$670,000
SOLD FEB 27, 2025
2 Beds
2 Baths
967 Sq Ft
5,201 Sq Ft Lot

Recently Sold

$693 Per Sq Ft

12 Days on Market

Highlights

  • Balcony
  • Grass Covered Lot
  • 1-Story Property
  • Shed
  • Vinyl Flooring

About This Home

As of February 2025

Own Your Own Real Estate Empire in this multi-unit complex owned by 2 owners, and they prefer the properties to be sold together. We are led to believe that this entire complex was originally owned by a single family. There is a shared driveway on between these properties, which lead to 3 parking spaces on the left; and 4 parking spaces on the right. This prime real estate opportunity offers the flexibility to invest in a lucrative duplex on the right with the potential of an additional dwelling unit (ADU) being added as well. You will need to check with City of Salinas. On the left side is a triplex and stand alone single family 2 bedroom, 1 bathroom home, with a new roof overlay done in November 2024. The duplex, with its potential for expansion, presents immediate income and long-term growth. The gem of this property is the new roof with 10 year manufacturers warranty. Don't miss this chance to build your real estate legacy. Located near Hartnell College, schools, bus lines, and major freeways, this property guarantees high tenant demand and long-term growth potential. Do not miss this rare chance to secure a high-growth investment.

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

Est. Annual Taxes

  • $2,568

Year Built

  • 1910

Lot Details

  • 5,201 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 967 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Range Hood
  • Formica Countertops

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 4 Parking Spaces
  • Assigned Parking

Eco-Friendly Details

  • ENERGY STAR/CFL/LED Lights

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $31,200

Community Details

Overview

Building Details

  • Insurance Expense $813
  • Utility Expense $1,103
  • Trash Expense $600
  • Operating Expense $5,084
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,568

Year Built

1910

Lot Details

0

Listing Details

  • Zoning: R-2
  • Subclass: Duplex
  • Age: 115
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 967
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1910

Interior Features

  • Kitchen: Countertop - Formica, Hood Over Range, Oven Range - Gas, Refrigerator
  • Living Sq Ft: 967
  • Stories: 1
  • Flooring: Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Post And Pier
  • Roof: Composition, Shingle
  • Yard/Grounds: Back Yard, Balcony / Patio, Low Maintenance, Storage Shed / Structure

Garage/Parking

  • Parking Spaces: 4
  • Garage Parking Features: Assigned Spaces, Parking Area

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1194
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5200.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5200.00

Green Features

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

Rental Info

  • Existing Lease Term(s): Building Vacant
  • Gross Rent Multiplier: 21.47

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 813
  • Expenses Total: 5084
  • Expenses Utility: 1103
  • Expense Trash: 600
  • Income Annual Gross: 31200.00
  • Income Annual Rental: 31200
  • Income Gross Scheduled: 31200
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
Feb 25, 2025
Sold by
Wickum Jennifer Renae
Bought by
Wickum Jeff
Seller's Agent
Renee Garner
Century 21 Showcase Realtors
Buyer's Agent
Jeff Wickum
Epique Realty
List Price
$670,000
Sold Price
$670,000
Views
62
Current Estimated Value
$703,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,521
Avg. Annual Appreciation
6.75%
Original Mortgage
$502,500
Outstanding Balance
$500,433
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$194,079

Purchase Details

Listed on
Jan 8, 2025
Closed on
Feb 20, 2025
Sold by
Hu Raymond J
Bought by
Wickum Jeffrey J and Herrera Shawn Paul
Seller's Agent
Renee Garner
Century 21 Showcase Realtors
Buyer's Agent
Jeff Wickum
Epique Realty
List Price
$670,000
Sold Price
$670,000
Views
62

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Outstanding Balance
$500,433
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$194,079

Purchase Details

Closed on
Jan 26, 2012
Sold by
Calinawan Camilo
Bought by
Hu Raymon J and Hu Lucy L

Purchase Details

Closed on
Aug 18, 2005
Sold by
Calinawan Elsida
Bought by
Calinawan Camilo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 17, 2005
Sold by
Cynthia Williams Family Lp
Bought by
Calinawan Camilo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Aug 2, 2004
Sold by
Williams John G and Williams John Garrett
Bought by
Williams John Garrett and John G Williams Living Trust

Purchase Details

Closed on
Dec 13, 1995
Sold by
Williams Cynthia C
Bought by
Cynthia Williams Family Ltd Partnership

Purchase Details

Closed on
Dec 6, 1995
Sold by
Williams John Garrett
Bought by
Cynthia Williams Family Ltd Partnership

Purchase Details

Closed on
Nov 16, 1995
Sold by
Williams Cynthia C
Bought by
Williams John Garrett
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed -- Chicago Title Company
Grant Deed $670,000 Chicago Title Company
Trustee Deed $116,500 None Available
Interfamily Deed Transfer -- Chicago Title
Grant Deed $400,000 --
Interfamily Deed Transfer -- --
Grant Deed -- --
Grant Deed -- --
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $502,500 New Conventional
Previous Owner $402,500 Negative Amortization
Previous Owner $320,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/27/2025 02/27/25 Sold $670,000 0.0% $693 / Sq Ft
01/21/2025 01/21/25 Pending -- -- --
01/08/2025 01/08/25 For Sale $670,000 -- $693 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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 $2,568 $219,797 $75,357 $144,440
2024 $2,568 $215,488 $73,880 $141,608
2023 $2,482 $211,264 $72,432 $138,832
2022 $2,383 $207,122 $71,012 $136,110
2021 $2,290 $203,062 $69,620 $133,442
2020 $2,227 $200,981 $68,907 $132,074
2019 $2,208 $197,041 $67,556 $129,485
2018 $2,177 $193,179 $66,232 $126,947
2017 $2,179 $189,392 $64,934 $124,458
2016 $2,180 $185,679 $63,661 $122,018
2015 $2,199 $182,891 $62,705 $120,186
2014 $2,054 $179,309 $61,477 $117,832
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81989686

MLSListings

APN: 002-422-007-000