NOT LISTED FOR SALE
6 Beds
3 Baths
3,106 Sq Ft
7,000 Sq Ft Lot

Sale Details

Date Sold: March 5, 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 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 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

7,000 Sq Ft Lot

Parking

3

Listing Details

  • Zoning: R-H 2.1 - Residential high density
  • Subclass: Triplex
  • 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

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

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
Feb 13, 2024
Closed on
Feb 29, 2024
Sold by
Bought by
Seller's Agent
Daniel Vorhies
Sterling Property Management
Buyer's Agent
Gabriel Ramirez Perez
Realty World Dominion
List Price
$1,200,000
Sold Price
$1,200,000
Views
95

Purchase Details

Closed on
Jun 15, 2015
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
$1,200,000 Chicago Title
-- None Available
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 $660,000
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
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

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 $10,900 $1,226,680 $408,000 $818,680
2024 $10,900 $1,200,000 $400,000 $800,000
2023 $3,414 $913,196 $328,094 $585,102
2022 $2,258 $125,882 $44,455 $81,427
2021 $1,458 $123,415 $43,584 $79,831
2020 $1,419 $124,831 $43,138 $81,693
2019 $1,406 $122,437 $42,293 $80,144
2018 $1,387 $120,090 $41,464 $78,626
2017 $1,389 $117,788 $40,651 $77,137
2016 $1,391 $115,532 $39,854 $75,678
2015 $1,403 $113,838 $39,256 $74,582
2014 $1,314 $111,662 $38,488 $73,174
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81954145

MLSListings

APN: 016-043-011

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