NOT LISTED FOR SALE
5 Beds
4 Baths
2,012 Sq Ft
5,101 Sq Ft Lot

Sale Details

Date Sold: October 3, 2025

Last sale price $830,000 $413 Per Sq Ft

16 Days on Market

About This Home

As of October 2025

Fantastic Multi-Unit Investment Opportunity in Salinas Discover a rare four-unit property offering solid income potential in the heart of Salinas. With a total of 2,012 sq. ft. of living space, this property features a desirable mix of units: one spacious 2-bedroom/1-bath unit and three 1-bedroom/1-bath units. Each unit is individually metered and designed for efficient living, making it attractive to a wide range of tenants. This property is well suited for the investor or an owner-occupant who can live in one unit and rent out the others. Conveniently located near schools, shopping, dining, and major commuter routes, this property combines long-term rental appeal with steady demand. Whether you are a seasoned investor looking to expand your portfolio or a first-time investor seeking reliable cash flow, or an owner user, this property offers a strong opportunity in a competitive rental market.

Last Agent to Sell the Property

User Ferreira-Kunz Group

Intero Real Estate Services License #70010176 Listed on: 08/29/2025

Last Buyer's Agent

Chantel Henson

Compass License #01271580

Compass
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Property Details

Home Type

  • Multi-Family

Year Built

  • 1979

Lot Details

  • 5,101 Sq Ft Lot
  • Lot Sloped Up
  • Grass Covered Lot

Home Design

  • Quadruplex
  • Raised Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 2,012 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • 3 Parking Spaces
  • 4 Carport Spaces
  • No Garage

Utilities

  • Wall Furnace
  • Vented Exhaust Fan
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $60,840

Community Details

Overview

  • 2,012 Sq Ft Building

Building Details

  • 4 Leased Units
  • Gross Income $60,840

Property Details

Home Type

Multi-Family

Year Built

1979

Lot Details

5,101 Sq Ft Lot

Listing Details

  • Zoning: rm
  • Subclass: Fourplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2012
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1979

Interior Features

  • Kitchen: Exhaust Fan, Oven Range
  • Living Sq Ft: 2012
  • Stories: 2
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Concrete Slab, Raised
  • Roof: Composition
  • Yard/Grounds: Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Parking Spaces: 3
  • Garage Parking Features: Carport, No Garage
  • Carport Min: 4

Utilities

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

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Acres: 0.1171
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5100.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5100.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.97
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Income Annual Gross: 60840.00
  • Income Annual Rental: 60840
  • Income Gross Scheduled: 60840
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 3
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance - Repair, Utilities - Water
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2025
Closed on
Oct 1, 2025
Sold by
Bought by
Seller's Agent
User Ferreira-Kunz Group
Intero Real Estate Services
Buyer's Agent
Chantel Henson
Compass
List Price
$939,800
Sold Price
$830,000
Premium/Discount to List
-$109,800
-11.68%
Views
50

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Outstanding Balance
$595,087
Interest Rate
6.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2016
Sold by
Bought by

Purchase Details

Closed on
May 28, 2013
Sold by
Bought by

Purchase Details

Closed on
Jan 22, 2013
Sold by
Bought by

Purchase Details

Closed on
May 25, 2005
Sold by
Bought by

Purchase Details

Closed on
Apr 24, 2002
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
7.13%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$830,000 Orange Coast Title
-- None Available
-- None Available
-- None Available
-- --
-- Chicago Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $600,000
Previous Owner $100,000
Previous Owner $80,200
Previous Owner $107,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Sold $830,000 -2.3% $413 / Sq Ft
09/15/2025 09/15/25 Pending -- -- --
09/09/2025 09/09/25 Price Changed $849,800 -9.6% $422 / Sq Ft
08/29/2025 08/29/25 For Sale $939,800 -- $467 / Sq Ft
Source: MLSListings

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $6,414 $830,000 $330,000 $500,000
2025 $6,594 $500,641 $231,712 $268,929
2024 $6,594 $490,825 $227,169 $263,656
2023 $6,474 $481,202 $222,715 $258,487
2022 $4,040 $481,202 $222,715 $258,487
2021 $4,042 $318,532 $96,695 $221,837
2020 $3,998 $315,267 $95,704 $219,563
2019 $4,123 $309,086 $93,828 $215,258
2018 $3,888 $303,027 $91,989 $211,038
2017 $4,036 $297,086 $90,186 $206,900
2016 $3,830 $291,262 $88,418 $202,844
2015 $3,797 $286,888 $87,090 $199,798
2014 $3,661 $281,270 $85,385 $195,885
Source: Public Records

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Map

Source: MLSListings

MLS Number: ML82019678

MLSListings

APN: 004-392-035

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