NOT LISTED FOR SALE

835 S Main St Salinas, CA 93901

South Salinas Neighborhood

Estimated Value: $1,041,014

4 Beds
3 Baths
5,208 Sq Ft
$200/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $860,000 $165 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,289/month

35 Days on Market

Highlights

  • Downtown View
  • High Ceiling
  • Storage Room
  • Wood Flooring
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of April 2021

Location Location!! Sweet South Salinas Mix-Use Building with 9 private parking spaces and detached 2 car garage/storage. Existing 4 bedrooms 1 bath unit on the second floor with potential for building four apartments per the City of Salinas. Existing leases in place and rents on time. Annual Gross Income $65,784. The Cap Rate at $860,000. is 5.33%. based on the seller's financials. Great central location with excellent store frontage. Financing available for this commercial/residential property.

Last Agent to Sell the Property

Debra Ann Demos

eXp Realty of California Inc License #01104266 Listed on: 08/07/2020

eXp Realty of California Inc

Last Buyer's Agent

RECIP

Out of Area Office License #00000000

Property Details

Home Type

  • Multi-Family

Year Built

  • 1937

Lot Details

  • 8,411 Sq Ft Lot
  • Level Lot

Parking

  • 2 Car Detached Garage
  • Assigned Parking

Property Views

  • Downtown
  • Mountain

Home Design

  • Wood Frame Construction
  • Rolled or Hot Mop Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 5,208 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Storage Room
  • Washer and Dryer
  • Gas Cooktop

Flooring

  • Wood
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $65,784
  • 3 Year Lease Term

Community Details

Overview

Building Details

  • 2 Leased Units
  • Gardener Expense $200
  • Insurance Expense $600
  • Maintenance Expense $1,000
  • Manager Expense $4,992
  • Other Expense $1,000
  • Utility Expense $600
  • Trash Expense $800
  • Operating Expense $19,942
  • Gross Income $65,784

Property Details

Home Type

Multi-Family

Year Built

1937

Lot Details

0

Parking

2

Listing Details

  • Zoning: Mix-Use
  • Subclass: Multiple Dwellings / Structures
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 5208
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1937

Interior Features

  • Kitchen: Cooktop - Gas, Refrigerator
  • Living Sq Ft: 5208
  • Stories: 2
  • Laundry: Washer / Dryer
  • Flooring: Hardwood, Vinyl / Linoleum
  • Additional Rooms: Storage

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Rolled Composition
  • View: City, Downtown, Mountains
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 2
  • Parking Spaces: 9
  • Garage Parking Features: Assigned Spaces, Detached Garage

Utilities

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

Association/Amenities

  • Amenities Miscellaneous: High Ceiling

Lot Info

  • Lot Description: Grade - Level
  • Lot Acres: 0.1931
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 8412.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 8412.00

Rental Info

  • Existing Lease Term(s): 3 Years Lease, Lease Agreement - Written, Month To Month
  • Gross Rent Multiplier: 13.07
  • Number Of Leased: 2

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 600
  • Expense Landscape: 200
  • Expense Maintenance: 1000
  • Expense Management: 4992
  • Expenses Other: 1000
  • Expenses Total: 19942
  • Expenses Utility: 600
  • Expense Trash: 800
  • Income Annual Gross: 65784.00
  • Income Annual Rental: 65784
  • Income Gross Scheduled: 65784
  • Income Includes: Parking
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Maintenance, Services - Sewer, Utilities - Water
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 7, 2020
Closed on
Apr 12, 2021
Sold by
Norcal Rentals Llc
Bought by
Kralovsky Llc
Seller's Agent
Debra Ann Demos
eXp Realty of California Inc
Buyer's Agent
RECIP
Out of Area Office
List Price
$835,000
Sold Price
$860,000
Premium/Discount to List
$25,000
2.99%
Current Estimated Value
$1,041,014

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,014
Avg. Annual Appreciation
4.22%
Original Mortgage
$602,000
Outstanding Balance
$543,533
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$502,686

Purchase Details

Closed on
Feb 13, 2018
Sold by
Yang Peter and Yang Joyce
Bought by
Norcal Rentals Llc

Purchase Details

Closed on
Dec 22, 2017
Sold by
Stone David F and Stone Amy
Bought by
Yang Peter and Yang Joyce

Purchase Details

Closed on
Dec 12, 2017
Sold by
Stone David F and Stone Amy
Bought by
Yang Peter and Yang Joyce

Purchase Details

Closed on
Oct 2, 2017
Sold by
Stone David F
Bought by
Stone David F and Stone Amy

Purchase Details

Closed on
Mar 25, 2013
Sold by
Stone Frank H
Bought by
Stone David F
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
Kralovsky Llc $860,000 Chicago Title
Norcal Rentals Llc -- None Available
Yang Peter -- None Available
Stone David F -- None Available
Yang Peter -- None Available
Stone David F -- None Available
Stone David F -- None Available
Stone Frank H -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kralovsky Llc $602,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $860,000 0.0% $165 / Sq Ft
01/26/2021 01/26/21 Price Changed $860,000 +3.0% $165 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
08/07/2020 08/07/20 For Sale $835,000 -- $160 / 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 $10,797 $932,230 $378,850 $553,380
2024 $10,797 $912,638 $371,422 $541,216
2023 $10,436 $894,744 $364,140 $530,604
2022 $10,049 $877,200 $357,000 $520,200
2021 $8,577 $860,000 $350,000 $510,000
2020 $8,342 $755,630 $312,120 $443,510
2019 $8,285 $740,840 $306,000 $434,840
2018 $8,178 $726,340 $300,000 $426,340
2017 $3,972 $337,772 $127,337 $210,435
2016 $3,972 $331,177 $124,841 $206,336
2015 $4,006 $326,223 $122,966 $203,257
2014 $3,746 $319,860 $120,558 $199,302
Source: Public Records

Agents Affiliated with this Home

  • Debra Ann Demos

    Seller's Agent in 2021

    Debra Ann Demos

    eXp Realty of California Inc

    (831) 818-9137

    1 in this area

    23 Total Sales

    Debra Ann Demos
    Section Image

  • R

    Buyer's Agent in 2021

    RECIP

    Out of Area Office

See All Agents

Map

Source: MLSListings

MLS Number: ML81804931

MLSListings

APN: 002-534-032-000

California Monterey County Salinas 93901 South Salinas

835 S Main St, Salinas, CA

Not Listed for Sale

MultiFamily

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