
06/29/2021 06/29/21 Pending -- -- --
06/19/2021 06/19/21 For Sale $550,000 -- $298 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

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 $8,209 $626,112 $350,198 $275,914
2024 $8,209 $613,836 $343,332 $270,504
2023 $8,059 $601,800 $336,600 $265,200
2022 $7,251 $590,000 $330,000 $260,000
2021 $2,777 $590,000 $330,000 $260,000
2020 $2,747 $215,914 $89,342 $126,572
2019 $2,832 $211,682 $87,591 $124,091
2018 $2,668 $207,532 $85,874 $121,658
2017 $2,769 $203,464 $84,191 $119,273
2016 $2,628 $199,476 $82,541 $116,935
2015 $2,605 $196,481 $81,302 $115,179
2014 $2,512 $192,633 $79,710 $112,923
Source: Public Records

Agents Affiliated with this Home

  • Nathan Frater

    Seller's Agent in 2021

    Nathan Frater

    Frater Real Estate, Inc.

    (831) 261-5742

    1 in this area

    19 Total Sales

    Nathan Frater
    Section Image
  • Veronica Rubio

    Buyer's Agent in 2021

    Veronica Rubio

    RE/MAX

    (831) 595-4654

    21 in this area

    78 Total Sales

    Veronica Rubio
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81849904

MLSListings

APN: 004-662-012-000

California Monterey County Salinas 93905 East Salinas

1052 Del Monte Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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