NOT LISTED FOR SALE

2578 El Camino Real N Salinas, CA 93907

4 Beds
6 Baths
6,551 Sq Ft
1.45 Acres

Last Sold April 02, 2013

Last sale price $500,000 $76 Per Sq Ft

75 Days on Market

Highlights

  • RV Access or Parking
  • Tile Flooring
  • 1-Story Property

About This Home

As of April 2013

Mixed use property in Prunedale w/residential, retail, office, and yard space. Heavy commercial zoning. The property has a 3 bed/2 bath house with a fenced back yard, studio apartment, a 2100 sq. ft office, and a 1,335 sq. ft office/retail building with fenced yard space. All units are vacant except for retail/office building. Potential 8.4% cap rate.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 10/27/2012

Last Buyer's Agent

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 10/27/2012

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,397

Year Built

  • 1947

Lot Details

  • 1.45

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 6,551 Sq Ft Home
  • 1-Story Property

Flooring

  • Wall to Wall Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • Private Parking
  • Off-Street Parking
  • RV Access or Parking

Eco-Friendly Details

  • Energy-Efficient Insulation

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Shared Well
  • Well
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $73,200
  • The owner pays for services - gardener/landscaping

Community Details

Overview

  • 4 Units
  • 6,551 Sq Ft Building

Building Details

  • Insurance Expense $5,000
  • Maintenance Expense $5,000
  • Manager Expense $4,040
  • Other Expense $2,000
  • Utility Expense $1
  • Operating Expense $22,121
  • Gross Income $67,344

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,397

Year Built

1947

Lot Details

0

Listing Details

  • Zoning: HC
  • Subclass: Fourplex
  • Age: 66
  • Inspections Reports: Geological/Flood
  • Sale Price Per Sq Ft: 76.32
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 4
  • Min Numberof Unitsin Complex: 4
  • Structure Sq Ft: 6551
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Living Sq Ft: 6551
  • Stories: 1
  • Laundry: Laundry Area - In Unit
  • Flooring: Tile, Carpet - Wall To Wall, Vinyl / Linoleum, Carpet, Varies By Unit

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Private / Exclusive, Off-Street Parking, Rv/Boat Parking, Add'l Spots Available

Utilities

  • Heating System: Gas - Propane, Wall Furnace, Gas
  • Sewer/Septic System: Septic Tank / Pump

Association/Amenities

  • Amenities Miscellaneous: Storage Area(s)

Schools

  • School District: North Monterey County Unified

Lot Info

  • Lot Size Area Minimum Units: Acres
  • Minimum Lot Size: 1.89
  • Lot Size Area Maximum Units: Acres
  • Lot Size Area Max Search: 82328.40
  • Lot Size Area Min Search: 82328.40
  • Maximum Lot Size: 1.89

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet, Insulation - Unknown

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 8.13

Multi Family

  • Expense Insurance: 5000
  • Expense Maintenance: 5000
  • Expense Management: 4040
  • Expenses Other: 2000
  • Expenses Total: 22121
  • Expenses Utility: 1
  • Income Annual Gross: 67344.00
  • Income Annual Rental: 73200
  • Income Gross Scheduled: 73200
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Master Electric
  • Minimum Building Height: 1
  • Number Of Buildings: 5
  • Operating Expenses Include: Services - Gardener, Insurance, Maintenance - Repair, Fee - Property Management, Fee - Property Tax, Vacancy Factor, Miscellaneous/Other
  • Other Units Includes: Some Commercial Units
  • Owner Pays: Services - Gardener/Landscaping
  • Tenant Expenses: Services - Gardener/Landscaping, Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 5856
  • Vacancy Factor: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2024
Sold by
Sexton Ursula
Bought by
Sandoval Barriga Hector and Wal Morales Tzarara

Purchase Details

Listed on
Oct 27, 2012
Closed on
Apr 29, 2013
Sold by
Sexton Paul E
Bought by
Sexton Paul E and Sexton Ursula
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Hap Albers
Albers Real Estate Investment Company
List Price
$595,000
Sold Price
$500,000
Premium/Discount to List
-$95,000
-15.97%

Purchase Details

Listed on
Oct 27, 2012
Closed on
Apr 26, 2013
Sold by
Pacific Valley Bank
Bought by
Sexton Paul E
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Hap Albers
Albers Real Estate Investment Company
List Price
$595,000
Sold Price
$500,000
Premium/Discount to List
-$95,000
-15.97%

Purchase Details

Closed on
Aug 14, 2012
Sold by
Lombardo Vincent B and Lombardo Theresa H
Bought by
Pacific Valley Bank

Purchase Details

Closed on
Oct 21, 2008
Sold by
Lombardo Vincent B and Lombardo Therese H
Bought by
Lombardo Vincent B and Lombardo Therese H

Purchase Details

Closed on
May 9, 2007
Sold by
Lombardo Therese H and Lombardo Vincent B
Bought by
Lombardo Vincent B and Lombardo Therese H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.17%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jul 17, 2006
Sold by
Gregory Linda K
Bought by
Lombardo Vincent B and Lombardo Therese H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 12, 2005
Sold by
Losada David
Bought by
Losada David F

Purchase Details

Closed on
Jul 8, 2002
Sold by
Gregory Linda K
Bought by
Gregory Linda K and Losada David

Purchase Details

Closed on
Jan 12, 2002
Sold by
Losada Edna A
Bought by
Losada Family Trust
Source: Public Records

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sandoval Barriga Hector $1,350,000 First American Title
Sexton Paul E -- First American Title Company
Sexton Paul E $500,000 First American Title Company
Sexton Paul E -- First American Title Company
Pacific Valley Bank $475,000 None Available
Lombardo Vincent B -- None Available
Lombardo Vincent B -- Old Republic Title Company
Lombardo Vincent B $900,000 First American Title Co
Losada David F -- --
Gregory Linda K -- --
Losada Family Trust -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lombardo Vincent B $500,000
Previous Owner Lombardo Vincent B $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2013 04/02/13 Sold $500,000 -16.0% $76 / Sq Ft
01/10/2013 01/10/13 Pending -- -- --
10/27/2012 10/27/12 For Sale $595,000 -- $91 / 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 $3,397 $663,000 $459,000 $204,000
2024 $3,397 $650,000 $450,000 $200,000
2023 $3,330 $236,714 $118,357 $118,357
2022 $3,297 $232,074 $116,037 $116,037
2021 $3,180 $227,524 $113,762 $113,762
2020 $2,605 $225,192 $112,596 $112,596
2019 $2,541 $220,778 $110,389 $110,389
2018 $2,500 $216,450 $108,225 $108,225
2017 $2,367 $212,206 $106,103 $106,103
2016 $2,460 $208,046 $104,023 $104,023
2015 $2,368 $204,922 $102,461 $102,461
2014 $2,332 $200,908 $100,454 $100,454
Source: Public Records

Agents Affiliated with this Home

  • Hap Albers

    Seller's Agent in 2013

    Hap Albers

    Albers Real Estate Investment Company

    (408) 893-6002

    1 in this area

    62 Total Sales

    Hap Albers
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Map

Source: MLSListings

MLS Number: ML81239204

MLSListings

APN: 125-501-026-000

California Monterey County Salinas 93907

2578 El Camino Real N, Salinas, CA

This home is located at 2578 El Camino Real N, Salinas, CA 93907 since 27 October 2012. This property was built in 1947. 2578 El Camino Real N is a home located in Monterey County with nearby schools including North Monterey County Middle School, North Monterey County High School, and Oasis Charter Public.

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