NOT LISTED FOR SALE

43 Villa St Salinas, CA 93901

South Salinas Neighborhood
4 Beds
3 Baths
1,445 Sq Ft
6,499 Sq Ft Lot

Last Sold August 10, 2018

Last sale price $574,575 $398 Per Sq Ft

5 Days on Market

Highlights

  • 2 Car Detached Garage
  • 1-Story Property
  • 4-minute walk to Central Park

About This Home

As of August 2018

Nice triplex now available in South Salinas! Front house is a 2BR/1BA and back units are each 1BR/1BA. New exterior paint, newer composition roof and dual pane windows throughout! There is also a 2-car detached garage with washer/dryer hookups and storage closets for 1BR units. All long term tenants are on month to month leases. Rents are below market. Proforma rents listed on yearly financials. Separate electric/gas and water meters!

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 06/21/2018

Co-Listed By

Jeff Pluta

Town'N Country Realty License #01246645

Last Buyer's Agent

Lisa Brom

Sotheby’s International Realty License #01893705

Sotheby’s International Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • 6,499 Sq Ft Lot

Parking

  • 2 Car Detached Garage

Home Design

  • Triplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,445 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $45,000

Community Details

Overview

  • 1,445 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $600
  • Insurance Expense $1,500
  • Maintenance Expense $2,000
  • Operating Expense $10,425
  • Gross Income $44,100

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-M-2.9
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1445
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Living Sq Ft: 1445
  • Stories: 1
  • Laundry: Hookups Only

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Detached Garage

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.78
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Landscape: 600
  • Expense Maintenance: 2000
  • Expenses Total: 10425
  • Income Annual Gross: 44100.00
  • Income Annual Rental: 45000
  • Income Gross Scheduled: 45000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 2
  • Operating Expenses Include: Maintenance - Repair, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
08/10/2018 08/10/18 Sold $574,575 -0.1% $398 / Sq Ft
06/27/2018 06/27/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $575,000 -- $398 / 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 $7,383 $640,944 $334,654 $306,290
2024 $7,383 $628,378 $328,093 $300,285
2023 $7,135 $616,058 $321,660 $294,398
2022 $6,865 $603,979 $315,353 $288,626
2021 $6,595 $592,137 $309,170 $282,967
2020 $6,413 $586,066 $306,000 $280,066
2019 $6,368 $574,575 $300,000 $274,575
2018 $2,888 $255,245 $141,803 $113,442
2017 $2,891 $250,241 $139,023 $111,218
2016 $2,892 $245,336 $136,298 $109,038
2015 $2,917 $241,652 $134,251 $107,401
2014 $2,725 $236,920 $131,622 $105,298
Source: Public Records

Agents Affiliated with this Home

  • Dale Handley

    Seller's Agent in 2018

    Dale Handley

    Town'N Country Realty

    (831) 424-0001

    31 in this area

    98 Total Sales

    Dale Handley
    Section Image
  • Jeff Pluta

    Seller Co-Listing Agent in 2018

    Jeff Pluta

    Town'N Country Realty

    (831) 214-0042

    11 in this area

    42 Total Sales

    Jeff Pluta
    Section Image
  • Lisa Brom

    Buyer's Agent in 2018

    Lisa Brom

    Sotheby’s International Realty

    (831) 682-0126

    3 in this area

    43 Total Sales

    Lisa Brom
    Section Image
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Map

Source: MLSListings

MLS Number: ML81711392

MLSListings

APN: 002-133-024-000

California Monterey County Salinas 93901 South Salinas

43 Villa St, Salinas, CA

Not Listed for Sale

MultiFamily

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