NOT LISTED FOR SALE

176 Orchard Ave Salinas, CA 93905

East Salinas Neighborhood
5 Beds
4 Baths
1,728 Sq Ft
0.43 Acres

Last Sold December 16, 2020

Last sale price $815,000 $472 Per Sq Ft

21 Days on Market

About This Home

As of December 2020

This listing consists of house #1 932 Del Monte Ave, house #2 926 Del Monte Ave and 2 duplexes at 176 Orchard Avenue. All units situated on 1 lot. Great investment opportunity. Property is located close to shopping and schools. Potential to add additional units.

Last Listed By

Norm Yop

Norm Yop, Inc., Realtors License #00407139 Listed on: 10/19/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • 0.43

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,728 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • No Garage

Additional Features

  • 0.43 Acre Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $70,250

Community Details

Overview

  • 1,728 Sq Ft Building

Building Details

  • 6 Leased Units
  • Insurance Expense $1,715
  • Maintenance Expense $7,200
  • Other Expense $3,545
  • Utility Expense $7,374
  • Trash Expense $1,967
  • Operating Expense $23,555
  • Gross Income $70,250

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Listing Details

  • Zoning: R M
  • Subclass: Multiple Dwellings / Structures
  • Age: 81
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1728
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Living Sq Ft: 1728
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: No Garage

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.4299
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 18726.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 18726.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.74
  • Number Of Leased: 6

Multi Family

  • Utilities: Natural Gas, Public Utilities
  • Expense Insurance: 1715
  • Expense Maintenance: 7200
  • Expenses Other: 3545
  • Expenses Total: 23555
  • Expenses Utility: 7374
  • Expense Trash: 1967
  • Income Annual Gross: 70250.00
  • Income Annual Rental: 70250
  • Income Gross Scheduled: 70250
  • Meters: Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Maintenance - Exterminator, Maintenance - Repair, Services - Trash Removal, Supplies, Utilities - Electric, Utilities - Hot Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Water

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
12/16/2020 12/16/20 Sold $815,000 -8.9% $472 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
10/19/2020 10/19/20 For Sale $895,000 -- $518 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Norm Yop

    Seller's Agent in 2020

    Norm Yop

    Norm Yop, Inc., Realtors

    (831) 206-6310

    2 in this area

    72 Total Sales

    Norm Yop
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Marilyn Shostak

    Norm Yop, Inc., Realtors

    (831) 594-4797

    4 in this area

    21 Total Sales

    Section Image
  • Kyle Dalton

    Buyer's Agent in 2020

    Kyle Dalton

    Carmel Bay Realty

    (831) 915-1452

    2 in this area

    5 Total Sales

    Kyle Dalton
    Section Image
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Map

Source: MLSListings

MLS Number: ML81816409

MLSListings

California Monterey County Salinas 93905 East Salinas

176 Orchard Ave, Salinas, CA

Homes for Sale in Salinas, CA

This home is located at 176 Orchard Ave, Salinas, CA 93905 since 19 October 2020. This property was built in 1939. 176 Orchard Ave is a home located in Monterey County with nearby schools including Dr. Martin Luther King, Jr. Academy, La Paz Middle School, and Alisal High School.

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