NOT LISTED FOR SALE

604 Capitol St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $677,000 - $926,000

4 Beds
3 Baths
1,768 Sq Ft
$423/Sq Ft Est. Value

Sale Details

Date Sold: March 20, 2025

Last sale price $683,000 $386 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,220 / mo

6 Days on Market

Highlights

  • High Ceiling
  • Double Pane Windows
  • Kitchen Island
  • 2 Car Detached Garage
  • Walk-In Closet
  • Ceiling Fan

About This Home

As of March 2025

South Salinas Investment opportunity! Two homes on one lot. Front house is a Three Bedroom with two full baths. The inside has high ceilings a spacious oversize kitchen along with inside Laundry. Down the driveway to the back home you will find a one bedroom, one bathroom home. This unit just got a new roof installed this week! There is a two car garage that is shared and located between the two homes. Back unit has been rented for over 20 yrs. Front unit was gone though a few years back and has had tenants in it since. Water, Gas, Electric are all separated. Property sits behind Salinas High School, so a quick walk to there and other downtown popular locations. This home has been in the same family since the beginning. Its up for sale for the first time. Take a look and see if its right for you!

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 02/28/2025

Last Buyer's Agent

Bill Backus

Backus Properties License #01332230 Listed on: 02/28/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 5,532 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Duplex
  • Rolled or Hot Mop Roof
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,768 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Washer and Dryer Hookup

Kitchen

  • Gas Oven
  • Kitchen Island
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • Walk-In Closet
  • Low Flow Toliet

Utilities

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

Listing and Financial Details

  • Total Actual Rent $51,840

Community Details

Overview

  • 1,768 Sq Ft Building

Building Details

  • 2 Leased Units
  • Gardener Expense $350
  • Insurance Expense $406
  • Maintenance Expense $375
  • Manager Expense $215
  • Utility Expense $1,295
  • Trash Expense $201
  • Operating Expense $5,268
  • Gross Income $51,840

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

5,532 Sq Ft Lot

Parking

2

Listing Details

  • Zoning: R-M-2.9
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1768
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Kitchen: Countertop - Laminate, Island, Oven Range - Gas, Refrigerator, Varies By Unit
  • Living Sq Ft: 1768
  • Stories: 1
  • Laundry: Hookups Only
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition, Rolled Composition

Garage/Parking

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

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Walk-In Closet

Lot Info

  • Lot Acres: 0.1270
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5532.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5532.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.02
  • Number Of Leased: 2

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 406
  • Expense Landscape: 350
  • Expense Maintenance: 375
  • Expense Management: 215
  • Expenses Total: 5268
  • Expenses Utility: 1295
  • Expense Trash: 201
  • Income Annual Gross: 51840.00
  • Income Annual Rental: 51840
  • Income Gross Scheduled: 51840
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Services - Gardener, Services - Sewer, Services - Trash Removal
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water

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
Feb 28, 2025
Closed on
Mar 19, 2025
Sold by
Bought by
Seller's Agent
Bill Backus
Backus Properties
Buyer's Agent
Bill Backus
Backus Properties
List Price
$675,000
Sold Price
$683,000
Premium/Discount to List
$8,000
1.19%
Views
34
Current Estimated Value
$748,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,283
Avg. Annual Appreciation
7.33%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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

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
$683,000 Chicago Title Company
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
03/20/2025 03/20/25 Sold $683,000 +1.2% $386 / Sq Ft
03/07/2025 03/07/25 Pending -- -- --
02/28/2025 02/28/25 For Sale $675,000 -- $382 / 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 $2,426 $207,346 $165,097 $42,249
2024 $2,426 $203,281 $161,860 $41,421
2023 $2,345 $199,296 $158,687 $40,609
2022 $2,251 $195,389 $155,576 $39,813
2021 $2,159 $191,559 $152,526 $39,033
2020 $2,100 $189,596 $150,963 $38,633
2019 $2,084 $185,879 $148,003 $37,876
2018 $2,039 $182,235 $145,101 $37,134
Source: Public Records

Agents Affiliated with this Home

  • Bill Backus

    Seller's Agent in 2025

    Bill Backus

    Backus Properties

    (831) 262-9730

    27 in this area

    80 Total Sales

    Bill Backus
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Map

Source: MLSListings

MLS Number: ML81995965

MLSListings

APN: 002-432-017-000

California Monterey County Salinas 93901 South Salinas

604 Capitol St, Salinas, CA

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