NOT LISTED FOR SALE

Salinas, CA 93905

East Salinas Neighborhood
8 Beds
4 Baths
2,800 Sq Ft
6,752 Sq Ft Lot

Last Sold March 13, 2015

Last sale price $415,000 $148 Per Sq Ft

9 Days on Market

About This Home

As of March 2015

GREAT FOUR-PLEX WITH UPDATED UNITS**CONVENIENT LOCATION AND READY TO GO**FULLY OCCUPIED**PRICED TO SELL FAST***

Last Agent to Sell the Property

Andrew Buchanan

Intero San Jose, Willow Glen Lincoln Ave License #01016325 Listed on: 12/29/2014

Intero San Jose, Willow Glen Lincoln Ave

Last Buyer's Agent

Dennis Lunder

Dennis A. Lunder, Broker License #00656586

Property Details

Home Type

  • Multi-Family

Year Built

  • 1961

Lot Details

  • 6,752 Sq Ft Lot

Home Design

  • 2,800 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Composition Roof

Utilities

  • Wall Furnace
  • Sewer Within 50 Feet

Listing and Financial Details

  • Total Actual Rent $48,000

Community Details

Overview

Building Details

  • 4 Leased Units
  • Insurance Expense $1,147
  • Maintenance Expense $1,200
  • Other Expense $5,635
  • Utility Expense $3,005
  • Operating Expense $15,294
  • Gross Income $48,000

Property Details

Home Type

Multi-Family

Year Built

1961

Lot Details

0

Listing Details

  • Zoning: R-3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1961

Interior Features

  • Kitchen: Appliances - Vary By Unit
  • Living Sq Ft: 2800

Exterior Features

  • Foundation: Concrete Slab
  • Roof: Composition

Garage/Parking

  • Garage Parking Features: Parking Area

Utilities

  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer Connected, Sewer In Street

Lot Info

  • Lot Acres: 0.1550
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 6750.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 1.00

Rental Info

  • Existing Lease Term(s): Lease(s)
  • Gross Rent Multiplier: 6.25
  • Number Of Leased: 4

Multi Family

  • Expense Insurance: 1147
  • Expense Maintenance: 1200
  • Expenses Other: 5635
  • Expenses Total: 15294
  • Expenses Utility: 3005
  • Income Annual Gross: 48000.00
  • Income Annual Rental: 48000
  • Income Gross Scheduled: 48000
  • Income Includes: Rents
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Professional Services, Fee - Property Management, Maintenance - Repair, Miscellaneous/Other
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating

Range of Values:

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Average Value
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2015 03/13/15 Sold $415,000 +38.4% $148 / Sq Ft
01/07/2015 01/07/15 Pending -- -- --
12/29/2014 12/29/14 For Sale $299,950 -- $107 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2015

    Andrew Buchanan

    Intero San Jose, Willow Glen Lincoln Ave

    Section Image
  • Dennis Lunder

    Buyer's Agent in 2015

    Dennis Lunder

    Dennis A. Lunder, Broker

    (408) 892-4207

    37 Total Sales

    Dennis Lunder
    Section Image
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Source: MLSListings

MLS Number: ML81445477

MLSListings

APN: 004-022-027

California Monterey County Salinas 93905

East Salinas

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