NOT LISTED FOR SALE

214 California St Salinas, CA 93901

Downtown Salinas Neighborhood
8 Beds
8 Baths
4,800 Sq Ft
6,517 Sq Ft Lot

Last Sold January 13, 2021

Last sale price $955,000 $199 Per Sq Ft

25 Days on Market

Highlights

  • Corian Countertops
  • Tile Flooring
  • Fenced
  • Laundry Room

About This Home

As of January 2021

Four unit complex in South Salinas near Old Town Salinas and Monterey County offices. The units are average 1100+ sq. ft. and have 2 bedrooms /1.5 bathrooms, a utility room with laundry hookups, lots of room for storage, and a very large open space for a dining room and a living room. The kitchen is large and has a sit-down counter. Three units are month to month and are below-market rents, which are $1750+. One unit has a two-year lease at $1450. The owner pays for water, sewer, and garbage. The complex has lots of off-street parking behind the building and some parking in front of the building. The building is located in an Opportunity Zone.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 10/21/2020

Last Buyer's Agent

C&C Real Estate Team

Better Homes And Gardens Real Estate By The Sea License #70010156

Property Details

Home Type

  • Multi-Family

Year Built

  • 1977

Lot Details

  • 6,517 Sq Ft Lot
  • Fenced
  • Mostly Level

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 4,800 Sq Ft Home
  • 2-Story Property
  • Tile Flooring

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher
  • Corian Countertops
  • Formica Countertops

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • 8 Parking Spaces
  • Covered Parking
  • Parking Deck
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $69,480
  • Month-to-Month Lease Term

Community Details

Overview

  • 4,800 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gardener Expense $1,000
  • Insurance Expense $1,194
  • Maintenance Expense $3,200
  • Manager Expense $4,044
  • Other Expense $1,500
  • Utility Expense $3,111
  • Trash Expense $2,202
  • Operating Expense $26,961
  • Gross Income $67,396

Property Details

Home Type

Multi-Family

Year Built

1977

Lot Details

0

Listing Details

  • Zoning: R.M.2.9
  • Subclass: Fourplex
  • Age: 43
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 4800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1977

Interior Features

  • Kitchen: Cooktop - Electric, Countertop - Formica, Countertop - Solid Surface / Corian, Dishwasher, Oven - Electric, Oven Range - Electric, Refrigerator
  • Living Sq Ft: 4800
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Flat / Low Pitch
  • Yard/Grounds: Fenced
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Common Parking Area, Off-Street Parking, Parking Deck

Utilities

  • Heating System: Gas, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Schools

  • School District: Salinas Union High
  • Elementary School: Roosevelt Elementary
  • Middle School: Washington Middle
  • High School: Salinas High
  • High School: 583
  • Elementary School: 574
  • Middle School: 584

Lot Info

  • Lot Description: Grade - Mostly Level
  • Lot Acres: 0.1496
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6516.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6516.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 14.09
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1194
  • Expense Landscape: 1000
  • Expense Maintenance: 3200
  • Expense Management: 4044
  • Expenses Other: 1500
  • Expenses Total: 26961
  • Expenses Utility: 3111
  • Expense Trash: 2202
  • Income Annual Gross: 67396.00
  • Income Annual Rental: 69480
  • Income Gross Scheduled: 69480
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Range of Values:

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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
01/13/2021 01/13/21 Sold $955,000 -2.5% $199 / Sq Ft
11/16/2020 11/16/20 Pending -- -- --
11/12/2020 11/12/20 For Sale $979,000 0.0% $204 / Sq Ft
10/21/2020 10/21/20 Pending -- -- --
10/21/2020 10/21/20 For Sale $979,000 -- $204 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2021

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    1 in this area

    62 Total Sales

    Hap Albers
    Section Image

  • C

    Buyer's Agent in 2021

    C&C Real Estate Team

    Better Homes And Gardens Real Estate By The Sea

See All Agents

Map

Source: MLSListings

MLS Number: ML81816630

MLSListings

APN: 002-221-005

California Monterey County Salinas 93901 Downtown Salinas

214 California St, Salinas, CA

This home is located at 214 California St, Salinas, CA 93901 since 21 October 2020. This property was built in 1977. 214 California St is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

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