NOT LISTED FOR SALE

838 University Ave Salinas, CA 93901

South Salinas Neighborhood
6 Beds
3 Baths
3,106 Sq Ft
7,000 Sq Ft Lot

Last Sold March 05, 2024

Last sale price $1,200,000 $386 Per Sq Ft

5 Days on Market

Highlights

  • City View
  • Double Pane Windows
  • Tile Flooring
  • 3 Car Detached Garage
  • Tile Countertops
  • Forced Air Heating System

About This Home

As of March 2024

For Sale! Triplex in prime corner lot in sunny South Salinas on the Northwest corner of University Avenue and West Acacia Street. Triplex features: Three 2 Bedroom / 1 Bathroom units, Each unit includes a convenient garage for parking. Each unit includes washer/dryer hookups. Ideal investment opportunity or owner-occupied with rental income potential. Conveniently located for South Salinas retail access and transportation corridors. Located across the street from the highly desired University Park Elementary School and just blocks away from Hartnell College. A well maintained property with significant upside.

Last Agent to Sell the Property

Daniel Vorhies

Sterling Property Management License #01484143 Listed on: 02/13/2024

Last Buyer's Agent

Gabriel Ramirez Perez

Realty World Dominion License #01895033

Property Details

Home Type

  • Multi-Family

Year Built

  • 1960

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced
  • Sprinklers on Timer

Parking

  • 3 Car Detached Garage

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,106 Sq Ft Home
  • 2-Story Property
  • Double Pane Windows
  • City Views
  • Washer and Dryer

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • Low Flow Toliet
  • Low Flow Shower

Utilities

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

Listing and Financial Details

  • Total Actual Rent $72,300
  • Renewal Option

Community Details

Overview

Building Details

  • 3 Leased Units
  • Gardener Expense $1,800
  • Insurance Expense $2,500
  • Maintenance Expense $3,000
  • Utility Expense $4,000
  • Operating Expense $14,136
  • Gross Income $68,685

Property Details

Home Type

Multi-Family

Year Built

1960

Lot Details

0

Parking

3

Listing Details

  • Zoning: R-H 2.1 - Residential high density
  • Subclass: Triplex
  • Age: 64
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3106
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1960

Interior Features

  • Kitchen: 220 Volt Outlet, Cooktop - Electric, Countertop - Tile, Dishwasher, Exhaust Fan, Hood Over Range, Oven - Electric, Refrigerator
  • Living Sq Ft: 3106
  • Stories: 2
  • Laundry: Hookups Only, Washer/Dryer - Some Units
  • Flooring: Carpet, Tile, Vinyl / Linoleum

Exterior Features

  • Foundation: Pillars / Posts / Piers
  • Roof: Shingle
  • View: City
  • Yard/Grounds: Fenced, Sprinklers - Auto
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 3
  • Garage Parking Features: Attached Garage, Detached Garage

Utilities

  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public, Sewer Connected

Schools

  • School District: Salinas Union High

Lot Info

  • Lot Acres: 0.1607
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 7000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 7000.00

Green Features

  • Energy Features: Double Pane Windows, Low Flow Shower, Low Flow Toilet

Rental Info

  • Existing Lease Term(s): Lease Agreement - Written, Less Than 1 Yr, Month To Month, Renewal Option, Security Deposit
  • Gross Rent Multiplier: 16.60
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 2500
  • Expense Landscape: 1800
  • Expense Maintenance: 3000
  • Expenses Total: 14136
  • Expenses Utility: 4000
  • Income Annual Gross: 68685.00
  • Income Annual Rental: 72300
  • Income Gross Scheduled: 72300
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Insurance, Maintenance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Water
  • Vacancy Factor: 5

Range of Values:

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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 Change Sq Ft Price
03/05/2024 03/05/24 Sold $1,200,000 0.0% $386 / Sq Ft
02/19/2024 02/19/24 Pending -- -- --
02/13/2024 02/13/24 For Sale $1,200,000 -- $386 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Daniel Vorhies

    Seller's Agent in 2024

    Daniel Vorhies

    Sterling Property Management

    (831) 643-9403

    1 in this area

    3 Total Sales

    Daniel Vorhies
    Section Image
  • Gabriel Ramirez Perez

    Buyer's Agent in 2024

    Gabriel Ramirez Perez

    Realty World Dominion

    (408) 384-9055

    3 in this area

    56 Total Sales

    Gabriel Ramirez Perez
    Section Image
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Map

Source: MLSListings

MLS Number: ML81954145

MLSListings

APN: 016-043-011

California Monterey County Salinas 93901 South Salinas

838 University Ave, Salinas, CA

This home is located at 838 University Ave, Salinas, CA 93901 since 13 February 2024. This property was built in 1960. 838 University Ave is a home located in Monterey County with nearby schools including Roosevelt Elementary School, Laurel Wood Elementary School, and Washington Middle School.

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