NOT LISTED FOR SALE
5 Beds
3 Baths
1,998 Sq Ft
5,859 Sq Ft Lot Lot

Sale Details

Date Sold: August 26, 2020

Last sale price $615,000 $308 Per Sq Ft

4 Days on Market

Highlights

  • Cottage
  • Washer and Dryer
  • Carpet
  • Tandem Parking
  • Level Lot
  • 1-Story Property

About This Home

As of August 2020

Great opportunity to own 3 units in South Salinas. Investment income or live in one and rent the others . Two 2 bedroom 1 bath units and One 1 bedroom 1 bath unit with extra storage.Convenient location to restaurants, shopping, and schools.3 uncovered parking (2 in front of duplex) and a 20 x 20 covered carport. Well maintained. All have dual paned windows and kitchen appliance. All units are currently tenant occupied. Please do not disturb tenants. Currently not showing due to Shelter in Place order.

Last Agent to Sell the Property

Norm Yop

Norm Yop, Inc., Realtors License #00407139 Listed on: 04/13/2020

Co-Listed By

Marsa Hansen

Norm Yop, Inc., Realtors License #01065885

Last Buyer's Agent

Immanuel Munoz

Premier Realty Associates License #01870993

Premier Realty Associates

Property Details

Home Type

  • Multi-Family

Year Built

  • 1950

Lot Details

  • 5,859 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Cottage
  • Bungalow
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,998 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer

Kitchen

  • Oven or Range
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Parking Spaces
  • 3 Carport Spaces
  • No Garage
  • Tandem Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $39,214

Community Details

Overview

  • 1,998 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $650
  • Insurance Expense $1,684
  • Maintenance Expense $2,045
  • Manager Expense $2,280
  • Other Expense $2,033
  • Trash Expense $930
  • Operating Expense $13,286
  • Gross Income $39,214

Property Details

Home Type

Multi-Family

Year Built

1950

Lot Details

5,859 Sq Ft Lot

Listing Details

  • Zoning: Mixed Use
  • Subclass: Triplex
  • Style: Bungalow, Cottage, Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1998
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1950

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Laminate, Exhaust Fan, Garbage Disposal, Hookups - Gas, Oven Range
  • Living Sq Ft: 1998
  • Stories: 1
  • Laundry: Washer/Dryer - Some Units
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Pillars / Posts / Piers
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Common Parking Area, No Garage, Off-Street Parking, Tandem Parking
  • Carport Min: 3

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1345
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5857.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5857.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 16.58
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1684
  • Expense Landscape: 650
  • Expense Maintenance: 2045
  • Expense Management: 2280
  • Expenses Other: 2033
  • Expenses Total: 13286
  • Expense Trash: 930
  • Income Annual Gross: 39214.00
  • Income Annual Rental: 39214
  • Income Gross Scheduled: 39214
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Maintenance - Repair, Services - Gardener, Services - Sewer
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Water
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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 List to Sale Price per Sq Ft
08/26/2020 08/26/20 Sold $615,000 -5.4% $308 / Sq Ft
04/18/2020 04/18/20 Pending -- -- --
04/13/2020 04/13/20 For Sale $650,000 -- $325 / 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 $7,638 $665,694 $324,729 $340,965
2024 $7,638 $652,642 $318,362 $334,280
2023 $7,381 $639,846 $312,120 $327,726
2022 $7,108 $627,300 $306,000 $321,300
2021 $6,828 $615,000 $300,000 $315,000
2020 $3,692 $335,594 $100,922 $234,672
2019 $3,665 $329,015 $98,944 $230,071
2018 $3,618 $322,564 $97,004 $225,560
2017 $3,622 $316,240 $95,102 $221,138
2016 $3,625 $310,040 $93,238 $216,802
2015 $3,656 $305,384 $91,838 $213,546
2014 $3,413 $299,403 $90,040 $209,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81789280

MLSListings
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