NOT LISTED FOR SALE

127 S Madeira Ave Salinas, CA 93905

East Salinas Neighborhood
3 Beds
3 Baths
1,616 Sq Ft
5,998 Sq Ft Lot

Last Sold September 25, 2023

Last sale price $730,000 $452 Per Sq Ft

9 Days on Market

About This Home

As of September 2023

Fantastic investmen opportunity, front house is a 3 bedroom 1 bath home in great like new condition with dual paned windows, comp roof, newer interior flooring thru out, newer paint in and out, long driveway that opens up to ample off street parking, recently re-surfaced black top, the duplex in the rear of the property consists of 2 studio units also with dual paned windows and comp roof and newer paint. This is a great investment. Live in the front unit and let the duplex help with your mortgage or rent them all as an investment.

Last Agent to Sell the Property

Alfred Ramirez

Ramirez Properties License #01095452 Listed on: 08/12/2023

Last Buyer's Agent

Giovanni Amador

Compass License #02124479

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 5,998

Home Design

  • 1,616 Sq Ft Home
  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Parking

  • 6 Parking Spaces
  • No Garage
  • On-Street Parking
  • Off-Street Parking

Additional Features

  • 5,998 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $40,440

Community Details

Overview

  • 1,616 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,000
  • Operating Expense $3,470
  • Gross Income $40,440

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

0

Listing Details

  • Zoning: Multi
  • Subclass: Triplex
  • Age: 73
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1616
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Living Sq Ft: 1616

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: No Garage, Off-Street Parking, On Street, Parking Area

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1377
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.19
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expenses Total: 3470
  • Income Annual Gross: 40440.00
  • Income Annual Rental: 40440
  • Income Gross Scheduled: 40440
  • Meters: Separate Electric
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Sewer, Utilities - Gas, Utilities - Water
  • Tenant Expenses: Utilities - Electric

Range of Values:

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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
09/25/2023 09/25/23 Sold $730,000 +5.0% $452 / Sq Ft
08/22/2023 08/22/23 Pending -- -- --
08/12/2023 08/12/23 For Sale $695,000 -- $430 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Alfred Ramirez

    Seller's Agent in 2023

    Alfred Ramirez

    Ramirez Properties

    (831) 443-1515

    15 in this area

    85 Total Sales

    Section Image

  • G

    Buyer's Agent in 2023

    Giovanni Amador

    Compass

    (408) 258-1111

    1 in this area

    13 Total Sales

    Section Image
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Map

Source: MLSListings

MLS Number: ML81938219

MLSListings

APN: 004-011-006-000

California Monterey County Salinas 93905 East Salinas

127 S Madeira Ave, Salinas, CA

This home is located at 127 S Madeira Ave, Salinas, CA 93905 since 12 August 2023. This property was built in 1950. 127 S Madeira Ave is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

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