$509,250
SOLD FEB 1, 2017
5 Beds
3 Baths
2,253 Sq Ft
8,233 Sq Ft Lot

Recently Sold

$226 Per Sq Ft

3% Below List Price

41 Days on Market

Highlights

  • Wood Flooring
  • Double Pane Windows
  • Fenced
  • 3 Car Detached Garage
  • Laundry Room
  • 1-minute walk to Closter Park

About This Home

As of October 2022

BELOW MARKET RENT TRIPLEX. 2 bedroom units rent for $1,400 and 1 bedroom units rent for $1,300 in East Salinas. Go from $3,070 to $4,100 per month in gross rents. Each unit (2-2 bedroom, 1 bath, 1 bedroom, 1 bath) features a living/dining room area, laundry room, plus size master bedroom, detached 1 car garage, and all units share a spacious common front and backyard. Features and updates include hardwood floors, tiled bathrooms, double pane windows and newer paint. Located across the street from Closter Park. This property is well maintained, shows well and has huge rent potential. Make offer subject to inspection.

Last Agent to Sell the Property

Noe Renteria

RE/MAX Real Estate Services License #01277574 Listed on: 11/04/2016

RE/MAX Real Estate Services

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1947

Lot Details

  • 8,233 Sq Ft Lot
  • Fenced
  • Back Yard

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,253 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Gas Oven

Flooring

  • Wood
  • Carpet
  • Tile

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Additional Features

  • Barbecue Area
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $36,840

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $640
  • Insurance Expense $1,490
  • Maintenance Expense $1,079
  • Other Expense $112
  • Utility Expense $2,101
  • Trash Expense $1,039
  • Operating Expense $10,706
  • Gross Income $36,840

Property Details

Home Type

Multi-Family

Year Built

1947

Lot Details

0

Parking

3

Listing Details

  • Zoning: MFD
  • Subclass: Triplex
  • Age: 69
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2253
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1947

Interior Features

  • Kitchen: Oven Range - Gas, Refrigerator
  • Living Sq Ft: 2253
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Hardwood, Tile
  • Additional Rooms: Laundry Room

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Yard/Grounds: Back Yard, Bbq Area, Fenced

Garage/Parking

  • Garage Spaces: 3
  • Garage Parking Features: Detached Garage

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1890
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8223.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8223.00

Green Features

  • Energy Features: Double Pane Windows

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 14.25
  • Number Of Leased: 3

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1490
  • Expense Landscape: 640
  • Expense Maintenance: 1079
  • Expenses Other: 112
  • Expenses Total: 10706
  • Expenses Utility: 2101
  • Expense Trash: 1039
  • Income Annual Gross: 36840.00
  • Income Annual Rental: 36840
  • Income Gross Scheduled: 36840
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance - Repair, Miscellaneous/Other, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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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 Change Sq Ft Price
10/21/2022 10/21/22 Sold $765,000 -3.8% $340 / Sq Ft
10/10/2022 10/10/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $795,000 0.0% $353 / Sq Ft
08/22/2022 08/22/22 Pending -- -- --
08/09/2022 08/09/22 For Sale $795,000 +56.1% $353 / Sq Ft
02/01/2017 02/01/17 Sold $509,250 -3.0% $226 / Sq Ft
12/16/2016 12/16/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $525,000 +66.9% $233 / Sq Ft
08/01/2013 08/01/13 Sold $314,500 -3.2% $140 / Sq Ft
04/16/2013 04/16/13 Pending -- -- --
09/19/2012 09/19/12 For Sale $325,000 -- $144 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81630941

MLSListings

APN: 004-254-014