NOT LISTED FOR SALE

606 Towt St Salinas, CA 93905

East Salinas Neighborhood
4 Beds
3 Baths
1,425 Sq Ft
6,608 Sq Ft Lot

Last Sold April 22, 2020

Last sale price $475,000 $333 Per Sq Ft

27 Days on Market

About This Home

As of April 2020

Great Investment opportunity in East Salinas. Triplex that consists of 1-2BR/1BA and 2-1BR/1BA's. Three separate buildings. All separately metered. All cash preferred but will consider financed offers with a large down payment.

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 02/14/2020

Last Buyer's Agent

Dale Handley

Town'N Country Realty License #01280498 Listed on: 02/14/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • 1940

Lot Details

  • 6,608 Sq Ft Lot

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,425 Sq Ft Home
  • 1-Story Property

Parking

  • 5 Parking Spaces
  • Uncovered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $42,000

Community Details

Overview

  • 1,425 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $1,500
  • Maintenance Expense $1,500
  • Utility Expense $1,500
  • Trash Expense $1,200
  • Operating Expense $11,338
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Year Built

1940

Lot Details

0

Listing Details

  • Zoning: R-L 5.5
  • Subclass: Triplex
  • Age: 80
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1425
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1940

Interior Features

  • Living Sq Ft: 1425
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 5
  • Garage Parking Features: Uncovered Parking

Utilities

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

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1517
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6610.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6610.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 10.71
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1500
  • Expense Maintenance: 1500
  • Expenses Total: 11338
  • Expenses Utility: 1500
  • Expense Trash: 1200
  • Income Annual Gross: 42000.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

Range of Values:

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Sold Price
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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
04/22/2020 04/22/20 Sold $475,000 +5.6% $333 / Sq Ft
03/13/2020 03/13/20 Pending -- -- --
03/09/2020 03/09/20 Price Changed $449,900 -9.8% $316 / Sq Ft
02/14/2020 02/14/20 For Sale $499,000 +143.4% $350 / Sq Ft
07/10/2014 07/10/14 Sold $205,000 +14.5% $144 / Sq Ft
06/25/2014 06/25/14 Pending -- -- --
06/13/2014 06/13/14 For Sale $179,000 -- $126 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dale Handley

    Seller's Agent in 2020

    Dale Handley

    Town'N Country Realty

    (831) 424-0001

    5 in this area

    91 Total Sales

    Section Image

  • R

    Seller's Agent in 2014

    Ric Morrison

    Coldwell Banker Realty

    Section Image

  • O

    Buyer's Agent in 2014

    Omar Bitar

    Executive Estates, Inc

    Section Image
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Map

Source: MLSListings

MLS Number: ML81782659

MLSListings

APN: 004-442-001

California Monterey County Salinas 93905 East Salinas

606 Towt St, Salinas, CA

This home is located at 606 Towt St, Salinas, CA 93905 since 14 February 2020. This property was built in 1940. 606 Towt St is a home located in Monterey County with nearby schools including Alisal Community, La Paz Middle School, and Alisal High School.

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