NOT LISTED FOR SALE

108 Martella St Salinas, CA 93901

East Salinas Neighborhood

Estimated Value: $820,000 - $830,576

5 Beds
3 Baths
2,799 Sq Ft
$295/Sq Ft Est. Value

Sale Details

Date Sold: May 3, 2021

Last sale price $690,000 $247 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,719 / mo

3 Days on Market

About This Home

As of May 2021

Great investment opportunity in south salinas! There is a duplex and a single family home on a large double lot. The duplex units are both 820 sqft and feature 2 bedrooms and 1 bath per unit and each have an attached single car garage. The duplex was built in 1945 and was remodeled in 2010. The single family home features 1 bedroom and 1 bathroom with an additional bonus room and basement downstairs. Units are fully occupied and there should be some upside with rents. This will be a solid return on your investment.

Last Agent to Sell the Property

Sean Griffin

Agency One Real Estate License #01466508 Listed on: 01/29/2021

Last Buyer's Agent

Juliang He

Advantage Financial Services License #01869380

Property Details

Home Type

  • Multi-Family

Year Built

  • 1945

Lot Details

  • 0.25

Parking

  • 2 Car Garage
  • Off-Site Parking

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,799 Sq Ft Home
  • 1-Story Property

Additional Features

  • 11,047 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $57,024

Community Details

Overview

  • 2,799 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $882
  • Maintenance Expense $1,500
  • Manager Expense $2,815
  • Utility Expense $985
  • Operating Expense $14,582
  • Gross Income $58,041

Property Details

Home Type

Multi-Family

Year Built

1945

Lot Details

0.25 Acres

Parking

2

Listing Details

  • Zoning: MDR
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2799
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1945

Interior Features

  • Living Sq Ft: 2799
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition, Tar And Gravel

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Off-Site Parking

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.2536
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11046.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11046.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.06
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 882
  • Expense Maintenance: 1500
  • Expense Management: 2815
  • Expenses Total: 14582
  • Expenses Utility: 985
  • Income Annual Gross: 58041.00
  • Income Annual Rental: 57024
  • Income Gross Scheduled: 58041
  • Income Includes: Parking
  • Income Other: 1017
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Maintenance - Repair, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water

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

Closed on
Feb 18, 2023
Sold by
Bought by
Current Estimated Value
$825,288

Purchase Details

Listed on
Jan 29, 2021
Closed on
Apr 3, 2021
Sold by
Bought by
Seller's Agent
Sean Griffin
Agency One Real Estate
Buyer's Agent
Juliang He
Advantage Financial Services
List Price
$700,000
Sold Price
$690,000
Premium/Discount to List
-$10,000
-1.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.55%
Original Mortgage
$330,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 3, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 2008
Sold by
Bought by
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

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
-- --
$690,000 Chicago Title Company
-- None Available
$150,000 Old Republic Title Company
$293,250 Accommodation
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
Previous Owner $330,000
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
05/03/2021 05/03/21 Sold $690,000 -1.4% $247 / Sq Ft
02/02/2021 02/02/21 Pending -- -- --
01/29/2021 01/29/21 For Sale $700,000 -- $250 / 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 $3,134 $270,606 $151,540 $119,066
2024 $3,134 $265,301 $148,569 $116,732
2023 $3,028 $260,100 $145,656 $114,444
2022 $2,914 $255,000 $142,800 $112,200
2021 $708 $250,000 $140,000 $110,000
2020 $689 $59,005 $23,601 $35,404
2019 $681 $57,849 $23,139 $34,710
2018 $670 $56,716 $22,686 $34,030
2017 $670 $55,605 $22,242 $33,363
2016 $670 $54,515 $21,806 $32,709
2015 $675 $53,697 $21,479 $32,218
2014 $633 $52,646 $21,059 $31,587
Source: Public Records

Agents Affiliated with this Home

  • Sean Griffin

    Seller's Agent in 2021

    Sean Griffin

    Agency One Real Estate

    (831) 262-1955

    1 in this area

    45 Total Sales

    Sean Griffin
    Section Image

  • J

    Buyer's Agent in 2021

    Juliang He

    Advantage Financial Services

    (831) 442-7580

    1 in this area

    8 Total Sales

    Juliang He
    Section Image
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Map

Source: MLSListings

MLS Number: ML81827695

MLSListings

APN: 003-141-021-000

California Monterey County Salinas 93901 East Salinas

108 Martella St, Salinas, CA

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