NOT LISTED FOR SALE

611 Tulane St Salinas, CA 93906

Northridge Neighborhood
8 Beds
7 Baths
3,921 Sq Ft
0.32 Acres

Last Sold June 05, 2018

Last sale price $747,500 $191 Per Sq Ft

75 Days on Market

Highlights

  • 0.32 Acre Lot
  • Forced Air Heating System
  • Carpet
  • 4 Car Attached Garage

About This Home

As of June 2018

Great investment opportunity. Fourplex on a large lot. There are 3 townhouse units all with 1 and a half bath. The single level unit has 2 bedrooms and 1 bath. All units have an attached 1 car garage with washer and dryer hookups. There are 4 additional parking spaces in the open area.. The townhouse units all have a small fenced patio in the front. This is a corner lot that is partially fenced. Please do not disturb tenants.

Last Agent to Sell the Property

Andy Andersen

Affinity Properties License #00752726 Listed on: 03/20/2018

Co-Listed By

J. Diane Faro

Affinity Properties License #01493854

Last Buyer's Agent

Juan Del Real

Remax Property Experts License #01453441

Remax Property Experts

Property Details

Home Type

  • Multi-Family

Year Built

  • 1970

Lot Details

  • 0.32 Acre Lot

Parking

  • 4 Car Attached Garage

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 3,921 Sq Ft Home
  • 2-Story Property
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Forced Air Heating System
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $47,040

Community Details

Overview

Building Details

  • 4 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,300
  • Maintenance Expense $500
  • Utility Expense $1,560
  • Operating Expense $10,173
  • Gross Income $45,629

Property Details

Home Type

Multi-Family

Year Built

1970

Lot Details

0

Parking

4

Listing Details

  • Zoning: Multi Family 2+
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3921
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1970

Interior Features

  • Living Sq Ft: 3921
  • Stories: 2
  • Laundry: Hookups Only
  • Flooring: Carpet, Laminate, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 4
  • Parking Spaces: 4
  • Garage Parking Features: Attached Garage, Common Parking Area

Utilities

  • Heating System: Central Forced Air - Gas
  • Sewer/Septic System: Sewer - Public

Schools

  • High School: 582

Lot Info

  • Lot Acres: 0.3190
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 13895.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 13895.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.60
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Natural Gas, Public Utilities
  • Expense Insurance: 2300
  • Expense Landscape: 1800
  • Expense Maintenance: 500
  • Expenses Total: 10173
  • Expenses Utility: 1560
  • Income Annual Gross: 45629.00
  • Income Annual Rental: 47040
  • Income Gross Scheduled: 47040
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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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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
06/05/2018 06/05/18 Sold $747,500 0.0% $191 / Sq Ft
06/04/2018 06/04/18 Pending -- -- --
04/09/2018 04/09/18 Off Market $747,500 -- --
03/21/2018 03/21/18 Pending -- -- --
03/20/2018 03/20/18 For Sale $875,000 -- $223 / 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 $11,923 $1,040,333 $606,161 $434,172
2024 $11,923 $1,018,759 $594,276 $424,483
2023 $11,522 $998,784 $582,624 $416,160
2022 $11,096 $979,200 $571,200 $408,000
2021 $10,659 $960,000 $560,000 $400,000
2020 $8,503 $778,899 $416,160 $362,739
2019 $8,443 $763,650 $408,000 $355,650
2018 $4,010 $356,003 $123,714 $232,289
2017 $4,013 $349,047 $121,289 $227,758
2016 $4,017 $342,227 $118,911 $223,316
2015 $4,051 $337,105 $117,125 $219,980
2014 $3,780 $330,526 $114,831 $215,695
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Andy Andersen

    Affinity Properties

  • J

    Seller Co-Listing Agent in 2018

    J. Diane Faro

    Affinity Properties

    Section Image
  • Juan Del Real

    Buyer's Agent in 2018

    Juan Del Real

    RE/MAX

    (831) 809-2424

    6 in this area

    82 Total Sales

    Juan Del Real
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81697176

MLSListings

APN: 261-511-057

California Monterey County Salinas 93906 Northridge

611 Tulane St, Salinas, CA

Not Listed for Sale

MultiFamily

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