NOT LISTED FOR SALE

Estimated Value: $894,000 - $1,095,000

6 Beds
4 Baths
2,530 Sq Ft
$382/Sq Ft Est. Value

Last Sold July 07, 2022

Last sale price $840,000 $332 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,212/month

8 Days on Market

Highlights

  • Balcony
  • Forced Air Heating System
  • Level Lot
  • Double Pane Windows
  • Fenced
  • Carpet

About This Home

As of July 2022

Rare opportunity indeed, a large duplex in a great South Salinas location! The Los Olivos neighborhood is conveniently close to shopping, restaurants, and schools. Commuters will especially appreciate not having to fight through "in town" traffic to hit HWY 68 heading to the Monterey Peninsula, HWY 1 N&S and HWY 101 N&S. Perfect property for an owner to live in one and have a renter pay for expenses, perfect for an extended family, or perfect for straight rental income investment. Newer stucco siding and double paned windows. Lots of options for you here!

Last Agent to Sell the Property

Pete Deoudes

Coldwell Banker Realty License #00880679 Listed on: 05/30/2022

Coldwell Banker Realty

Last Buyer's Agent

Hui Wang

Shen's Management & Sales Inc License #01849118

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,325

Year Built

  • 1972

Lot Details

  • 7,475 Sq Ft Lot
  • Fenced
  • Level Lot
  • Back Yard

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,530 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Range Hood
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 4 Carport Spaces
  • On-Street Parking
  • Uncovered Parking

Outdoor Features

  • Balcony

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $14,400

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $1,072
  • Utility Expense $148
  • Operating Expense $4,125
  • Gross Income $14,112

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,325

Year Built

1972

Lot Details

0

Listing Details

  • Zoning: R-M-2.9
  • Subclass: Duplex
  • Age: 50
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2530
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1972

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Gas, Countertop - Laminate, Exhaust Fan, Hood Over Range, Hookups - Gas, Oven - Gas, Oven Range, Oven Range - Gas
  • Living Sq Ft: 2530
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

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

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Carport, On Street, Uncovered Parking
  • Carport Min: 4

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1716
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7476.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7476.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 55.49
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 1072
  • Expenses Total: 4125
  • Expenses Utility: 148
  • Income Annual Gross: 14112.00
  • Income Annual Rental: 14400
  • Income Gross Scheduled: 14400
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Accounting/Legal, Contract Services, Depreciation, Equipment - Purchase, Fee - Property Tax, Fee - Rent/Lease, Insurance, Maintenance, Maintenance - Capital Improvements, Services - Sewer
  • Tenant Expenses: Maintenance - Exterior, Maintenance - Interior, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2012
Sold by
Jones Harold O and Jones Marjorie K
Bought by
Jones Harold and Jones Marjorie Kay
Current Estimated Value
$966,903
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Jones Harold -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Harold O $97,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $840,000 +5.1% $332 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/30/2022 05/30/22 For Sale $799,000 -- $316 / 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 $11,325 $873,936 $416,160 $457,776
2024 $11,325 $856,800 $408,000 $448,800
2023 $9,329 $840,000 $400,000 $440,000
2022 $3,037 $840,000 $400,000 $440,000
2021 $2,905 $257,912 $81,155 $176,757
2020 $2,837 $255,268 $80,323 $174,945
2019 $2,818 $250,264 $78,749 $171,515
2018 $2,778 $245,357 $77,205 $168,152
2017 $2,840 $240,547 $75,692 $164,855
2016 $2,739 $235,831 $74,208 $161,623
2015 $2,749 $232,290 $73,094 $159,196
2014 $2,613 $227,741 $71,663 $156,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81893252

MLSListings

APN: 207-162-019-000