NOT LISTED FOR SALE

5 Llano Ave Salinas, CA 93907

Estimated Value: $557,000 - $731,422

4 Beds
2 Baths
1,536 Sq Ft
$402/Sq Ft Est. Value

Last Sold July 31, 2013

Last sale price $270,000 $176 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $3,531/month

254 Days on Market

Highlights

  • Post and Beam
  • Level Lot
  • 1-Story Property
  • Neighborhood Views
  • Wall to Wall Carpet
  • 3-minute walk to Spreckels Memorial Park

About This Home

As of July 2013

5 & 7 Llano.Good income property with Section 8 providing tenants. This is deed restricted to low-modrate income tenants. Owner and or immediate family can NOT occupy. Same floorplan each side with eat in kitchen with dining bar at living room, inside laundry, cement patio in back, lots of parking.

Last Agent to Sell the Property

Dean Provence

Shankle Real Estate License #00833476 Listed on: 09/05/2012

Last Buyer's Agent

Dean Provence

Shankle Real Estate License #00833476 Listed on: 09/05/2012

Property Details

Home Type

  • Multi-Family

Year Built

  • 1966

Lot Details

  • 7,275

Home Design

  • Duplex
  • Post and Beam
  • Composition Roof

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Oven or Range

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • Uncovered Parking
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Sewer Within 50 Feet

Additional Features

  • Energy-Efficient Insulation
  • Level Lot

Listing and Financial Details

  • Total Actual Rent $23,880
  • The owner pays for garbage, services - gardener/landscaping

Community Details

Overview

  • 1,536 Sq Ft Building

Building Details

  • Insurance Expense $1,000
  • Maintenance Expense $1,000
  • Operating Expense $7,164
  • Gross Income $23,402

Property Details

Home Type

Multi-Family

Year Built

1966

Lot Details

0

Listing Details

  • Zoning: R2
  • Subclass: Duplex
  • Inspections Reports: Fault Zone, Geological/Flood, Pest Control, Property Inspection, Flood Zone
  • Sale Price Per Sq Ft: 175.78
  • Listing Class: Residential Income (2-4 Units)
  • Max Numberof Unitsin Complex: 2
  • Min Numberof Unitsin Complex: 2
  • Structure Sq Ft: 1536
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1966

Interior Features

  • Kitchen: Oven Range, Refrigerator
  • Living Sq Ft: 1536
  • Stories: 1
  • Laundry: 220 Volt Outlet, Washer/Dryer - Owned, Laundry Area - In All Units
  • Flooring: Carpet - Wall To Wall, Vinyl / Linoleum, Carpet

Exterior Features

  • Foundation: Post And Beam
  • Roof: Composition
  • View: Local/Neighborhood

Garage/Parking

  • Garage Parking Features: Off-Street Parking, Uncovered Parking

Utilities

  • Heating System: Wall Furnace, Gas
  • Sewer/Septic System: Sewer In Street, Sewer Connected

Lot Info

  • Lot Description: Grade - Level
  • Lot Location: Corner
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7265.00
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Max Search: 7265.00
  • Lot Size Area Min Search: 7265.00
  • Maximum Lot Size: 7265.00

Green Features

  • Energy Features: Insulation - Unknown

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 12.52

Multi Family

  • Expense Insurance: 1000
  • Expense Maintenance: 1000
  • Expenses Total: 7164
  • Expense Water Sewer: 390
  • Income Annual Gross: 23402.00
  • Income Annual Rental: 23880
  • Income Gross Scheduled: 23880
  • Income Includes: Lease
  • Maximum Building Height: 1
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Minimum Building Height: 1
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Trash Removal, Services - Gardener, Maintenance - Repair, Fee - Property Tax, Services - Sewer
  • Owner Pays: Garbage, Services - Gardener/Landscaping
  • Tenant Expenses: Utilities - Gas, Utilities - Water, Utilities - Heating, Utilities - Hot Water, Cable Tv, Utilities - Electric, Services - Trash Removal
  • Vacancy Amount: 478
  • Vacancy Factor: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2017
Sold by
Zhang Xiao
Bought by
Li Xuye Sam
Current Estimated Value
$617,141

Purchase Details

Listed on
Sep 5, 2012
Closed on
Aug 2, 2013
Sold by
Weber Mary Louise
Bought by
Zhang Xiao and Li Xuye
Seller's Agent
Dean Provence
Shankle Real Estate
Buyer's Agent
Dean Provence
Shankle Real Estate
List Price
$325,000
Sold Price
$270,000
Premium/Discount to List
-$55,000
-16.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Original Mortgage
$202,500
Interest Rate
4.46%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2004
Sold by
Silva Joe A and Silva Virginia
Bought by
Weber Mary Louise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,000
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 21, 2003
Sold by
Silva Joe A and Silva Virginia
Bought by
Silva Joe A and Silva Virginia

Purchase Details

Closed on
Aug 14, 2003
Sold by
Woodman Development Co Inc
Bought by
Silva Joe A and Silva Virginia

Purchase Details

Closed on
Aug 20, 1999
Sold by
Silva Joe A and Silva Virginia L
Bought by
Silva Joe A and Silva Virginia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.64%

Purchase Details

Closed on
Jul 8, 1999
Sold by
Shade James M and Shade Carol A
Bought by
Silva Joe A and Silva Virginia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
7.64%
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Li Xuye Sam -- None Available
Zhang Xiao $270,000 Chicago Title Company
Weber Mary Louise $399,000 Stewart Title
Silva Joe A -- --
Silva Joe A -- --
Silva Joe A -- Chicago Title Co
Silva Joe A $165,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zhang Xiao $202,500
Previous Owner Weber Mary Louise $263,000
Previous Owner Silva Joe A $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/31/2013 07/31/13 Sold $270,000 -16.9% $176 / Sq Ft
05/17/2013 05/17/13 Pending -- -- --
09/05/2012 09/05/12 For Sale $325,000 -- $212 / 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 $4,037 $330,968 $165,484 $165,484
2024 $4,037 $324,480 $162,240 $162,240
2023 $3,899 $318,118 $159,059 $159,059
2022 $3,709 $311,882 $155,941 $155,941
2021 $3,553 $305,768 $152,884 $152,884
2020 $3,474 $302,634 $151,317 $151,317
2019 $3,453 $296,700 $148,350 $148,350
2018 $3,409 $290,884 $145,442 $145,442
2017 $3,483 $285,182 $142,591 $142,591
2016 $3,363 $279,592 $139,796 $139,796
2015 -- $275,394 $137,697 $137,697
2014 -- $271,224 $135,612 $135,612
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Dean Provence

    Shankle Real Estate

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Map

Source: MLSListings

MLS Number: ML81232879

MLSListings

APN: 177-064-009-000

California Monterey County Salinas 93907

5 Llano Ave, Salinas, CA

Not Listed for Sale

MultiFamily

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