NOT LISTED FOR SALE

306 Lang St Salinas, CA 93901

South Salinas Neighborhood
3 Beds
-- Bath
1,500 Sq Ft
1969 Built

Last Sold November 08, 2012

Last sale price $280,000 $187 Per Sq Ft

63 Days on Market

Highlights

  • Neighborhood Views
  • Zoned Heating
  • 1-Story Property
  • Tile Flooring

About This Home

As of November 2012

3 UNITS IN THE BEST AREA OF SALINAS, IN ONE OF THE BEST ELEMENTARY SCHOOL AREAS, CLOSE TO HARTNELL COLLEGE, WASHINGTON UNION HIGH, AND SALINAS HIGH. WALKING DISTANCE TO DOWNTOWN, BANKS SCHOOLS AND MUCH MORE.

Last Agent to Sell the Property

Manuel Ruelas

Lighthouse Realty Group LTD License #01216477 Listed on: 08/22/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1969

Lot Details

  • Sprinkler System

Parking

  • Off-Street Parking

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Composition Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Neighborhood Views
  • Oven or Range

Utilities

  • Zoned Heating
  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $31,200
  • The owner pays for garbage

Community Details

Overview

  • 3 Units
  • 1,500 Sq Ft Building

Building Details

  • Insurance Expense $900
  • Maintenance Expense $240
  • Operating Expense $3,238
  • Gross Income $31,200

Property Details

Home Type

Multi-Family

Year Built

1969

Lot Details

0

Listing Details

  • Zoning: Multi
  • Subclass: Triplex
  • Inspections Reports: Flood Zone
  • Sale Price Per Sq Ft: 186.67
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 3
  • Min Numberof Unitsin Complex: 3
  • Structure Sq Ft: 1500
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1969

Interior Features

  • Kitchen: Oven Range, Varies By Unit, Refrigerator
  • Living Sq Ft: 1500
  • Stories: 1
  • Laundry: Laundry - No
  • Flooring: Tile

Exterior Features

  • Roof: Tar And Gravel, Composition
  • View: Local/Neighborhood
  • Yard/Grounds: Sprinklers - Lawn

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Spaces Per Unit - 1

Utilities

  • Heating System: Heating - 2+ Zones, Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Schools

  • High School: 583

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9100.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 9100.00
  • Lot Size Area Min Search: 9100.00
  • Maximum Lot Size: 9100.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 9.58

Multi Family

  • Expense Insurance: 900
  • Expense Maintenance: 240
  • Expenses Total: 3238
  • Income Annual Gross: 31200.00
  • Income Annual Rental: 31200
  • Income Gross Scheduled: 31200
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas
  • Minimum Building Height: 1
  • Number Of Buildings: 2
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener
  • Owner Pays: Garbage
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal

Range of Values:

--
Value Increase
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Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2012 11/08/12 Sold $280,000 -6.4% $187 / Sq Ft
10/24/2012 10/24/12 Pending -- -- --
08/22/2012 08/22/12 For Sale $299,000 -- $199 / 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 $5,991 $519,673 $213,737 $305,936
2024 $5,991 $509,485 $209,547 $299,938
2023 $5,790 $499,496 $205,439 $294,057
2022 $5,570 $489,703 $201,411 $288,292
2021 $4,321 $386,307 $115,242 $271,065
2020 $3,478 $315,269 $67,556 $247,713
2019 $3,452 $309,088 $66,232 $242,856
2018 $3,404 $303,029 $64,934 $238,095
2017 $3,407 $297,088 $63,661 $233,427
2016 $3,409 $291,263 $62,413 $228,850
2015 $3,439 $286,889 $61,476 $225,413
2014 $3,211 $281,270 $60,272 $220,998
Source: Public Records

Agents Affiliated with this Home

  • Manuel Ruelas

    Seller's Agent in 2012

    Manuel Ruelas

    Lighthouse Realty Group LTD

    (831) 751-2600

    1 in this area

    7 Total Sales

    Manuel Ruelas
    Section Image
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Map

Source: MLSListings

MLS Number: ML81231310

MLSListings

APN: 002-411-039

California Monterey County Salinas 93901 South Salinas

306 Lang St, Salinas, CA

Not Listed for Sale

MultiFamily

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