NOT LISTED FOR SALE

430 Salinas Rd Royal Oaks, CA 95076

Estimated Value: $896,000

9 Beds
4 Baths
3,272 Sq Ft
$274/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $1,639,000 $501 Per Sq Ft

Est. 45% decrease in value since last sale

Current estimated payment $4,863/month

71 Days on Market

Highlights

  • 0.29 Acre Lot
  • 2 Car Garage
  • Vinyl Flooring
  • High Ceiling
  • Forced Air Heating System

About This Home

As of June 2022

6.58% CAP Rate!!! This is an incredible investment opportunity. All units have seen an extensive remodel with too many updates and upgrades to name here. The property consists of three detached houses and two separate two-car garages. Unit #A is a three-bedroom/one-bath home with a detached two-car garage. Unit #B is a three-bedroom/two-bath home with a private yard and a large storage area. Unit #C is a three-bedroom/one-bath home with a two-car attached garage. The property offers lots of off-street parking for all units. This is a large lot consisting of .29 acres situated in a convenient location with close proximity to shops, amenities, and HWY 1.

Last Agent to Sell the Property

Sean Poudrier

Coldwell Banker Realty License #01932326 Listed on: 03/18/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 0.29

Parking

  • 2 Car Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,272 Sq Ft Home
  • High Ceiling
  • Vinyl Flooring
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Additional Features

  • 0.29 Acre Lot
  • Forced Air Heating System

Listing and Financial Details

  • Total Actual Rent $123,600
  • 24 Month Lease Term

Community Details

Overview

  • 3,272 Sq Ft Building

Building Details

  • 2 Leased Units
  • Insurance Expense $2,500
  • Operating Expense $15,000
  • Gross Income $123,600

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0.29 Acres

Parking

2

Listing Details

  • Zoning: HI
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3272
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 3272
  • Security: Fire Alarm
  • Laundry: Hookups Only
  • Flooring: Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 8
  • Garage Parking Features: Attached Garage, Detached Garage, Off-Street Parking, Parking Area

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Acres: 0.2900
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12632.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12632.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, 2 Years Lease, Lease Agreement - Written, Security Deposit
  • Gross Rent Multiplier: 13.34
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2500
  • Expenses Total: 15000
  • Income Annual Gross: 123600.00
  • Income Annual Rental: 123600
  • Income Gross Scheduled: 123600
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Insurance
  • Tenant Expenses: All Expenses, Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 4, 2024
Sold by
Gomez Monica Mejia and Garcia Naba Adolfo
Bought by
2024 Diego Garcia Mejia Irrevocable Gst Trust and 2024 Leslie Garcia Mejia Irrevocable Gst Trus
Current Estimated Value
$896,000

Purchase Details

Closed on
May 12, 2021
Sold by
Naba Adolfo Garcia and Mejia Monica
Bought by
Garcia Adolfo and Mejia Monica

Purchase Details

Closed on
Mar 26, 2020
Sold by
Coast 1031 Exchange Inc
Bought by
Naba Adolfo Garcia and Mejia Monica

Purchase Details

Closed on
Jun 5, 2019
Sold by
Cooler Watsonville Berry
Bought by
Coast 1031 Exchange Inc

Purchase Details

Closed on
Sep 2, 1994
Sold by
Welch Geraldine and Rush Glenn Paul
Bought by
Cooler Watsonville Berry

Purchase Details

Closed on
Jul 18, 1994
Sold by
Welch Robert Duane
Bought by
Welch Geraldine

Purchase Details

Closed on
Mar 9, 1992
Sold by
Rush Lillian Irene
Bought by
Welch Geraldine and Rush Glen Paul
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
2024 Diego Garcia Mejia Irrevocable Gst Trust -- None Listed On Document
Garcia Adolfo -- None Available
Naba Adolfo Garcia $1,610,000 First American Title Company
Coast 1031 Exchange Inc $6,000,000 First American Title Company
Cooler Watsonville Berry $65,000 First American Title Co
Welch Geraldine -- First American Title Co
Welch Geraldine -- Santa Cruz Title Company
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2022 06/17/22 Sold $1,639,000 -0.6% $501 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $1,649,000 +64.9% $504 / Sq Ft
10/01/2021 10/01/21 Sold $1,000,000 -4.8% $306 / Sq Ft View Prior Sale
09/24/2021 09/24/21 Pending -- -- --
09/05/2021 09/05/21 For Sale $1,050,000 -- $321 / Sq Ft
Source: MLSListings

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 $3,133 $202,323 $202,323 --
2024 $3,133 $198,356 $198,356 --
2023 $2,372 $194,467 $194,467 $0
2022 $2,327 $190,654 $190,654 $0
2021 $2,272 $186,916 $186,916 $0
2020 $2,253 $188,700 $188,700 $0
2019 $1,276 $97,853 $94,851 $3,002
2018 $1,246 $95,936 $92,992 $2,944
2017 $1,235 $94,056 $91,169 $2,887
2016 $1,202 $92,213 $89,382 $2,831
2015 $1,107 $90,829 $88,040 $2,789
2014 $1,086 $89,051 $86,316 $2,735
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81880990

MLSListings

APN: 117-301-001-000

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