447 Soledad St Salinas, CA 93901
Downtown Salinas NeighborhoodEstimated payment $5,943/month
About This Home
Investment Opportunity in South Salinas! This four-unit property offers a desirable unit mix consisting of one 3-bedroom, 1.5-bath unit, one 2-bedroom, 1-bath unit, and two 2-bedroom, 1.5-bath units. Do not disturb tenants. Three units are currently tenant occupied and Unit #3 is available to rent out upon purchase, providing an opportunity for a new owner to make improvements and establish a new tenancy at a market rent, subject to applicable rental laws and regulations. The property has deferred maintenance and is being offered in its present condition, providing an opportunity for an investor to make improvements over time and enhance the property's overall condition and income potential. Convenient South Salinas location with access to shopping, schools, services, and major thoroughfares. A great opportunity for an investor looking for an established four-unit property with existing rental income, and future value-add potential.
Property Details
Home Type
- Multi-Family
Year Built
- 1981
Home Design
- 4,175 Sq Ft Home
- Quadruplex
- Tar and Gravel Roof
- Concrete Perimeter Foundation
Parking
- 6 Carport Spaces
- On-Street Parking
- Assigned Parking
Utilities
- Wall Furnace
Community Details
Overview
- 4,175 Sq Ft Building
Building Details
- 3 Leased Units
- Insurance Expense $7,204
- Maintenance Expense $1,631
- Manager Expense $7,503
- Other Expense $10,185
- Utility Expense $8,728
- Operating Expense $40,740
- Gross Income $29,923
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2026 | $5,489 | $1,142,400 | $535,500 | $606,900 |
| 2025 | $5,028 | $434,466 | $114,829 | $319,637 |
| 2024 | $5,028 | $425,948 | $112,578 | $313,370 |
| 2023 | $4,860 | $417,597 | $110,371 | $307,226 |
| 2022 | $4,679 | $409,409 | $108,207 | $301,202 |
| 2021 | $4,496 | $401,383 | $106,086 | $295,297 |
| 2020 | $4,372 | $397,269 | $104,999 | $292,270 |
| 2019 | $4,340 | $389,481 | $102,941 | $286,540 |
| 2018 | $4,285 | $381,845 | $100,923 | $280,922 |
| 2017 | $4,289 | $374,359 | $98,945 | $275,414 |
| 2016 | $4,292 | $367,019 | $97,005 | $270,014 |
| 2015 | $4,329 | $361,507 | $95,548 | $265,959 |
| 2014 | $4,041 | $354,427 | $93,677 | $260,750 |
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 |
|---|---|---|---|---|
| 08/19/2026 08/19/26 | For Sale | $999,000 | -- | $239 / Sq Ft |
Source: MLSListings
MLS Number: ML82057880
APN: 002-354-008
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