NOT LISTED FOR SALE
7 Beds
4 Baths
2,447 Sq Ft
6,599 Sq Ft Lot

Last Sold November 09, 2020

Last sale price $750,000 $306 Per Sq Ft

12 Days on Market

About This Home

As of November 2020

Opportunity is knocking! Four unit income property has three vacant units that are in move-in ready condition. Front unit is a one bedroom one bath unit that is rented. The three vacant units are two bedroom one bath units. There is a large community laundry area for your convenience. Spacious parking area. Live in one and rent the others. Many possibilities!

Last Agent to Sell the Property

Sergio Ceja

Remax Property Experts License #01891543 Listed on: 09/17/2020

Remax Property Experts

Last Buyer's Agent

Sergio Ceja

Remax Property Experts License #01891543 Listed on: 09/17/2020

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1943

Lot Details

  • 6,599 Sq Ft Lot

Home Design

  • Quadruplex
  • Raised Foundation
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,447 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Parking

  • 4 Parking Spaces
  • On-Street Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $8,400

Community Details

Overview

  • 2,447 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Operating Expense $1,176
  • Gross Income $8,400

Property Details

Home Type

Multi-Family

Year Built

1943

Lot Details

0

Listing Details

  • Zoning: RL 5.5
  • Subclass: Fourplex
  • Age: 77
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2447
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Living Sq Ft: 2447
  • Stories: 1
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Slab, Raised
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: On Street, Parking Area

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1515
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6600.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 86.19
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expenses Total: 1176
  • Income Annual Gross: 8400.00
  • Income Annual Rental: 8400
  • Income Gross Scheduled: 8400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Loan - Mortgage, Services - Sewer
  • Tenant Expenses: All Expenses

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
11/09/2020 11/09/20 Sold $750,000 +3.6% $306 / Sq Ft
09/30/2020 09/30/20 Pending -- -- --
09/17/2020 09/17/20 For Sale $724,000 -- $296 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81811387

MLSListings