NOT LISTED FOR SALE
7 Beds
4 Baths
2,765 Sq Ft
9,309 Sq Ft Lot

Sale Details

Date Sold: September 9, 2021

Last sale price $975,000 $353 Per Sq Ft

3 Days on Market

Highlights

  • Deck
  • 3 Car Attached Garage
  • Washer and Dryer
  • Balcony
  • Coin Laundry
  • Grass Covered Lot

About This Home

As of September 2021

South Salinas triplex with a great unit mix. Two 2 bed / 1 bath units & a 3 bed / 2 bath unit All units have a one-car garage. Each unit has a backyard or a deck. Rents have potential upside. One 2 bed unit has washer dryer hookups. There is a coin-operated laundry room. 536 & 540 Capitol Street bathrooms have tile flooring and High Macs (Corian type material) shower surrounds. 540 Capitol Street has laminate flooring in the living room and kitchen. Hardwood in bedrooms and hallway. 536 & 538 Capitol Street have hardwood flooring. throughout.

Last Agent to Sell the Property

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 07/11/2021

Last Buyer's Agent

Hap Albers

Albers Real Estate Investment Company License #01006595 Listed on: 07/11/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 9,309 Sq Ft Lot
  • Grass Covered Lot
  • Back Yard

Parking

  • 3 Car Attached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,765 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $60,900

Community Details

Overview

Amenities

  • Coin Laundry

Building Details

  • 3 Leased Units
  • Gardener Expense $500
  • Insurance Expense $1,403
  • Maintenance Expense $2,250
  • Manager Expense $2,986
  • Other Expense $100
  • Utility Expense $1,764
  • Trash Expense $1,080
  • Operating Expense $20,332
  • Gross Income $59,702

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

9,309 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: Residential Commercial
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2765
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 2765
  • Stories: 1
  • Laundry: Coin Operated, Washer / Dryer, Washer/Dryer - Some Units

Exterior Features

  • Foundation: Concrete Perimeter And Slab, Concrete Slab
  • Roof: Composition
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Low Maintenance

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

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

Schools

  • High School: 583

Lot Info

  • Lot Acres: 0.2137
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 9309.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 9309.00

Rental Info

  • Existing Lease Term(s): Less Than 1 Yr, Month To Month
  • Gross Rent Multiplier: 15.42
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas
  • Expense Insurance: 1403
  • Expense Landscape: 500
  • Expense Maintenance: 2250
  • Expense Management: 2986
  • Expenses Other: 100
  • Expenses Total: 20332
  • Expenses Utility: 1764
  • Expense Trash: 1080
  • Income Annual Gross: 59702.00
  • Income Annual Rental: 60900
  • Income Gross Scheduled: 61548
  • Income Includes: Coin Operated Equip, Laundry
  • Income Other: 648
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Maintenance - Exterminator, Maintenance - Laundry, Maintenance - Repair, Services - Sewer, Utilities - Water, Vacancy Factor
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Vacancy Factor: 3

Ownership 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 Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2021
Closed on
Sep 9, 2021
Sold by
Bought by
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Hap Albers
Albers Real Estate Investment Company
List Price
$949,000
Sold Price
$975,000
Premium/Discount to List
$26,000
2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,425
Interest Rate
0.028%
Mortgage Type
VA

Purchase Details

Listed on
Jul 11, 2021
Closed on
Sep 3, 2021
Sold by
Bought by
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Hap Albers
Albers Real Estate Investment Company
List Price
$949,000
Sold Price
$975,000
Premium/Discount to List
$26,000
2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,425
Interest Rate
0.028%
Mortgage Type
VA

Purchase Details

Listed on
Jul 11, 2021
Closed on
Sep 2, 2021
Sold by
Bought by
Seller's Agent
Hap Albers
Albers Real Estate Investment Company
Buyer's Agent
Hap Albers
Albers Real Estate Investment Company
List Price
$949,000
Sold Price
$975,000
Premium/Discount to List
$26,000
2.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,425
Interest Rate
0.028%
Mortgage Type
VA

Purchase Details

Closed on
Apr 14, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 1, 2000
Sold by
Bought by

Purchase Details

Closed on
Dec 5, 1997
Sold by
Bought by
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

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 Buyer Sale Price Title Company
-- --
-- First American Title Company
$975,000 First American Title
-- First American Title
-- --
-- --
-- --
Source: Public Records

Mortgage 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 Status Borrower Loan Amount
Open $997,425
Source: Public Records

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
09/09/2021 09/09/21 Sold $975,000 +2.7% $353 / Sq Ft
07/15/2021 07/15/21 Pending -- -- --
07/11/2021 07/11/21 For Sale $949,000 -- $343 / Sq Ft
Source: MLSListings

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
2025 $11,535 $1,014,390 $468,180 $546,210
2024 $11,535 $994,500 $459,000 $535,500
2023 $11,145 $975,000 $450,000 $525,000
2022 $1,302 $975,000 $450,000 $525,000
2021 $1,327 $112,960 $20,819 $92,141
2020 $1,292 $111,803 $20,606 $91,197
2019 $1,279 $109,611 $20,202 $89,409
2018 $1,261 $107,462 $19,806 $87,656
2017 $1,262 $105,356 $19,418 $85,938
2016 $1,262 $103,291 $19,038 $84,253
2015 $1,272 $101,741 $18,753 $82,988
2014 $1,192 $99,749 $18,386 $81,363
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81853027

MLSListings

APN: 002-412-023

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