$880,000
SOLD FEB 27, 2025
5 Beds
4 Baths
2,031 Sq Ft
5,214 Sq Ft Lot

Recently Sold

$433 Per Sq Ft

12 Days on Market

Highlights

  • High Ceiling
  • Laundry Room
  • Washer and Dryer
  • Walk-In Closet
  • Coin Laundry
  • Courtyard

About This Home

As of February 2025

Own Your Real Estate Empire in South Salinas! This multi-unit complex, originally owned by one family, presents an exceptional investment opportunity. With two current owners, you can acquire this tri-plex and standalone single-family home on one APN, or expand your portfolio by adding the neighboring duplex, owned separately. The tri-plex includes three 1-bedroom, 1-bath units two on the ground floor and one upstairs with a dedicated laundry room and three parking spaces. The standalone back house features 2 bedrooms, 1 bath, and a new roof overlay completed in November 2024 for worry-free maintenance. The adjoining duplex offers potential for expansion and immediate income, making this a versatile investment opportunity. Together, these properties provide diverse rental streams and simplified management, making them a strategic addition to any portfolio. Located near Hartnell College, schools, bus lines, and major freeways, this property guarantees high tenant demand and long-term growth potential. Don't miss this rare chance to secure a high-growth investment. Sellers prefer these units be sold together, creating a legacy opportunity in sought-after South Salinas.

Last Agent to Sell the Property

Renee Garner

Century 21 Showcase Realtors License #01705882 Listed on: 01/08/2025

Century 21 Showcase Realtors

Co-Listed By

Gina Hinds

Century 21 Showcase Realtors License #01962087

Last Buyer's Agent

Jeff Wickum

Epique Realty License #01248741

Epique Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1930

Lot Details

  • 5,214 Sq Ft Lot
  • Fenced
  • Grass Covered Lot

Home Design

  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,031 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Crawl Space

Kitchen

  • Gas Cooktop
  • Range Hood
  • Freezer
  • Formica Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet
  • Low Flow Shower

Laundry

  • Laundry Room
  • Washer and Dryer

Parking

  • 3 Parking Spaces
  • Assigned Parking

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Utilities

  • Wall Furnace
  • Separate Meters
  • 220 Volts
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $39,000

Community Details

Overview

  • 2,031 Sq Ft Building

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 2 Leased Units
  • Insurance Expense $1,921
  • Utility Expense $4,297
  • Trash Expense $707
  • Operating Expense $9,425
  • Gross Income $39,870

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Zoning: Multi Family
  • Subclass: Multiple Dwellings / Structures
  • Age: 95
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2031
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1930

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Formica, Freezer, Hood Over Range, Refrigerator
  • Living Sq Ft: 2031
  • Stories: 2
  • Laundry: Coin Operated, Washer/Dryer - Some Units
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter, Crawl Space, Post And Pier
  • Roof: Composition, Shingle
  • Yard/Grounds: Courtyard, Fenced, Low Maintenance

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Assigned Spaces, Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1197
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5213.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5213.00

Green Features

  • Energy Features: Energy Star Lighting, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.07
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1921
  • Expenses Total: 9425
  • Expenses Utility: 4297
  • Expense Trash: 707
  • Income Annual Gross: 39870.00
  • Income Annual Rental: 39000
  • Income Gross Scheduled: 39870
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 870
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

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
02/27/2025 02/27/25 Sold $880,000 0.0% $433 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/08/2025 01/08/25 For Sale $880,000 -- $433 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81989685

MLSListings

APN: 002-422-020