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 Agent to Sell the Property

Norm Yop

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

Co-Listed By

Marilyn Shostak

Norm Yop, Inc., Realtors License #00895037

Last Buyer's Agent

Kyle Dalton

Carmel Bay Realty License #01915609

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
  • 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

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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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $11,726 $882,181 $432,972 $449,209
2024 $11,726 $864,884 $424,483 $440,401
2023 $11,512 $847,926 $416,160 $431,766
2022 $10,372 $831,300 $408,000 $423,300
2021 $10,373 $815,000 $400,000 $415,000
2020 $1,816 $126,976 $68,262 $58,714
2019 $1,857 $124,487 $66,924 $57,563
2018 $1,755 $122,047 $65,612 $56,435
2017 $1,813 $119,655 $64,326 $55,329
2016 $1,726 $117,310 $63,065 $54,245
2015 $1,712 $115,549 $62,118 $53,431
2014 $1,659 $113,287 $60,902 $52,385
Source: Public Records

Agents Affiliated with this Home

  • Norm Yop

    Seller's Agent in 2020

    Norm Yop

    Norm Yop, Inc., Realtors

    (831) 206-6310

    1 in this area

    62 Total Sales

    Norm Yop
    Section Image

  • M

    Seller Co-Listing Agent in 2020

    Marilyn Shostak

    Norm Yop, Inc., Realtors

    Section Image
  • Kyle Dalton

    Buyer's Agent in 2020

    Kyle Dalton

    Carmel Bay Realty

    (831) 915-1452

    1 in this area

    2 Total Sales

    Kyle Dalton
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81816409

MLSListings
California Monterey County Salinas 93905 East Salinas

176 Orchard Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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