NOT LISTED FOR SALE
8 Beds
8 Baths
3,656 Sq Ft
8,660 Sq Ft Lot

Sale Details

Date Sold: July 24, 2024

Last sale price $1,100,000 $301 Per Sq Ft

5 Days on Market

About This Home

As of July 2024

Prime 4-plex at 340 E. Romie Lane, South Salinas! Each townhouse-style unit features 2 bedrooms, 1.5 bathrooms, and 914 sq. ft. Amenities include 4 covered carports and onsite coin-op laundry. With some deferred maintenance and rents far below market value, this property offers significant upside potential. Ideal for investors seeking value-add opportunities. All leases are currently month-to-month.

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 07/12/2024

Last Buyer's Agent

Dale Handley

Town'N Country Realty License #01280498 Listed on: 07/12/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 1980

Lot Details

  • 8,660

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,656 Sq Ft Home
  • 2-Story Property

Parking

  • 2 Parking Spaces
  • 4 Carport Spaces

Additional Features

  • 8,660 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $64,800

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 4 Leased Units
  • Gardener Expense $1,200
  • Insurance Expense $2,000
  • Maintenance Expense $2,500
  • Manager Expense $4,800
  • Utility Expense $2,000
  • Trash Expense $1,606
  • Operating Expense $28,406
  • Gross Income $65,300

Property Details

Home Type

Multi-Family

Year Built

1980

Lot Details

8,660 Sq Ft Lot

Listing Details

  • Zoning: CO/R
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3656
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1980

Interior Features

  • Living Sq Ft: 3656
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

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

Schools

  • High School: 583

Lot Info

  • Lot Acres: 0.1988
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8658.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8658.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 16.85
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2000
  • Expense Landscape: 1200
  • Expense Maintenance: 2500
  • Expense Management: 4800
  • Expenses Total: 28406
  • Expenses Utility: 2000
  • Expense Trash: 1606
  • Income Annual Gross: 65300.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 65300
  • Income Includes: Laundry, Rents
  • Income Other: 500
  • Meters: Master Electric, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Services - Gardener, Services - Trash Removal, Utilities - Electric
  • Tenant Expenses: Rent Only, Utilities - Electric, Utilities - Heating, Utilities - Hot 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

Listed on
Jul 12, 2024
Closed on
Sep 16, 2024
Sold by
Bought by
Seller's Agent
Dale Handley
Town'N Country Realty
Buyer's Agent
Dale Handley
Town'N Country Realty
List Price
$1,100,000
Sold Price
$1,100,000
Views
33

Purchase Details

Listed on
Jul 12, 2024
Closed on
Jul 22, 2024
Sold by
Bought by
Seller's Agent
Dale Handley
Town'N Country Realty
Buyer's Agent
Dale Handley
Town'N Country Realty
List Price
$1,100,000
Sold Price
$1,100,000
Views
33

Purchase Details

Closed on
Jul 26, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
0.0517%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 16, 1997
Sold by
Bought by
Source: Public Records
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

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
$1,100,000 Chicago Title
-- Orange Coast Title
-- --
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
Previous Owner $275,000
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
07/24/2024 07/24/24 Sold $1,100,000 0.0% $301 / Sq Ft
07/18/2024 07/18/24 Pending -- -- --
07/12/2024 07/12/24 For Sale $1,100,000 -- $301 / 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
2025 $7,280 $1,100,000 $390,000 $710,000
2024 $7,280 $1,100,000 $390,000 $710,000
2023 $6,718 $357,335 $34,652 $322,683
2022 $5,249 $350,329 $33,973 $316,356
2021 $5,557 $343,460 $33,307 $310,153
2020 $5,469 $339,939 $32,966 $306,973
2019 $5,269 $333,274 $32,320 $300,954
2018 $4,874 $326,740 $31,687 $295,053
2017 $5,062 $320,334 $31,066 $289,268
2016 $5,019 $314,054 $30,457 $283,597
2015 $5,002 $309,338 $30,000 $279,338
2014 $4,696 $303,280 $29,413 $273,867
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81972927

MLSListings

APN: 002-625-005

Your Personal Tour Guide

Ask me questions while you tour the home.