NOT LISTED FOR SALE
5 Beds
5 Baths
2,402 Sq Ft
6,499 Sq Ft Lot

Last Sold November 05, 2021

Last sale price $870,000 $362 Per Sq Ft

21 Days on Market

Highlights

  • Deck
  • Tile Countertops
  • Tile Flooring
  • High Ceiling
  • Laundry Room
  • Forced Air Heating System

About This Home

As of November 2021

Great South Salinas Multi Unit opportunity! Property consists of a three bedroom, three bath house and a duplex that has one bedroom and one bath each. All units are rented and property has a long term rental history. Located in a nice area that is close to many Salinas locations including Hartnell College. This property has been professionally managed for several years with excellent records. Great investment opportunity.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 08/16/2021

Last Buyer's Agent

Bill Backus

Backus Properties License #01332230 Listed on: 08/16/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Lot Details

  • 6,499 Sq Ft Lot
  • Fenced
  • Back Yard

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,402 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan

Kitchen

  • Gas Oven
  • Dishwasher
  • Tile Countertops
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 2 Parking Spaces
  • Varies By Unit
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Total Actual Rent $58,980
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,402 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $3,780
  • Insurance Expense $1,637
  • Maintenance Expense $8,159
  • Manager Expense $4,202
  • Other Expense $890
  • Utility Expense $1,565
  • Trash Expense $1,219
  • Operating Expense $25,759
  • Gross Income $57,211

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Zoning: multi
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2402
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Kitchen: Countertop - Laminate, Countertop - Tile, Dishwasher, Exhaust Fan, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2402
  • Stories: 1
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Deck, Fenced

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Off-Street Parking, On Street, Varies By Unit

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Central Forced Air - Gas, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease(s), Month To Month, Security Deposit
  • Gross Rent Multiplier: 16.11
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1637
  • Expense Landscape: 3780
  • Expense Maintenance: 8159
  • Expense Management: 4202
  • Expenses Other: 890
  • Expenses Total: 25759
  • Expenses Utility: 1565
  • Expense Trash: 1219
  • Income Annual Gross: 57211.00
  • Income Annual Rental: 58980
  • Income Gross Scheduled: 58980
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 3
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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
11/05/2021 11/05/21 Sold $870,000 -8.4% $362 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $950,000 -- $396 / 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 $10,590 $923,250 $397,953 $525,297
2024 $10,590 $905,148 $390,150 $514,998
2023 $10,233 $887,400 $382,500 $504,900
2022 $9,849 $870,000 $375,000 $495,000
2021 $4,429 $394,939 $133,450 $261,489
2020 $4,307 $390,890 $132,082 $258,808
2019 $4,275 $383,227 $129,493 $253,734
2018 $4,217 $375,713 $126,954 $248,759
2017 $4,220 $368,347 $124,465 $243,882
2016 $4,224 $361,125 $122,025 $239,100
2015 $4,260 $355,702 $120,193 $235,509
2014 $3,977 $348,735 $117,839 $230,896
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81858577

MLSListings

APN: 002-161-002