NOT LISTED FOR SALE
5 Beds
3 Baths
1,769 Sq Ft
0.55 Acre Lot

Sale Details

Date Sold: May 5, 2017

Last sale price $575,000 $325 Per Sq Ft

315 Days on Market

About This Home

As of May 2017

Huge Reduction!! Great triplex in the heart of Salinas near Natividad Medical Center and the Salinas Sports Complex. Front unit recently rebuilt. Each unit is a separate detached building. All three units are rented. Views of agriculture. Good income and great upside development potential. Opportunity to purchase both this triplex and the separately listed single family home on adjacent lot. If purchased together the seller may include the Approved Development Opportunity for 23 Luxury Townhomes in the heart of Salinas. The City of Salinas has already approved the plans for 23 Townhouses. Project named "Los Colomos Townhomes". The project plan is nearly complete and ready to finish. The tentative map in ready to record. The Geotechnical Investigation Design Phase is done, Site plans are available. Right on Natividad. Combine the two lots for over an acre.

Last Agent to Sell the Property

Ted Mendoza

KW Thrive Santa Cruz License #00368472 Listed on: 02/10/2016

KW Thrive Santa Cruz

Co-Listed By

Tony Mendoza

KW Thrive Santa Cruz License #01460177

Last Buyer's Agent

Hui Wang

Shen's Management & Sales Inc License #01849118

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Property Details

Home Type

  • Multi-Family

Year Built

  • 1938

Lot Details

  • 23,784 Sq Ft Lot

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,769 Sq Ft Home
  • 1-Story Property

Parking

  • 9 Parking Spaces
  • Off-Site Parking
  • Assigned Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $30,600

Community Details

Overview

  • 1,769 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $900
  • Operating Expense $4,320
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Year Built

1938

Lot Details

0.55 Acres

Listing Details

  • Zoning: R
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1769
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1938

Interior Features

  • Living Sq Ft: 1769
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 9
  • Garage Parking Features: Assigned Spaces, Off-Site Parking

Utilities

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

Lot Info

  • Lot Acres: 0.5460
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 23783.76
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 23783.76

Rental Info

  • Gross Rent Multiplier: 18.79
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 900
  • Expenses Total: 4320
  • Income Annual Gross: 30600.00
  • Income Annual Rental: 30600
  • Income Gross Scheduled: 30600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Tenant Expenses: All Expenses

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

Closed on
May 24, 2022
Sold by
Bought by

Purchase Details

Listed on
Feb 10, 2016
Closed on
Apr 26, 2017
Sold by
Bought by
Seller's Agent
Ted Mendoza
KW Thrive Santa Cruz
Buyer's Agent
Hui Wang
Shen's Management & Sales Inc
List Price
$1,950,000
Sold Price
$575,000
Premium/Discount to List
-$1,375,000
-70.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 30, 2016
Sold by
Bought by

Purchase Details

Closed on
Aug 26, 2014
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- Law Offices Of Bresler & Lee
$575,000 First American Title Company
-- None Available
-- Chicago Title Company
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
Previous Owner $215,000
Previous Owner $235,000
Previous Owner $240,000
Previous Owner $236,000
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
05/05/2017 05/05/17 Sold $575,000 0.0% $325 / Sq Ft
12/22/2016 12/22/16 Pending -- -- --
09/22/2016 09/22/16 Price Changed $575,000 -28.1% $325 / Sq Ft
06/09/2016 06/09/16 Price Changed $800,000 -46.7% $452 / Sq Ft
05/23/2016 05/23/16 Price Changed $1,500,000 -23.1% $848 / Sq Ft
02/10/2016 02/10/16 For Sale $1,950,000 -- $1,102 / 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
2026 $8,439 $680,677 $236,756 $443,921
2025 $7,728 $667,331 $232,114 $435,217
2024 $7,728 $654,247 $227,563 $426,684
2023 $7,469 $641,419 $223,101 $418,318
2022 $7,189 $628,843 $218,727 $410,116
2021 $6,907 $616,514 $214,439 $402,075
2020 $6,717 $610,194 $212,241 $397,953
2019 $6,666 $598,230 $208,080 $390,150
2018 $6,578 $586,500 $204,000 $382,500
2017 $3,390 $291,343 $291,343 $0
2016 $3,392 $285,631 $285,631 $0
2015 $3,420 $281,341 $281,341 $0
2014 $3,197 $275,830 $275,830 $0
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81550184

MLSListings

APN: 003-831-002

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