$1,099,000

Estimated payment $6,207/month

12 Beds
8 Baths
4,134 Sq Ft
$266 Price per Sq Ft

Highlights

  • 4 Car Attached Garage
  • Forced Air Heating System
  • 1-Story Property

About This Home

**DO NOT ACCESS PROPERTY WITHOUT AN AGENT PRESENT ***Investment opportunity featuring four spacious 3-bedroom, 1.5-bath units situated across two separate buildings. The property offers approximately 4,320 square feet of total building area, with each building measuring approximately 2,160 square feet and containing two units. Each unit features a functional single-level floor plan with three bedrooms and 1.5 bathrooms. The half bath is located within a large walk-in closet in the primary bedroom, providing potential space to add a shower and create a second full bathroom, subject to buyer investigation, permits, and local requirements. The property is in need of some TLC and updating, offering an opportunity for a new owner to make improvements over time and enhance its overall appeal and value. Current rents are below fair market value, providing additional long-term upside for an investor. Any future rent increases are subject to applicable City of Salinas rent regulations and should be independently verified by the buyer. A solid investment opportunity offering spacious 3-bedroom units, existing rental income, below-market rents, and future value-add potential.

Listing Agent

Chantel Henson

Compass License #01271580 Listed on: 08/19/2026

Compass

Co-Listing Agent

Betty Stringer

Compass License #02042438

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Parking

  • 4 Car Attached Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 4,134 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System

Community Details

Overview

  • 4,134 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $2,810
  • Maintenance Expense $2,324
  • Manager Expense $8,503
  • Other Expense $3,090
  • Utility Expense $2,862
  • Operating Expense $21,584
  • Gross Income $87,204

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

9,583 Sq Ft Lot

Parking

4

Listing Details

  • Zoning: CR
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4134
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 4134
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Garage Parking Features: Attached Garage, On Street

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9600.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9600.00

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written
  • Gross Rent Multiplier: 12.60
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2810
  • Expense Maintenance: 2324
  • Expense Management: 8503
  • Expenses Other: 3090
  • Expenses Total: 21584
  • Expenses Utility: 2862
  • Income Annual Gross: 87204.00
  • Income Annual Rental: 87204
  • Income Gross Scheduled: 87204
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Services - Sewer
  • Tenant Expenses: Services - Gardener/Landscaping, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
2026 $1,995 $1,239,300 $510,000 $729,300
2025 $1,831 $151,393 $41,165 $110,228
2024 $1,831 $148,425 $40,358 $108,067
2023 $1,771 $145,516 $39,567 $105,949
2022 $1,699 $142,664 $38,792 $103,872
2021 $1,634 $139,868 $38,032 $101,836
2020 $1,589 $138,435 $37,643 $100,792
2019 $1,575 $135,721 $36,905 $98,816
2018 $1,547 $133,061 $36,182 $96,879
2017 $1,547 $130,453 $35,473 $94,980
2016 $1,548 $127,896 $34,778 $93,118
2015 $1,560 $125,976 $34,256 $91,720
2014 $1,461 $123,509 $33,585 $89,924
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
08/19/2026 08/19/26 For Sale $1,099,000 -- $266 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82057881

MLSListings

APN: 004-061-028

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