NOT LISTED FOR SALE

425 W Laurel Dr Salinas, CA 93906

Sherwood Gardens Neighborhood
5 Beds
4 Baths
892 Sq Ft
889 Sq Ft Lot

Last Sold April 03, 2020

Last sale price $850,000 $953 Per Sq Ft

10 Days on Market

Highlights

  • Private Pool
  • Tile Flooring
  • Washer and Dryer
  • 1 Car Detached Garage
  • Forced Air Heating System

About This Home

As of April 2020

Looking for an investment? Four units for sale all in the same complex of Laurel Grove one 2 bed 1 bath, three 1 bed 1 bath units, currently the 1 bed units are on a month to month lease and the 2 bed has a lease until Sep. 2020. Great upside potential for this opportunity, this is a 1031 exchange at no cost to buyer, seller is in the process of finding a replacement property.

Last Agent to Sell the Property

Christian Theroux

eXp Realty of California Inc License #01303070 Listed on: 02/20/2020

eXp Realty of California Inc

Last Buyer's Agent

Eddie Guajardo

Remax Property Experts License #02056453

Property Details

Home Type

  • Multi-Family

Year Built

  • 1985

Lot Details

  • 889

Parking

  • 1 Car Detached Garage
  • 1 Carport Space
  • Assigned Parking

Home Design

  • 892 Sq Ft Home
  • Slab Foundation
  • Composition Roof

Flooring

  • Carpet
  • Tile

Additional Features

  • Washer and Dryer
  • Private Pool
  • 889 Sq Ft Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $69,000

Community Details

Overview

  • Property has a Home Owners Association
  • 892 Sq Ft Building

Recreation

  • Community Pool

Building Details

  • 4 Leased Units
  • Insurance Expense $1,400
  • Maintenance Expense $5,000
  • Manager Expense $5,900
  • Operating Expense $15,769
  • Gross Income $69,000

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

889 Sq Ft Lot

Parking

1

Listing Details

  • Zoning: SFR
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 892
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Living Sq Ft: 892
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Carpet, Tile

Exterior Features

  • Foundation: Concrete Slab
  • Pool Description: Yes
  • Roof: Composition
  • Pool: Community Facility

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Detached Garage
  • Carport Min: 1

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: Laurel Grove Residents Associati
  • HOA Fees: 350
  • HOA Amenities: Community Pool
  • HOA Exist: Yes

Lot Info

  • Lot Acres: 0.0204
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 888.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 888.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 13.12
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1400
  • Expense Maintenance: 5000
  • Expense Management: 5900
  • Expenses Total: 15769
  • Income Annual Gross: 69000.00
  • Income Annual Rental: 69000
  • Income Gross Scheduled: 69000
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Association, Fee - Property Management, Fee - Property Tax
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
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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
04/03/2020 04/03/20 Sold $850,000 -6.1% $953 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/20/2020 02/20/20 For Sale $905,000 -- $1,015 / Sq Ft
Source: MLSListings

Agents Affiliated with this Home

  • Christian Theroux

    Seller's Agent in 2020

    Christian Theroux

    eXp Realty of California Inc

    (831) 915-1535

    16 Total Sales

    Christian Theroux
    Section Image

  • E

    Buyer's Agent in 2020

    Eddie Guajardo

    RE/MAX

    Section Image
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Map

Source: MLSListings

MLS Number: ML81783371

MLSListings
California Monterey County Salinas 93906 Sherwood Gardens

425 W Laurel Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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