NOT LISTED FOR SALE

56 N Pearl St Salinas, CA 93905

East Salinas Neighborhood

Estimated Value: $551,000 - $641,000

4 Beds
2 Baths
1,310 Sq Ft
$456/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $499,000 $381 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $3,761/month

16 Days on Market

About This Home

As of May 2022

Contractor/Builder special! Fixer-upper and building opportunity with 8500 SF lot. Two unit property (3/1 and 1/1. The 1 bedroom unit needs to be rebuilt), Also, can add at least one ADU and maybe garage can be converted to Junior ADU or more (Check with City of Salinas). Being sold as-is.

Last Agent to Sell the Property

Peter Sheets

Century 21 A Property Shoppe License #01076194 Listed on: 04/12/2022

Century 21 A Property Shoppe

Last Buyer's Agent

Lucila Rubio

Century 21 A Property Shoppe License #01468321

Century 21 A Property Shoppe

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,086

Year Built

  • 1934

Lot Details

  • 8,499 Sq Ft Lot

Parking

  • 1 Car Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Mudsill Foundation
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,310 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $22,320

Community Details

Overview

  • 1,310 Sq Ft Building

Building Details

  • 1 Leased Unit
  • Insurance Expense $400
  • Maintenance Expense $900
  • Utility Expense $450
  • Operating Expense $3,010
  • Gross Income $22,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,086

Year Built

1934

Lot Details

0

Parking

1

Listing Details

  • Zoning: RM-2.9
  • Subclass: Duplex
  • Age: 88
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1310
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1934

Interior Features

  • Living Sq Ft: 1310
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter, Mudsill
  • Roof: Composition
  • Construction Type: Wood, Wood Frame

Garage/Parking

  • Garage Spaces: 1
  • Parking Spaces: 6
  • Garage Parking Features: Attached Garage, Off-Street Parking, On Street

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1951
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8500.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8500.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 22.36
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
  • Expense Insurance: 400
  • Expense Maintenance: 900
  • Expenses Total: 3010
  • Expenses Utility: 450
  • Income Annual Gross: 22320.00
  • Income Annual Rental: 22320
  • Income Gross Scheduled: 22320
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Navarro Andrea $315,000
Closed Navarro Andrea $205,000
Closed Navarro Andrea $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $499,000 0.0% $381 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $499,000 -- $381 / 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 $6,086 $529,542 $275,914 $253,628
2024 $6,086 $519,159 $270,504 $248,655
2023 $5,882 $508,980 $265,200 $243,780
2022 $1,309 $499,000 $260,000 $239,000
2021 $1,258 $108,581 $81,445 $27,136
2020 $1,224 $107,468 $80,610 $26,858
2019 $1,214 $105,362 $79,030 $26,332
2018 $1,196 $103,297 $77,481 $25,816
2017 $1,197 $101,272 $75,962 $25,310
2016 $1,197 $99,287 $74,473 $24,814
2015 $1,207 $97,797 $73,355 $24,442
2014 $1,129 $95,883 $71,919 $23,964
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Peter Sheets

    Century 21 A Property Shoppe

    (831) 320-1706

    5 in this area

    8 Total Sales

    Peter Sheets
    Section Image
  • Lucila Rubio

    Buyer's Agent in 2022

    Lucila Rubio

    Century 21 A Property Shoppe

    (831) 682-0993

    5 in this area

    43 Total Sales

    Lucila Rubio
    Section Image
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Map

Source: MLSListings

MLS Number: ML81886568

MLSListings

APN: 004-074-031-000

California Monterey County Salinas 93905 East Salinas

56 N Pearl St, Salinas, CA

This home is located at 56 N Pearl St, Salinas, CA 93905 since 12 April 2022 and is currently estimated at $597,173, approximately $455 per square foot. This property was built in 1934. 56 N Pearl St is a home located in Monterey County with nearby schools including Sherwood Elementary School, Los Padres Elementary School, and Washington Middle School.

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