NOT LISTED FOR SALE

538 Fremont St Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $714,000 - $942,000

6 Beds
4 Baths
1,860 Sq Ft
$420/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $695,000 $374 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,788/month

40 Days on Market

About This Home

As of December 2023

Great duplex investment opportunity, 2 units each unit features 3 bedrooms and 2 baths, concrete slab and stucco exterior, carport and plenty of off street parking, units were built in 1991. Buy as an investment or live in one and rent the other.

Last Agent to Sell the Property

Alfred Ramirez

Ramirez Properties License #01095452 Listed on: 08/12/2023

Last Buyer's Agent

Sara Pantoja

CENTURY 21 Masters License #01180215

CENTURY 21 Masters

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,121

Year Built

  • 1991

Lot Details

  • 6,499

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,860 Sq Ft Home
  • 1-Story Property

Parking

  • 6 Parking Spaces
  • 2 Carport Spaces

Additional Features

  • 6,499 Sq Ft Lot
  • Heating System Uses Gas

Listing and Financial Details

  • Total Actual Rent $40,800

Community Details

Overview

Building Details

  • 2 Leased Units
  • Insurance Expense $1,000
  • Operating Expense $3,255
  • Gross Income $40,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,121

Year Built

1991

Lot Details

0

Listing Details

  • Zoning: R-4
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1860
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1991

Interior Features

  • Living Sq Ft: 1860
  • Stories: 1

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 6
  • Garage Parking Features: Covered Parking
  • Carport Min: 2

Utilities

  • Heating System: Gas
  • Sewer/Septic System: Sewer - Public

Lot Info

  • Lot Acres: 0.1492
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.03
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expenses Total: 3255
  • Income Annual Gross: 40800.00
  • Income Annual Rental: 40800
  • Income Gross Scheduled: 40800
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 28, 2025
Sold by
Ruvalcaba Daniel Ortega and Ortega Kristina Pantoja
Bought by
Ruvalcaba Daniel Ortega and Ortega Kristina Pantoja
Current Estimated Value
$781,483

Purchase Details

Closed on
Oct 28, 2024
Sold by
Pantoja Ubertino and Pantoja Victoria
Bought by
Ubertino And Victoria Pantoja Living Trust and Pantoja

Purchase Details

Listed on
Aug 12, 2023
Closed on
Nov 13, 2023
Sold by
Equity Trust Co
Bought by
Ruvalcaba Daniel Ortega and Ortega Kristina Pantoja
Seller's Agent
Alfred Ramirez
Ramirez Properties
Buyer's Agent
Sara Pantoja
CENTURY 21 Masters
List Price
$695,000
Sold Price
$695,000
Views
240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.40%
Original Mortgage
$521,250
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 2, 2011
Sold by
Bank Of America Na
Bought by
Equity Trust Company and Martha M Mcvay Ira

Purchase Details

Closed on
Aug 30, 2011
Sold by
Zarate Norberto
Bought by
Bank Of America Na

Purchase Details

Closed on
May 20, 2005
Sold by
Politron Armando and Politron Yolanda
Bought by
Zarate Norberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2001
Sold by
Alvarez Santiago and Ojeda Ester
Bought by
Manzo Jesus D and Manzo Olivia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Interest Rate
7.11%

Purchase Details

Closed on
Dec 2, 1994
Sold by
Sood Vinay K
Bought by
Sood Naven and Sood Praven

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,890
Interest Rate
9.08%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 28, 1994
Sold by
Godnick Joanne and Mcfarland James R
Bought by
Alvarez Santiago and Ojeda Esther

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,890
Interest Rate
9.08%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 27, 1994
Sold by
Mendoza Sandra
Bought by
Mendoza Rigoberto

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,890
Interest Rate
9.08%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 1994
Sold by
Mendoza Magdalena
Bought by
Mendoza Manuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,890
Interest Rate
9.08%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 7, 1994
Sold by
Wee Four Inc
Bought by
Godnick Joanne and Mcfarland James R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Ruvalcaba Daniel Ortega -- None Listed On Document
Ubertino And Victoria Pantoja Living Trust -- None Listed On Document
Ruvalcaba Daniel Ortega $695,000 First American Title
Equity Trust Company $126,500 Lsi Title Company Inc
Bank Of America Na $220,365 First American Title Company
Zarate Norberto $685,000 Chicago Title
Manzo Jesus D -- Chicago Title Co
Sood Naven -- Chicago Title
Alvarez Santiago -- Chicago Title
Alvarez Santiago -- Chicago Title Company
Alvarez Santiago -- Chicago Title Company
Alvarez Santiago $165,000 Chicago Title
Mendoza Rigoberto -- Chicago Title
Mendoza Manuel -- Chicago Title
Godnick Joanne $189,582 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ruvalcaba Daniel Ortega $521,250
Previous Owner Zarate Norberto $504,000
Previous Owner Manzo Jesus D $256,500
Previous Owner Alvarez Santiago $160,890
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/08/2023 12/08/23 Sold $695,000 0.0% $374 / Sq Ft
09/22/2023 09/22/23 Pending -- -- --
09/13/2023 09/13/23 For Sale $695,000 0.0% $374 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
08/12/2023 08/12/23 For Sale $695,000 -- $374 / 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 $8,121 $708,900 $306,000 $402,900
2024 $8,121 $695,000 $300,000 $395,000
2023 $2,343 $695,000 $300,000 $395,000
2022 $2,255 $195,285 $59,175 $136,110
2021 $2,167 $191,457 $58,015 $133,442
2020 $2,108 $189,495 $57,421 $132,074
2019 $2,092 $185,781 $56,296 $129,485
2018 $2,063 $182,140 $55,193 $126,947
2017 $2,065 $178,569 $54,111 $124,458
2016 $2,066 $175,068 $53,050 $122,018
2015 $2,084 $172,440 $52,254 $120,186
2014 $1,947 $169,063 $51,231 $117,832
Source: Public Records

Agents Affiliated with this Home

  • Alfred Ramirez

    Seller's Agent in 2023

    Alfred Ramirez

    Ramirez Properties

    (831) 443-1515

    15 in this area

    86 Total Sales

    Alfred Ramirez
    Section Image
  • Sara Pantoja

    Buyer's Agent in 2023

    Sara Pantoja

    CENTURY 21 Masters

    (831) 970-7390

    26 in this area

    87 Total Sales

    Sara Pantoja
    Section Image
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Map

Source: MLSListings

MLS Number: ML81938217

MLSListings

APN: 004-023-024-000

California Monterey County Salinas 93905 East Salinas

538 Fremont St, Salinas, CA

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