NOT LISTED FOR SALE

1141 Fontes Ln Salinas, CA 93907

Boronda Neighborhood
6 Beds
4 Baths
4,627 Sq Ft
0.49 Acres

Last Sold May 19, 2017

Last sale price $595,000 $129 Per Sq Ft

77 Days on Market

Highlights

  • 0.49 Acre Lot
  • Carpet
  • 1-Story Property
  • Forced Air Heating System

About This Home

As of May 2017

Good investment opportunity. The list price for this parcel of land includes: residential duplex and a grocery store/market. The duplex was constructed in the early 90's. Unit B of the duplex was remodeled in Feb of this year (2016). The grocery store building was constructed in 1941. Current tenant/business owner upgraded the building in Jan 2014. Please do not disturb tenants or grocery store customers.

Last Agent to Sell the Property

Clay LeeHong

Peninsula Group Realty, Inc. License #01421538 Listed on: 12/13/2016

Last Buyer's Agent

Stella Rodriguez

Advantage Financial Services License #01335311

Property Details

Home Type

  • Multi-Family

Year Built

  • 1941

Lot Details

  • 0.49 Acre Lot

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,627 Sq Ft Home
  • 1-Story Property
  • Gas Oven
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $44,400
  • 24 Month Lease Term
  • Month-to-Month Lease Term
  • Renewal Option

Community Details

Overview

  • 4,627 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,000
  • Maintenance Expense $1,200
  • Manager Expense $2,500
  • Other Expense $100
  • Utility Expense $200
  • Operating Expense $8,259
  • Gross Income $43,512

Property Details

Home Type

Multi-Family

Year Built

1941

Lot Details

0

Parking

2

Listing Details

  • Zoning: LC-UR
  • Subclass: Duplex
  • Age: 75
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4627
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1941

Interior Features

  • Kitchen: Oven Range - Gas
  • Living Sq Ft: 4627
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.4900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 21344.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 21344.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, 2 Years Lease, Month To Month, Renewal Option
  • Gross Rent Multiplier: 14.08
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1000
  • Expense Maintenance: 1200
  • Expense Management: 2500
  • Expenses Other: 100
  • Expenses Total: 8259
  • Expenses Utility: 200
  • Income Annual Gross: 43512.00
  • Income Annual Rental: 44400
  • Income Gross Scheduled: 44400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 2

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2017 05/19/17 Sold $595,000 -4.8% $129 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
01/26/2017 01/26/17 For Sale $625,000 0.0% $135 / Sq Ft
12/27/2016 12/27/16 Pending -- -- --
12/13/2016 12/13/16 For Sale $625,000 -- $135 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2017

    Clay LeeHong

    Peninsula Group Realty, Inc.

    (831) 277-4434

    16 Total Sales

    Section Image
  • Stella Rodriguez

    Buyer's Agent in 2017

    Stella Rodriguez

    Advantage Financial Services

    (831) 229-2179

    1 in this area

    50 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81633778

MLSListings

California Monterey County Salinas 93907 Boronda

1141 Fontes Ln, Salinas, CA

This home is located at 1141 Fontes Ln, Salinas, CA 93907 since 13 December 2016. This property was built in 1941. 1141 Fontes Ln is a home located in Monterey County with nearby schools including Boronda Meadows Elementary School, Henry F. Kammann Elementary School, and Harden Middle School.

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