NOT LISTED FOR SALE

1270 San Blanco Dr Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $902,000 - $982,104

4 Beds
4 Baths
2,311 Sq Ft
$406/Sq Ft Est. Value

Last Sold May 10, 2022

Last sale price $895,000 $387 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,705/month

14 Days on Market

Highlights

  • Ranch Style House
  • 2 Car Attached Garage
  • Forced Air Heating System
  • Balcony
  • Tile Flooring
  • Courtyard

About This Home

As of May 2022

A solid income producing rental property in a great Salinas neighborhood. The property is in great condition, professionally managed, fully occupied and the 2 bed / 2 bath plus garage units are very hard to find in today's market. The apartments are very spacious, open and bright with separate patio areas. You could live in one and rent the other or continue to rent both. Both tenants wish to stay. The owner has not hesitated to properly maintain and make improvements throughout their ownership and this is reflected in the excellent condition of these homes today. Drive-by only. Do not disturb the tenants. The pictures were taken over a year ago.

Last Agent to Sell the Property

Tom Rigdon

Thomas Rigdon, Broker License #01354875 Listed on: 03/31/2022

Last Buyer's Agent

Rose Clark

Monterey Coast Realty License #01271886

Monterey Coast Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1972

Lot Details

  • 8,067 Sq Ft Lot
  • Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage

Home Design

  • 2,311 Sq Ft Home
  • Duplex
  • Ranch Style House
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Flooring

  • Carpet
  • Laminate
  • Tile

Utilities

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

Additional Features

  • Washer and Dryer Hookup
  • Balcony

Listing and Financial Details

  • Total Actual Rent $54,150

Community Details

Overview

Amenities

  • Courtyard

Building Details

  • 2 Leased Units
  • Gardener Expense $1,100
  • Insurance Expense $1,305
  • Maintenance Expense $590
  • Manager Expense $4,332
  • Utility Expense $2,228
  • Operating Expense $16,491
  • Gross Income $55,811

Property Details

Home Type

Multi-Family

Year Built

1972

Lot Details

8,067 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: Multi
  • Subclass: Duplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2311
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: 220 Volt Outlet
  • Living Sq Ft: 2311
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Tile

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • Yard/Grounds: Balcony / Patio, Courtyard, Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1852
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8066.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8066.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written
  • Gross Rent Multiplier: 15.59
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1305
  • Expense Landscape: 1100
  • Expense Maintenance: 590
  • Expense Management: 4332
  • Expenses Total: 16491
  • Expenses Utility: 2228
  • Income Annual Gross: 55811.00
  • Income Annual Rental: 54150
  • Income Gross Scheduled: 56375
  • Income Includes: Rents
  • Income Other: 2225
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
May 5, 2022
Sold by
Rosenbaum/Guenat 2020 Revocable Trust
Bought by
2019 Srmddm Revocable Trust
Seller's Agent
Tom Rigdon
Thomas Rigdon, Broker
Buyer's Agent
Rose Clark
Monterey Coast Realty
List Price
$879,000
Sold Price
$895,000
Premium/Discount to List
$16,000
1.82%
Current Estimated Value
$937,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,526
Avg. Annual Appreciation
1.24%
Original Mortgage
$671,250
Outstanding Balance
$628,496
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$309,030

Purchase Details

Listed on
Sep 15, 2017
Closed on
Sep 29, 2017
Sold by
Comerica Bank & Trust
Bought by
Revoca Rosenbaum Stuart H
Seller's Agent
Tammy Creel
Century 21 A Property Shoppe
Buyer's Agent
Tom Rigdon
Realty World-Next Generation
List Price
$575,000
Sold Price
$600,000
Premium/Discount to List
$25,000
4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.12%

Purchase Details

Closed on
Jun 16, 1999
Sold by
Sloan Stephanie C
Bought by
Sloan Stephanie Claire
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
2019 Srmddm Revocable Trust $895,000 Old Republic Title
Rosenbaum/Guenat 2020 Revocable Trust -- Old Republic Title
Revoca Rosenbaum Stuart H $600,000 Old Republic Title Company
Sloan Stephanie Claire -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 2019 Srmddm Revocable Trust $671,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2022 05/10/22 Sold $895,000 +1.8% $387 / Sq Ft
04/15/2022 04/15/22 Pending -- -- --
03/31/2022 03/31/22 For Sale $879,000 +46.5% $380 / Sq Ft
10/11/2017 10/11/17 Sold $600,000 +4.3% $260 / Sq Ft View Prior Sale
09/28/2017 09/28/17 Pending -- -- --
09/15/2017 09/15/17 For Sale $575,000 -- $249 / 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 $10,505 $949,780 $424,483 $525,297
2024 $10,505 $931,158 $416,160 $514,998
2023 $10,128 $912,900 $408,000 $504,900
2022 $7,339 $895,000 $400,000 $495,000
2021 $7,018 $630,706 $278,562 $352,144
2020 $6,855 $624,240 $275,706 $348,534
2019 $6,816 $612,000 $270,300 $341,700
2018 $6,724 $600,000 $265,000 $335,000
2017 $1,309 $115,599 $20,582 $95,017
2016 $1,262 $113,333 $20,179 $93,154
2015 $1,265 $111,631 $19,876 $91,755
2014 $1,203 $109,445 $19,487 $89,958
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tom Rigdon

    Thomas Rigdon, Broker

    (408) 710-4226

    1 in this area

    12 Total Sales

    Tom Rigdon
    Section Image

  • R

    Buyer's Agent in 2022

    Rose Clark

    Monterey Coast Realty

    Section Image

  • T

    Seller's Agent in 2017

    Tammy Creel

    Century 21 A Property Shoppe

    Section Image
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Map

Source: MLSListings

MLS Number: ML81884861

MLSListings

APN: 207-161-010-000

California Monterey County Salinas 93901 South Salinas

1270 San Blanco Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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