NOT LISTED FOR SALE
9 Beds
5 Baths
3,250 Sq Ft
0.26 Acre Lot

Sale Details

Date Sold: September 15, 2020

Last sale price $940,000 $289 Per Sq Ft

3 Days on Market

Highlights

  • Tile Countertops
  • Carpet
  • 1-Story Property
  • Level Lot

About This Home

As of September 2020

Once in lifetime opportunity to own a very nice 4 plex in North Salinas. Three 2 bed 1 bath units & One- 3 bed 2 bath unit. Entire building is single level with a nice courtyard in the middle of building. Units sit off street with each unit having a car port parking on the exterior. Additional parking on side of unit. Property has been very well maintained. Roof is approximately 10-13 years old. Some of the units have been updated. Due to COVID 19, buyers make offers subject to viewing. Agent did not measure units or lot size, buyers to verify square footage. Sq.ft./lot size/age/schools not verified by listing agent.

Last Agent to Sell the Property

Susan Lubin-Brownlie

Coldwell Banker/Gay Dales License #01069736 Listed on: 07/24/2020

Coldwell Banker/Gay Dales

Last Buyer's Agent

Rossy Figueroa

Berkshire Hathaway HS Real Time Realty License #01757253

Berkshire Hathaway HS Real Time Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • 11,352 Sq Ft Lot
  • Level Lot

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Raised Foundation
  • Composition Roof

Interior Spaces

  • 3,250 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Kitchen

  • Electric Oven
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $56,550
  • Month-to-Month Lease Term

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $2,500
  • Maintenance Expense $5,070
  • Manager Expense $4,524
  • Utility Expense $2,113
  • Trash Expense $1,443
  • Operating Expense $17,476
  • Gross Income $56,550

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0.26 Acres

Listing Details

  • Zoning: r-4
  • Subclass: Fourplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3250
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Countertop - Tile, Oven Range - Electric, Refrigerator, Varies By Unit
  • Living Sq Ft: 3250
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Raised
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.2606
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 11350.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 11350.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 17.14
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2500
  • Expense Maintenance: 5070
  • Expense Management: 4524
  • Expenses Total: 17476
  • Expenses Utility: 2113
  • Expense Trash: 1443
  • Income Annual Gross: 56550.00
  • Income Annual Rental: 56550
  • Income Gross Scheduled: 56550
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Maintenance, Miscellaneous/Other, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

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 24, 2020
Closed on
Sep 8, 2020
Sold by
Bought by
Seller's Agent
Susan Lubin-Brownlie
Coldwell Banker/Gay Dales
Buyer's Agent
Rossy Figueroa
Berkshire Hathaway HS Real Time Realty
List Price
$969,000
Sold Price
$940,000
Premium/Discount to List
-$29,000
-2.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$611,000
Outstanding Balance
$531,019
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 21, 2014
Sold by
Bought by

Purchase Details

Closed on
Aug 5, 2013
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
$940,000 Old Republic Title Company
-- None Available
-- 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
Open $611,000
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
09/15/2020 09/15/20 Sold $940,000 -3.0% $289 / Sq Ft
07/28/2020 07/28/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $969,000 -- $298 / 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 $12,741 $1,038,994 $485,794 $553,200
2025 $11,662 $1,018,645 $476,269 $542,376
2024 $11,662 $997,535 $466,931 $530,604
2023 $11,270 $977,976 $457,776 $520,200
2022 $10,854 $958,800 $448,800 $510,000
2021 $10,427 $940,000 $440,000 $500,000
2020 $1,842 $162,808 $36,213 $126,595
2019 $1,826 $159,639 $35,503 $124,136
2018 $1,801 $156,532 $34,807 $121,725
2017 $1,803 $153,486 $34,125 $119,361
2016 $1,804 $150,500 $33,456 $117,044
2015 $1,819 $148,258 $32,954 $115,304
2014 $1,702 $145,378 $32,309 $113,069
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81802644

MLSListings

APN: 261-332-032

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