NOT LISTED FOR SALE

636 Ambrose Dr Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $841,062 - $1,028,000

5 Beds
4 Baths
2,069 Sq Ft
$450/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $921,000 $445 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $5,734/month

7 Days on Market

Highlights

  • 2 Car Attached Garage
  • Forced Air Heating System
  • 1-Story Property

About This Home

As of September 2023

Elevate your portfolio with this stellar duplex in South Salinas, a perfect opportunity for investors seeking robust returns or an owner/occupant wanting additional rental income. With a convenient 800 sq. ft. front unit consisting of 2 bedrooms and 1.5 baths, and a spacious 1,267 sq. ft. back unit featuring 3 bedrooms, 2 baths, and a cozy fireplace, it's an enticing prospect! Each unit includes a single-car garage and washer/dryer hookups, ensuring comfort and practicality. Nestled on a quiet street in an established neighborhood, with schools within walking distance, this property blends tranquility and convenience. Priced at $895K, this duplex promises a rewarding investment. Seize this South Salinas opportunity today!

Last Agent to Sell the Property

Dale Handley

Town'N Country Realty License #01280498 Listed on: 07/20/2023

Last Buyer's Agent

Eric Phelps

Corral De Tierra Realty License #01195180

Property Details

Home Type

  • Multi-Family

Year Built

  • 1965

Lot Details

  • 6,800 Sq Ft Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Duplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,069 Sq Ft Home
  • 1-Story Property

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $64,800

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Gardener Expense $1,500
  • Insurance Expense $1,500
  • Utility Expense $2,000
  • Operating Expense $15,740
  • Gross Income $64,800

Property Details

Home Type

Multi-Family

Year Built

1965

Lot Details

0

Parking

2

Listing Details

  • Zoning: R-M-2.9
  • Subclass: Duplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2069
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1965

Interior Features

  • Living Sq Ft: 2069
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 2
  • Garage Parking Features: Attached Garage

Utilities

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

Schools

  • High School: 583

Lot Info

  • Lot Acres: 0.1561
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6800.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 6800.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.81
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 1500
  • Expense Landscape: 1500
  • Expenses Total: 15740
  • Expenses Utility: 2000
  • Income Annual Gross: 64800.00
  • Income Annual Rental: 64800
  • Income Gross Scheduled: 64800
  • Income Includes: Rents
  • Meters: Master Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Utilities - Water
  • Tenant Expenses: Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2023
Closed on
Aug 21, 2023
Sold by
2010 Daniel A Massolo Revocable Trust
Bought by
Ornelas Family Trust and Ornelas
Seller's Agent
Dale Handley
Town'N Country Realty
Buyer's Agent
Eric Phelps
Corral De Tierra Realty
List Price
$895,000
Sold Price
$921,000
Premium/Discount to List
$26,000
2.91%
Views
53
Current Estimated Value
$932,016

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,016
Avg. Annual Appreciation
0.49%
Original Mortgage
$421,000
Outstanding Balance
$411,353
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$520,663

Purchase Details

Closed on
Oct 11, 2010
Sold by
Massolo Daniel A and Massolo Daniel
Bought by
Revocabl Massolo Daniel A and Revocabl 2010 Daniel A Massolo

Purchase Details

Closed on
May 25, 2010
Sold by
Aaroe Terry L and Aaroe Family Living Trust
Bought by
Massolo Daniel

Purchase Details

Closed on
Nov 16, 1999
Sold by
Aaroe Lawrence and Aaroe Mary
Bought by
Aaroe Lawrence A and Aaroe Mary K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Date Buyer Sale Price Title Company
Ornelas Family Trust $921,000 Chicago Title
Revocabl Massolo Daniel A -- None Available
Massolo Daniel $365,000 Old Republic Title Company
Aaroe Lawrence A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ornelas Family Trust $421,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2023 09/05/23 Sold $921,000 +2.9% $445 / Sq Ft
07/28/2023 07/28/23 Pending -- -- --
07/20/2023 07/20/23 For Sale $895,000 -- $433 / Sq Ft
Source: MLSListings

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 $10,730 $939,420 $382,500 $556,920
2024 $10,730 $921,000 $375,000 $546,000
2023 $5,230 $921,000 $375,000 $546,000
2022 $5,035 $443,963 $121,630 $322,333
2021 $4,837 $435,259 $119,246 $316,013
2020 $4,704 $430,797 $118,024 $312,773
2019 $4,671 $422,351 $115,710 $306,641
2018 $4,613 $414,071 $113,442 $300,629
2017 $4,617 $405,953 $111,218 $294,735
2016 $4,621 $397,994 $109,038 $288,956
2015 $4,661 $392,017 $107,401 $284,616
2014 $4,348 $384,339 $105,298 $279,041
Source: Public Records

Agents Affiliated with this Home

  • Dale Handley

    Seller's Agent in 2023

    Dale Handley

    Town'N Country Realty

    (831) 424-0001

    31 in this area

    98 Total Sales

    Dale Handley
    Section Image
  • Eric Phelps

    Buyer's Agent in 2023

    Eric Phelps

    Corral De Tierra Realty

    (831) 484-8100

    11 in this area

    58 Total Sales

    Eric Phelps
    Section Image
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Map

Source: MLSListings

MLS Number: ML81935626

MLSListings

APN: 016-086-019-000

California Monterey County Salinas 93901 South Salinas

636 Ambrose Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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