$1,398,000

50 & 54 Katherine Ave Salinas, CA 93901

South Salinas Neighborhood

Estimated payment $9,000/month

Total Views 25,287
4 Beds
4 Baths
2,000 Sq Ft
$699 Price per Sq Ft

Highlights

  • Downtown View
  • Walk-In Closet
  • Guest Parking
  • Traditional Architecture
  • Tile Countertops
  • Floor Furnace

About This Home

50 & 54 Katherine Ave, Salinas, CA 93901. Rare opportunity to purchase two separate legal parcels, each with its own single-family home, side by side in desirable South Salinas. Both homes have separate water, gas, and electric meters and are currently rented at market rents with professional property management in place, generating a combined monthly income of $4,995. The City of Salinas confirms that each parcel qualifies for an ADUallowing future owners to convert garages or rear space to add a second unit to both properties (buyer to verify). This creates significant potential to increase rental income and build equity over time. Perfect for investors seeking stable, income-producing properties. The step-up in tax basis has already been completed, minimizing the risk of a large supplemental tax bill. Please do not disturb tenants or visit the property without an appointment.

Listing Agent

ConnieJo Stubblefield

RE/MAX Empire Properties License #01707320 Listed on: 07/08/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1928

Lot Details

  • 0.28 Acre Lot
  • Back Yard

Parking

  • 2 Car Garage
  • 1 Carport Space
  • Workshop in Garage
  • Guest Parking
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 2,000 Sq Ft Home
  • 1-Story Property
  • Downtown Views
  • Tile Countertops
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Utilities

  • Floor Furnace
  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

Community Details

Overview

  • 2,000 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $5,000
  • Maintenance Expense $1,000
  • Manager Expense $500
  • Operating Expense $21,831
  • Gross Income $59,341

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

0

Parking

2

Listing Details

  • Zoning: sfr
  • Subclass: Multiple Dwellings / Structures
  • Style: Traditional
  • Age: 97
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2000
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1928

Interior Features

  • Kitchen: Appliances - Vary By Unit, Countertop - Tile, Exhaust Fan, Refrigerator
  • Living Sq Ft: 2000
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Rolled Composition
  • View: Downtown
  • Yard/Grounds: Back Yard
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 4
  • Garage Parking Features: Guest / Visitor Parking, Off-Street Parking, Workshop In Garage
  • Carport Min: 1

Utilities

  • Heating System: Floor Furnace, Wall Furnace
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Salinas Union High
  • High School: Salinas High
  • High School: 583

Lot Info

  • Lot Description: Regular
  • Lot Acres: 0.2779
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 12105.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 12105.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease
  • Gross Rent Multiplier: 23.32
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 5000
  • Expense Maintenance: 1000
  • Expense Management: 500
  • Expenses Total: 21831
  • Income Annual Gross: 59341.00
  • Income Annual Rental: 59940
  • Income Gross Scheduled: 59940
  • Income Includes: Lease, Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 4
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Vacancy Factor
  • Tenant Expenses: Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Hot Water, Utilities - Water
  • Vacancy Factor: 1

Map

Range of Values:

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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 Change Sq Ft Price
07/08/2025 07/08/25 For Sale $1,398,000 -- $699 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82013810

MLSListings
California Monterey County Salinas 93901 South Salinas

50 & 54 Katherine Ave, Salinas, CA

This home is located at 50 & 54 Katherine Ave, Salinas, CA 93901 and is currently priced at $1,398,000, approximately $699 per square foot. This property was built in 1928. 50 & 54 Katherine Ave is a home located in Monterey County with nearby schools including Monterey Park Elementary School, Lincoln Elementary School, and Mission Park Elementary School.

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ConnieJo Stubblefield
Listing Agent
ConnieJo Stubblefield
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RE/MAX Empire Properties
(408) 317-1505