NOT LISTED FOR SALE

805 Elm Dr Salinas, CA 93905

East Salinas Neighborhood
9 Beds
3 Baths
1,950 Sq Ft
0.57 Acres

Last Sold December 24, 2020

Last sale price $749,000 $384 Per Sq Ft

60 Days on Market

About This Home

As of December 2020

805 Elm Street , Looking for multiple units on over 1/2 acre lot . This rare property currently has three units . Each unit is three bedroom one bath . Each unit was renovated a few years ago . Each unit has separate PGE meters . Due to lot size garage / carports and potential units could be built , Buyers to verify square footage and zoning . Please do not disturb tenants . Great investment opportunity .

Last Agent to Sell the Property

Nichole Smith

Better Homes & Gardens Real Estate: BEST LIFE License #01320631 Listed on: 09/11/2020

Better Homes & Gardens Real Estate: BEST LIFE

Last Buyer's Agent

Nichole Smith

Better Homes & Gardens Real Estate: BEST LIFE License #01320631 Listed on: 09/11/2020

Better Homes & Gardens Real Estate: BEST LIFE

Property Details

Home Type

  • Multi-Family

Year Built

  • 1948

Lot Details

  • 0.57 Acre Lot

Home Design

  • Triplex
  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,950 Sq Ft Home
  • 1-Story Property

Parking

  • 8 Parking Spaces
  • Covered Parking

Utilities

  • Wall Furnace
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $49,200

Community Details

Overview

  • 1,950 Sq Ft Building

Building Details

  • 3 Leased Units
  • Insurance Expense $800
  • Utility Expense $500
  • Trash Expense $500
  • Operating Expense $4,378
  • Gross Income $49,200

Property Details

Home Type

Multi-Family

Year Built

1948

Lot Details

0

Listing Details

  • Zoning: MFD
  • Subclass: Triplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1948

Interior Features

  • Living Sq Ft: 1950
  • Stories: 1

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition

Garage/Parking

  • Parking Spaces: 8
  • Garage Parking Features: Common Parking Area

Utilities

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

Lot Info

  • Lot Acres: 0.5739
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 25000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 25000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 15.22
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 800
  • Expenses Total: 4378
  • Expenses Utility: 500
  • Expense Trash: 500
  • Income Annual Gross: 49200.00
  • Income Annual Rental: 49200
  • Income Gross Scheduled: 49200
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 2
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas

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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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
12/24/2020 12/24/20 Sold $749,000 0.0% $384 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $749,000 0.0% $384 / Sq Ft
10/15/2020 10/15/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $749,000 -- $384 / 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 $10,398 $790,173 $351,789 $438,384
2024 $10,398 $774,681 $344,892 $429,789
2023 $10,209 $759,492 $338,130 $421,362
2022 $9,185 $744,600 $331,500 $413,100
2021 $9,190 $730,000 $325,000 $405,000
2020 $2,660 $205,000 $117,143 $87,857
2019 $2,739 $200,982 $114,847 $86,135
2018 $2,578 $197,043 $112,596 $84,447
2017 $2,673 $193,181 $110,389 $82,792
2016 $2,538 $189,394 $108,225 $81,169
2015 $2,562 $186,550 $106,600 $79,950
2014 $2,473 $182,896 $104,512 $78,384
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Nichole Smith

    Better Homes & Gardens Real Estate: BEST LIFE

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Map

Source: MLSListings

MLS Number: ML81810317

MLSListings

APN: 004-321-026

California Monterey County Salinas 93905 East Salinas

805 Elm Dr, Salinas, CA

Not Listed for Sale

MultiFamily

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