NOT LISTED FOR SALE
5 Beds
4 Baths
2,006 Sq Ft
10,454 Sq Ft Lot

Sale Details

Date Sold: April 15, 2026

Last sale price $750,000 $374 Per Sq Ft

4 Days on Market

Highlights

  • Grass Covered Lot
  • Carpet
  • 1-Story Property

About This Home

As of April 2026

Opportunities like this are becoming increasingly difficult to find an affordable four-unit investment in Salinas that offers both immediate stability and meaningful upside. Set on a generous lot of just over 10,000 square feet, this property is comprised of four detached units, creating a more private and livable environment that tenants appreciate and tend to stay in. The unit mix includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit, providing flexibility and consistent rental appeal. The property is currently occupied by long-term tenants, offering an investor the benefit of immediate income from day one, while the below-market rental profile presents a clear path for future growth over time. Recent improvements, new exterior paint, new front doors & new roofs installed July of 2025 & updated electrical panels, add to the overall functionality and help minimize near-term capital expenses. What truly sets this property apart is the combination of layout, lot size, and entry price an increasingly rare opportunity to acquire a multi-unit asset with both stability today and the potential to enhance performance in the future. Offered at $688,800, this is a compelling option for investors looking to secure a foothold in the Salinas market with room to grow.

Last Agent to Sell the Property

User Ferreira-Kunz Group

Intero Real Estate Services License #70010176 Listed on: 03/25/2026

Last Buyer's Agent

Regina Shaw

Intero Real Estate Services License #01428652

Intero Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • 1939

Lot Details

  • Lot Sloped Up
  • Grass Covered Lot

Parking

  • 2 Parking Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 2,006 Sq Ft Home
  • 1-Story Property

Kitchen

  • Gas Oven
  • Formica Countertops

Flooring

  • Carpet
  • Vinyl

Utilities

  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $57,420

Community Details

Overview

  • 2,006 Sq Ft Building

Building Details

  • 4 Leased Units
  • Insurance Expense $2,705
  • Manager Expense $4,211
  • Utility Expense $3,542
  • Operating Expense $15,733
  • Gross Income $57,420

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Zoning: rm
  • Subclass: Fourplex
  • Style: Ranch
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2006
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1939

Interior Features

  • Kitchen: Countertop - Formica, Hookups - Gas, Oven Range - Gas
  • Living Sq Ft: 2006
  • Stories: 1
  • Flooring: Carpet, Vinyl / Linoleum

Exterior Features

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

Garage/Parking

  • Parking Spaces: 2
  • Garage Parking Features: Parking Area

Utilities

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

Lot Info

  • Lot Description: Grade - Sloped Up
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 10640.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 10640.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 12.00
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 2705
  • Expense Management: 4211
  • Expenses Total: 15733
  • Expenses Utility: 3542
  • Income Annual Gross: 57420.00
  • Income Annual Rental: 57420
  • Income Gross Scheduled: 57420
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 4
  • Operating Expenses Include: Maintenance - Capital Improvements, Maintenance - Repair, Services - Sewer, 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
Mar 25, 2026
Closed on
Apr 3, 2026
Sold by
Bought by
Seller's Agent
User Ferreira-Kunz Group
Intero Real Estate Services
Buyer's Agent
Regina Shaw
Intero Real Estate Services
List Price
$688,800
Sold Price
$750,000
Premium/Discount to List
$61,200
8.89%
Views
97

Purchase Details

Closed on
Apr 23, 2021
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
$189,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2021
Sold by
Bought by

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
Nov 30, 2010
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
$234,000
Interest Rate
3.47%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2006
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
$275,000
Interest Rate
6.3%
Mortgage Type
Commercial

Purchase Details

Closed on
May 25, 2005
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
$750,000 Orange Coast Title
-- Old Republic Title Company
$316,000 Efting James
-- None Available
-- None Available
-- None Available
-- Orange Coast Title Co Norcal
-- First American Title Company
-- First American Title Insuran
-- --
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
Closed $189,000
Previous Owner $234,000
Previous Owner $275,000
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
04/15/2026 04/15/26 Sold $750,000 +8.9% $374 / Sq Ft
03/30/2026 03/30/26 Pending -- -- --
03/25/2026 03/25/26 For Sale $688,800 -- $343 / 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
2025 $5,423 $410,325 $183,973 $226,352
2024 $5,423 $401,888 $180,366 $221,522
2023 $5,324 $394,009 $176,830 $217,179
2022 $2,048 $394,009 $176,830 $217,179
2021 $2,048 $157,563 $56,722 $100,841
2020 $2,026 $156,348 $56,141 $100,207
2019 $2,086 $153,291 $55,041 $98,250
2018 $1,967 $150,294 $53,962 $96,332
2017 $2,040 $147,355 $52,904 $94,451
2016 $1,938 $144,474 $51,867 $92,607
2015 $1,921 $142,310 $51,088 $91,222
2014 $1,855 $139,531 $50,088 $89,443
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML82040252

MLSListings

APN: 004-401-013

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