NOT LISTED FOR SALE

2 Cassidy St Salinas, CA 93901

South Salinas Neighborhood
5 Beds
4 Baths
2,348 Sq Ft
6,534 Sq Ft Lot

Last Sold February 15, 2013

Last sale price $460,000 $196 Per Sq Ft

14 Days on Market

Highlights

  • Deck
  • Guest Parking
  • Wall to Wall Carpet
  • Neighborhood Views

About This Home

As of February 2013

Fabulous investment opportunity in south Salinas. 4 unit complex (3) two bedroom units and (1) 1 bedroom unit, all with off street parking close to shopping, schools and many amenities. This is a rare find.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 12/26/2012

Last Buyer's Agent

Bill Backus

Backus Properties License #01332230 Listed on: 12/26/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1910

Lot Details

  • 6,534

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,348 Sq Ft Home
  • 2-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Laminate

Parking

  • Guest Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Deck
  • Sprinkler System

Listing and Financial Details

  • Total Actual Rent $42,585
  • The owner pays for electric, garbage, services - gardener/landscaping
  • Month-to-Month Lease Term

Community Details

Overview

  • 4 Units
  • 2,348 Sq Ft Building

Building Details

  • Gardener Expense $2,400
  • Maintenance Expense $3,249
  • Manager Expense $3,447
  • Other Expense $850
  • Utility Expense $98
  • Trash Expense $441
  • Operating Expense $15,870
  • Gross Income $40,456

Property Details

Home Type

Multi-Family

Year Built

1910

Lot Details

0

Listing Details

  • Zoning: Resid
  • Subclass: Fourplex
  • Sale Price Per Sq Ft: 195.91
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 2348
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 2348
  • Stories: 2
  • Laundry: Laundry - No
  • Flooring: Laminate, Carpet - Wall To Wall, Carpet

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn, Deck

Garage/Parking

  • Garage Parking Features: Guest / Visitor Parking, Off-Street Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 6500.00
  • Lot Size Area Min Search: 6500.00
  • Maximum Lot Size: 6500.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month, 1 Year Lease
  • Gross Rent Multiplier: 10.33

Multi Family

  • Expense Landscape: 2400
  • Expense Maintenance: 3249
  • Expense Management: 3447
  • Expenses Other: 850
  • Expenses Total: 15870
  • Expenses Utility: 98
  • Expense Trash: 441
  • Expense Water Sewer: 1892
  • Income Annual Gross: 40456.00
  • Income Annual Rental: 42585
  • Income Gross Scheduled: 42585
  • Income Includes: Lease
  • Maximum Building Height: 2
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 2
  • Number Of Buildings: 2
  • Operating Expenses Include: Utilities - Electric, Services - Trash Removal, Services - Gardener, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Services - Sewer, Vacancy Factor, Utilities - Water
  • Owner Pays: Electric, Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Cable Tv, Utilities - Electric
  • Vacancy Amount: 2129
  • Vacancy Factor: 5

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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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
02/15/2013 02/15/13 Sold $460,000 +4.5% $196 / Sq Ft
01/09/2013 01/09/13 Pending -- -- --
12/26/2012 12/26/12 For Sale $440,000 -- $187 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2013

    Bill Backus

    Backus Properties

    (831) 262-9730

    27 in this area

    80 Total Sales

    Bill Backus
    Section Image
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Map

Source: MLSListings

MLS Number: ML81243705

MLSListings

APN: 002-161-009

California Monterey County Salinas 93901 South Salinas

2 Cassidy St, Salinas, CA

Not Listed for Sale

MultiFamily

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