NOT LISTED FOR SALE

1155 Alma Ave Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $524,486 - $716,000

5 Beds
2 Baths
1,624 Sq Ft
$389/Sq Ft Est. Value

Last Sold March 27, 2020

Last sale price $425,000 $262 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,863/month

8 Days on Market

Highlights

  • 1 Car Detached Garage
  • 1-Story Property
  • 3-minute walk to Closter Park

About This Home

As of March 2020

Great investment property with nice income potential! 3BR/1BA front house and 2BR/1BA back unit. Total monthly income is $3,000/mo. Cash only due to condition

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 03/04/2020

Last Buyer's Agent

Dale Handley

Town'N Country Realty License #01280498 Listed on: 03/04/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • 1946

Lot Details

  • 7,401

Parking

  • 1 Car Detached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,624 Sq Ft Home
  • 1-Story Property

Additional Features

  • 7,401 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $36,000

Community Details

Overview

  • 1,624 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $1,200
  • Maintenance Expense $1,000
  • Utility Expense $1,000
  • Operating Expense $9,037
  • Gross Income $36,000

Property Details

Home Type

Multi-Family

Year Built

1946

Lot Details

0

Parking

1

Listing Details

  • Zoning: R-1
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1624
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1946

Interior Features

  • Living Sq Ft: 1624
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1699
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7400.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7400.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.47
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1200
  • Expense Maintenance: 1000
  • Expenses Total: 9037
  • Expenses Utility: 1000
  • Income Annual Gross: 36000.00
  • Income Annual Rental: 36000
  • Income Gross Scheduled: 36000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 20, 2021
Sold by
Thomassin Michelle
Bought by
Vega Fernando and Thomassin Michelle
Current Estimated Value
$632,372

Purchase Details

Closed on
Mar 5, 2021
Sold by
Vega Fernando
Bought by
Thomassin Fabrice

Purchase Details

Listed on
Mar 4, 2020
Closed on
Mar 24, 2020
Sold by
Flores Investments Llc
Bought by
Thomassin Michelle and Vega Fermando
Seller's Agent
Dale Handley
Town'N Country Realty
Buyer's Agent
Dale Handley
Town'N Country Realty
List Price
$449,000
Sold Price
$425,000
Premium/Discount to List
-$24,000
-5.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.08%

Purchase Details

Closed on
Mar 26, 2014
Sold by
Flores Brothers Investments Lp
Bought by
Flores Investments Llc and Holdem Investments Lp

Purchase Details

Closed on
Dec 19, 2013
Sold by
Molina Frank R
Bought by
Flores Brothers Investments Lp and Sellem Investments Inc

Purchase Details

Closed on
Dec 27, 2007
Sold by
Peralez Josefina R and Peralez Nicanor
Bought by
Molina Frank R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,600
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2007
Sold by
Molina Anette
Bought by
Molina Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$393,600
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2006
Sold by
Peralez Josefina R and Peralez Nicanor
Bought by
Peralez Nicanor and Peralez Josefina R

Purchase Details

Closed on
Jul 14, 2003
Sold by
Peralez Nicanor and Peralez Josefina R
Bought by
Peralez Nicanor and Peralez Josefina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$243,000
Interest Rate
5.18%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Mar 8, 1999
Sold by
Valdovinos Austreverto and Valdovinos Estela P
Bought by
Peralez Nicanor and Peralez Josefina R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,620
Interest Rate
6.7%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 9, 1996
Sold by
Bigham Jason S and Bigham Lori
Bought by
Valdovinos Austreberto and Valdovinos Estela P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
7.41%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Vega Fernando -- None Available
Thomassin Fabrice -- Chicago Title
Thomassin Michelle $425,000 Chicago Title Company
Flores Investments Llc -- None Available
Flores Brothers Investments Lp $230,000 None Available
Molina Frank R -- Old Republic Title Company
Molina Frank -- Old Republic Title Company
Peralez Nicanor -- None Available
Molina Francisco R -- None Available
Peralez Josefina R -- None Available
Peralez Nicanor -- Fidelity Title
Peralez Nicanor $153,000 First American Title
Valdovinos Austreberto $145,000 Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Molina Frank R $393,600
Previous Owner Peralez Nicanor $243,000
Previous Owner Peralez Nicanor $148,620
Previous Owner Valdovinos Austreberto $130,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $425,000 -5.3% $262 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
03/04/2020 03/04/20 For Sale $449,000 -- $276 / 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 $6,683 $509,060 $247,746 $261,314
2024 $6,683 $499,080 $242,889 $256,191
2023 $6,561 $489,295 $238,127 $251,168
2022 $5,397 $489,295 $238,127 $251,168
2021 $5,400 $429,402 $186,916 $242,486
2020 $3,264 $257,802 $112,087 $145,715
2019 $3,367 $252,748 $109,890 $142,858
2018 $3,175 $247,793 $107,736 $140,057
2017 $3,295 $242,935 $105,624 $137,311
2016 $3,127 $238,172 $103,553 $134,619
2015 $3,100 $234,595 $101,998 $132,597
2014 $2,988 $230,000 $95,000 $135,000
Source: Public Records

Agents Affiliated with this Home

  • Dale Handley

    Seller's Agent in 2020

    Dale Handley

    Town'N Country Realty

    (831) 424-0001

    4 in this area

    98 Total Sales

    Dale Handley
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Map

Source: MLSListings

MLS Number: ML81785267

MLSListings

APN: 004-292-008-000

California Monterey County Salinas 93905 East Salinas

1155 Alma Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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