NOT LISTED FOR SALE
2 Beds
3 Baths
1,371 Sq Ft
5,227 Sq Ft Lot

Last Sold February 14, 2025

Last sale price $850,000 $620 Per Sq Ft

6 Days on Market

Highlights

  • Tile Countertops
  • Coin Laundry
  • Courtyard
  • Tile Flooring
  • Washer and Dryer
  • Fenced

About This Home

As of February 2025

South Salinas Triplex! The property consists of two one bedroom units and a studio. When you enter the property you will first find three carports and storage on the side for the studio unit. Next you will enter the courtyard where all three units are located. The studio unit 327 has a standard size bathroom along with a tidy kitchen that has a refrigerator, electric oven and a range hood. The next unit 329 is a one bedroom unit with a living room dining room combo. The kitchen has a gas oven, refrigerator, range hood and a pantry cabinet. The bathroom has a tub shower combo. Last unit is 331. This unit has a lot of original character. When you walk in you find a living room, dining room combo. The kitchen has a electric cook top, built in oven and a range hood. The original kitchen countertop tile is still there and looks good. Both one bedroom units have exterior storage located on the side of the building. This unit has a back yard area. There is a coin operated laundry. The property is very low maintenance. Close to many downtown locations and the hospital is just down the street. Great South Salinas investment opportunity come take a look!

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 01/22/2025

Last Buyer's Agent

Bill Backus

Backus Properties License #01332230 Listed on: 01/22/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1959

Lot Details

  • Fenced

Home Design

  • Triplex
  • Tar and Gravel Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,371 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Kitchen

  • Built-In Oven
  • Gas Oven
  • Electric Cooktop
  • Range Hood
  • Tile Countertops
  • Laminate Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Parking

  • 3 Parking Spaces
  • 3 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $46,380

Community Details

Overview

Amenities

  • Courtyard
  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $610
  • Maintenance Expense $523
  • Manager Expense $2,783
  • Other Expense $200
  • Utility Expense $2,108
  • Trash Expense $367
  • Operating Expense $9,985
  • Gross Income $46,655

Property Details

Home Type

Multi-Family

Year Built

1959

Lot Details

0

Listing Details

  • Zoning: CO/R
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1371
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1959

Interior Features

  • Kitchen: Appliances - Vary By Unit, Cooktop - Electric, Countertop - Laminate, Countertop - Tile, Hood Over Range, Oven - Built-In, Oven - Gas, Oven Range - Gas, Pantry Cabinet, Refrigerator, Varies By Unit
  • Living Sq Ft: 1371
  • Stories: 1
  • Laundry: Coin Operated, Washer / Dryer
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Tar And Gravel
  • Yard/Grounds: Courtyard, Fenced

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, Off-Street Parking, On Street, Parking Restrictions
  • Carport Min: 3

Utilities

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

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5431.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5431.00

Green Features

  • Energy Features: Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 19.29
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 610
  • Expense Landscape: 600
  • Expense Maintenance: 523
  • Expense Management: 2783
  • Expenses Other: 200
  • Expenses Total: 9985
  • Expenses Utility: 2108
  • Expense Trash: 367
  • Income Annual Gross: 46655.00
  • Income Annual Rental: 46380
  • Income Gross Scheduled: 46655
  • Income Includes: Coin Operated Equip, Rents
  • Income Other: 275
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Equipment/Fixture Rental, Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities, Utilities - Water
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
02/14/2025 02/14/25 Sold $850,000 -5.6% $620 / Sq Ft
01/29/2025 01/29/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $900,000 -- $656 / 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 $2,891 $247,726 $79,534 $168,192
2024 $2,891 $242,870 $77,975 $164,895
2023 $2,794 $238,109 $76,447 $161,662
2022 $2,690 $233,442 $74,949 $158,493
2021 $2,585 $228,866 $73,480 $155,386
2020 $2,515 $226,520 $72,727 $153,793
2019 $2,495 $222,079 $71,301 $150,778
2018 $2,463 $217,725 $69,903 $147,822
2017 $2,465 $213,457 $68,533 $144,924
2016 $2,467 $209,273 $67,190 $142,083
2015 $2,488 $206,130 $66,181 $139,949
2014 $2,324 $202,093 $64,885 $137,208
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81991311

MLSListings

APN: 002-613-027