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
  • 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

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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Value Increase
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Percent Increase
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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

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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

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 $6,841 $519,477 $284,345 $235,132
2024 $6,841 $509,292 $278,770 $230,522
2023 $6,716 $499,306 $273,304 $226,002
2022 $6,044 $489,517 $267,946 $221,571
2021 $6,048 $479,920 $262,693 $217,227
2020 $2,935 $229,777 $123,296 $106,481
2019 $3,021 $225,273 $120,879 $104,394
2018 $2,847 $220,857 $118,509 $102,348
2017 $2,954 $216,528 $116,186 $100,342
2016 $2,804 $212,283 $113,908 $98,375
2015 $2,780 $209,095 $112,197 $96,898
2014 $608 $42,311 $15,122 $27,189
Source: Public Records

Agents Affiliated with this Home

  • Dale Handley

    Seller's Agent in 2020

    Dale Handley

    Town'N Country Realty

    (831) 424-0001

    4 in this area

    98 Total Sales

    Dale Handley
    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

Not Listed for Sale

MultiFamily

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