NOT LISTED FOR SALE
8 Beds
5 Baths
3,350 Sq Ft
6,564 Sq Ft Lot

Sale Details

Date 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

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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

6,564 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • 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

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

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
Aug 28, 2020
Sold by
He Juliang and He Joan Wen-Xu
Bought by

Purchase Details

Listed on
Apr 26, 2019
Closed on
Sep 6, 2019
Sold by
Kahoush Rajai Yousef
Bought by
He Juliang and He Joan
Seller's Agent
Manier Ahmed
Remax Property Experts
Buyer's Agent
Manier Ahmed
Remax Property Experts
List Price
$999,999
Sold Price
$400,000
Premium/Discount to List
-$599,999
-60%

Purchase Details

Closed on
May 17, 2019
Sold by
Qahoush Issam Yousef and Qahoush Issam Yousef
Bought by
Kahoush Rajai Yousef

Purchase Details

Closed on
Dec 9, 1998
Sold by
Miller Alan G and Miller Joan A
Bought by
Quhoush Issam Yousef and Kahoush Rajai Yousef

Purchase Details

Closed on
Jul 14, 1998
Sold by
Miller Alan G and Miller Joan A
Bought by
Miller Alan G and Miller Joan A
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
-- None Listed On Document
He Juliang $400,000 Chicago Title Company
Kahoush Rajai Yousef -- None Available
Quhoush Issam Yousef $160,000 Chicago Title Co
Quhoush Issam Yousef -- Chicago Title Co
Kahoush Rajai Yousef -- Chicago Title Co
Miller Alan G -- --
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
09/24/2019 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

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 $5,520 $446,202 $366,223 $79,979
2025 $5,057 $437,454 $359,043 $78,411
2024 $5,057 $428,877 $352,003 $76,874
2023 $4,887 $420,468 $345,101 $75,367
2022 $4,701 $412,225 $338,335 $73,890
2021 $4,517 $404,143 $331,701 $72,442
2020 $4,393 $400,000 $328,300 $71,700
2019 $2,530 $224,842 $112,421 $112,421
2018 $4,441 $220,434 $110,217 $110,217
2017 $3,535 $216,112 $108,056 $108,056
2016 $2,497 $211,876 $105,938 $105,938
2015 $3,499 $208,694 $104,347 $104,347
2014 $3,289 $204,606 $102,303 $102,303
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML81748680

MLSListings

APN: 002-451-018

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