NOT LISTED FOR SALE
5 Beds
4 Baths
2,348 Sq Ft
6,534 Sq Ft Lot

Sale Details

Date 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

6,534 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2018
Sold by
Bought by

Purchase Details

Listed on
Dec 26, 2012
Closed on
Jan 11, 2013
Sold by
Bought by
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$440,000
Sold Price
$460,000
Premium/Discount to List
$20,000
4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,000
Interest Rate
0.0329%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2003
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
$460,000 Chicago Title Company
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $345,000
Previous Owner $235,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,531 $566,447 $123,138 $443,309
2024 $6,531 $555,341 $120,724 $434,617
2023 $6,312 $544,453 $118,357 $426,096
2022 $6,077 $533,779 $116,037 $417,742
2021 $5,839 $523,313 $113,762 $409,551
2020 $5,678 $517,948 $112,596 $405,352
2019 $5,636 $507,793 $110,389 $397,404
2018 $5,566 $497,837 $108,225 $389,612
2017 $5,571 $488,076 $106,103 $381,973
2016 $5,575 $478,507 $104,023 $374,484
2015 $5,623 $471,320 $102,461 $368,859
2014 $5,245 $462,088 $100,454 $361,634
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81243705

MLSListings

APN: 002-161-009

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