NOT LISTED FOR SALE

31 Chestnut St Salinas, CA 93901

South Salinas Neighborhood
8 Beds
5 Baths
3,350 Sq Ft
6,564 Sq Ft Lot

Last Sold September 24, 2019

Last sale price $400,000 $119 Per Sq Ft

101 Days on Market

About This Home

As of September 2019

Great Investment Property in South Salinas Two Separate APN #'s 002-451-018 and 002-451-019 which are 31 and 27 Chestnut St. Nice and Quiet Neighborhood close to Shopping and Downtown. Two Homes are 3bedrooms each and Two units are 1bedroom each and also all have their own separate meters, ** Rents are below Market. Property has a large center court yard; Come and see for your selfs.

Last Agent to Sell the Property

Manier Ahmed

Remax Property Experts License #01908988 Listed on: 04/26/2019

Remax Property Experts

Last Buyer's Agent

Manier Ahmed

Remax Property Experts License #01908988 Listed on: 04/26/2019

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1926

Lot Details

  • 6,564 Sq Ft Lot

Parking

  • 2 Car Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,350 Sq Ft Home
  • 1-Story Property
  • Oven or Range

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

  • 3,350 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Year Built

1926

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Age: 93
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3350
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1926

Interior Features

  • Kitchen: Oven Range
  • Living Sq Ft: 3350
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Garage Parking Features: On Street, Parking Area

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1507
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6566.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6566.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 23.81
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Income Annual Gross: 42000.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

Range of Values:

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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

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2019 09/24/19 Sold $400,000 -60.0% $119 / Sq Ft
08/05/2019 08/05/19 Pending -- -- --
07/30/2019 07/30/19 For Sale $999,999 0.0% $299 / Sq Ft
06/11/2019 06/11/19 Pending -- -- --
05/30/2019 05/30/19 Price Changed $999,999 -20.0% $299 / Sq Ft
04/26/2019 04/26/19 For Sale $1,250,000 -- $373 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Manier Ahmed

    RE/MAX

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Map

Source: MLSListings

MLS Number: ML81748680

MLSListings

APN: 002-451-018

California Monterey County Salinas 93901 South Salinas

31 Chestnut St, Salinas, CA

This home is located at 31 Chestnut St, Salinas, CA 93901 since 26 April 2019. This property was built in 1926. 31 Chestnut St is a home located in Monterey County with nearby schools including Lincoln Elementary School, Monterey Park Elementary School, and Mission Park Elementary School.

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