NOT LISTED FOR SALE
6 Beds
5 Baths
2,514 Sq Ft
8,860 Sq Ft Lot

Sale Details

Date Sold: September 28, 2023

Last sale price $800,000 $318 Per Sq Ft

43 Days on Market

About This Home

As of September 2023

217-221 W Curtis Street is a fantastic investment opportunity with strong in-place income AND significant upside in rent potential. The triplex could also serve as an owner-user investment so the buyer can live in one unit and rent out the others to offset their mortgage expense. The house in the front has 2 bedrooms and 1 bathroom with a private backyard and in-unit laundry hookups. Both units in the rear duplex have 2 bedrooms and 1.5 bathrooms, with private backyards and in-unit laundry hookups. Each unit has a dedicated parking space under the carport. Tenants pay garbage, gas and electric, while ownership pays for water and sewer. Located in a quiet neighborhood in central Salinas, the property is just minutes away from from shopping, public transportation, schools and parks.

Last Agent to Sell the Property

Joey Budka

Redwood Property Company License #01913402 Listed on: 07/17/2023

Last Buyer's Agent

Jesse Mendez

Metro Realty License #00704932

Property Details

Home Type

  • Multi-Family

Year Built

  • 1938

Lot Details

  • 8,860 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,514 Sq Ft Home
  • 1-Story Property

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces

Utilities

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

Listing and Financial Details

  • Total Actual Rent $67,800

Community Details

Overview

  • 2,514 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,184
  • Maintenance Expense $1,800
  • Utility Expense $1,323
  • Operating Expense $16,134
  • Gross Income $67,800

Property Details

Home Type

Multi-Family

Year Built

1938

Lot Details

8,860 Sq Ft Lot

Listing Details

  • Zoning: Residential Multifamily
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2514
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Living Sq Ft: 2514
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter, Pillars / Posts / Piers
  • Roof: Shingle

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport
  • Carport Min: 3

Utilities

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

Lot Info

  • Lot Acres: 0.2034
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8861.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8861.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.17
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2184
  • Expense Landscape: 1200
  • Expense Maintenance: 1800
  • Expenses Total: 16134
  • Expenses Utility: 1323
  • Income Annual Gross: 67800.00
  • Income Annual Rental: 67800
  • Income Gross Scheduled: 67800
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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

Listed on
Jul 17, 2023
Closed on
Sep 25, 2023
Sold by
Bought by
Seller's Agent
Joey Budka
Redwood Property Company
Buyer's Agent
Jesse Mendez
Metro Realty
List Price
$825,000
Sold Price
$800,000
Premium/Discount to List
-$25,000
-3.03%
Views
191

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
0.0709%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2019
Sold by
Bought by

Purchase Details

Closed on
May 8, 1998
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
$800,000 First American Title
-- None Available
-- --
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
Closed $400,000
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
09/28/2023 09/28/23 Sold $800,000 -3.0% $318 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/09/2023 08/09/23 For Sale $825,000 0.0% $328 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $825,000 -- $328 / 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 $9,366 $816,000 $331,500 $484,500
2024 $9,366 $800,000 $325,000 $475,000
2023 $1,916 $800,000 $325,000 $475,000
2022 $1,843 $156,258 $44,085 $112,173
2021 $1,772 $153,195 $43,221 $109,974
2020 $1,724 $151,625 $42,778 $108,847
2019 $1,706 $148,653 $41,940 $106,713
2018 $1,683 $145,739 $41,118 $104,621
2017 $1,684 $142,882 $40,312 $102,570
2016 $1,685 $140,081 $39,522 $100,559
2015 $1,698 $137,978 $38,929 $99,049
2014 $1,589 $135,276 $38,167 $97,109
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81935282

MLSListings

APN: 003-331-006

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