NOT LISTED FOR SALE

115 N Madeira Ave Salinas, CA 93905

East Salinas Neighborhood
Studio
1 Bath
1,550 Sq Ft
6,098 Sq Ft Lot

Last Sold April 24, 2014

Last sale price $180,000 $116 Per Sq Ft

8 Days on Market

About This Home

As of April 2014

Fixer upper, great upside for any season investor.

Last Agent to Sell the Property

Omar Bitar

Executive Estates, Inc License #01883518 Listed on: 12/26/2013

Last Buyer's Agent

Omar Bitar

Executive Estates, Inc License #01883518 Listed on: 12/26/2013

Property Details

Home Type

  • Multi-Family

Year Built

  • 1942

Lot Details

  • 6,098

Parking

  • Uncovered Parking

Home Design

  • Triplex
  • Shake Roof

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $1,200
  • The owner pays for garbage, services - gardener/landscaping, water

Community Details

Overview

  • 3 Units
  • 1,550 Sq Ft Building

Building Details

  • Gardener Expense $200
  • Insurance Expense $300
  • Maintenance Expense $400
  • Manager Expense $100
  • Other Expense $100
  • Utility Expense $150
  • Trash Expense $100
  • Operating Expense $4,257
  • Gross Income $1,237

Property Details

Home Type

Multi-Family

Year Built

1942

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Zoning: r3
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 116.13
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1550
  • Special Features: 12
  • Property Sub Type: MultiFamily
  • Year Built: 1942

Interior Features

  • Living Sq Ft: 1550
  • Stories: 1
  • Laundry: Laundry - No

Exterior Features

  • Roof: Shake

Garage/Parking

  • Garage Parking Features: Uncovered Parking

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6000.00
  • Lot Size Area Min Search: 6000.00
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 159.20

Multi Family

  • Expense Insurance: 300
  • Expense Landscape: 200
  • Expense Maintenance: 400
  • Expense Management: 100
  • Expenses Other: 100
  • Expenses Total: 4257
  • Expenses Utility: 150
  • Expense Trash: 100
  • Expense Water Sewer: 400
  • Income Annual Gross: 1237.00
  • Income Annual Rental: 1200
  • Income Gross Scheduled: 1250
  • Income Includes: Laundry, Lease
  • Income Laundry: 50
  • Maximum Building Height: 1
  • Meters: Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Utilities - Water, Insurance, Maintenance - Laundry, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Services - Gardener/Landscaping, Water
  • Tenant Expenses: Utilities - Gas, Cable Tv
  • Vacancy Amount: 13
  • Vacancy Factor: 1
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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 List to Sale Price per Sq Ft
04/24/2014 04/24/14 Sold $180,000 -9.5% $116 / Sq Ft
01/03/2014 01/03/14 Pending -- -- --
12/26/2013 12/26/13 For Sale $199,000 -- $128 / Sq Ft
Source: MLSListings

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 $2,875 $245,163 $110,323 $134,840
2024 $2,875 $240,357 $108,160 $132,197
2023 $2,780 $235,645 $106,040 $129,605
2022 $2,676 $231,025 $103,961 $127,064
2021 $2,572 $226,496 $101,923 $124,573
2020 $2,502 $224,174 $100,878 $123,296
2019 $2,482 $219,779 $98,900 $120,879
2018 $2,449 $215,470 $96,961 $118,509
2017 $2,451 $211,246 $95,060 $116,186
2016 $2,453 $207,105 $93,197 $113,908
2015 $2,473 $203,995 $91,798 $112,197
2014 $1,701 $145,416 $91,841 $53,575
Source: Public Records

Agents Affiliated with this Home

  • O

    Seller's Agent in 2014

    Omar Bitar

    Executive Estates, Inc

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Map

Source: MLSListings

MLS Number: ML81343533

MLSListings

APN: 004-011-010

California Monterey County Salinas 93905 East Salinas

115 N Madeira Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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