NOT LISTED FOR SALE
6 Beds
3 Baths
2,556 Sq Ft
7,710 Sq Ft Lot

Sale Details

Date Sold: September 25, 2015

Last sale price $573,125 $224 Per Sq Ft

23 Days on Market

Highlights

  • Traditional Architecture
  • Tile Countertops
  • Forced Air Heating System
  • 1 Car Detached Garage
  • Storage Room
  • Level Lot

About This Home

As of September 2015

Prime south Salinas location. One level units in great condition. tenting done in 2011, Long term tenants with excellent payment records. Each unit has a private patio space, carport space with room for a second car. One unit has a fireplace. Neutral colors, eat in kitchen, baths have a tub/shower combo. Storage can be converted back to laundry. Current owner pays garbage but could be changed to a tenant expense. Possible room for a rent increase. Roof not original 622,628,634 Carmelita are also for Sale.

Last Agent to Sell the Property

Bill Backus

Backus Properties License #01332230 Listed on: 06/01/2015

Last Buyer's Agent

Dale Handley

Town'N Country Realty License #01280498

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 7,710 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Traditional Architecture
  • Slab Foundation
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,556 Sq Ft Home
  • 1-Story Property
  • Storage Room

Kitchen

  • Electric Oven
  • Range Hood
  • Tile Countertops

Flooring

  • Carpet
  • Vinyl

Parking

  • 1 Car Detached Garage
  • 3 Carport Spaces
  • Lighted Parking
  • Off-Street Parking
  • Assigned Parking

Utilities

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

Listing and Financial Details

  • Total Actual Rent $42,000
  • Month-to-Month Lease Term

Community Details

Overview

  • 2,556 Sq Ft Building

Building Details

  • 3 Leased Units
  • Gardener Expense $675
  • Insurance Expense $1,569
  • Maintenance Expense $687
  • Other Expense $5,716
  • Utility Expense $2,076
  • Trash Expense $1,298
  • Operating Expense $17,828
  • Gross Income $40,318

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

7,710 Sq Ft Lot

Listing Details

  • Zoning: Multi Family
  • Subclass: Triplex
  • Style: Traditional
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2556
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Kitchen: 220 Volt Outlet, Countertop - Tile, Hood Over Range, Oven - Electric, Varies By Unit
  • Living Sq Ft: 2556
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

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

Garage/Parking

  • Parking Spaces: 1
  • Garage Parking Features: Assigned Spaces, Carport, Detached Garage, Lighted Parking Area, Off-Street Parking
  • Carport Min: 3

Utilities

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

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1770
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7709.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7709.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Lease Agreement - Written, Month To Month, Security Deposit
  • Gross Rent Multiplier: 14.73
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 1569
  • Expense Landscape: 675
  • Expense Maintenance: 687
  • Expenses Other: 5716
  • Expenses Total: 17828
  • Expenses Utility: 2076
  • Expense Trash: 1298
  • Income Annual Gross: 40318.00
  • Income Annual Rental: 42000
  • Income Gross Scheduled: 42440
  • Income Includes: Rents, Storage Area
  • Income Other: 440
  • Meters: Master Electric, Master Gas, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Services - Sewer, Services - Trash Removal, Utilities - Electric, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 5
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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
09/25/2015 09/25/15 Sold $573,125 -8.3% $224 / Sq Ft
06/24/2015 06/24/15 Pending -- -- --
06/01/2015 06/01/15 For Sale $625,000 -- $245 / 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 $7,785 $678,455 $224,917 $453,538
2024 $7,785 $665,153 $220,507 $444,646
2023 $7,523 $652,112 $216,184 $435,928
2022 $7,244 $639,327 $211,946 $427,381
2021 $6,960 $626,792 $207,791 $419,001
2020 $6,768 $620,366 $205,661 $414,705
2019 $6,720 $608,203 $201,629 $406,574
2018 $6,638 $596,278 $197,676 $398,602
2017 $6,643 $584,587 $193,800 $390,787
2016 $6,649 $573,125 $190,000 $383,125
2015 $1,385 $112,282 $42,265 $70,017
2014 $1,296 $110,084 $41,438 $68,646
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81468128

MLSListings

APN: 016-087-010

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