Comm Ri Multi-units 5+ For Sale
5,853 Sqft - 1200 Market Street, SALINAS, California 93901
Property Description
11 units. Remodeled interiors with lots of potential rental upside. 5.2% cap on current income with new taxes. 6.7% cap on proforma. Water is provided by well & filtered by onsite UCLA treatment system. Septic system. Two duplexes plus a Victorian house converted into 5 studios, a one-bedroom unit, and a two-bedroom unit. There is potential for increased income from renting out more garage spaces as storage.
Basic Details
Property Type : Comm Ri Multi-units 5+
Listing Type : For Sale
Listing ID : ML81825700
Price : $1,875,000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 5,853 Sqft
Year Built : 1914
Lot Area : 1.07 Sqft
Features
Heating System : Other Heat, Electric
Roof : Composition Shingles
Address Map
Country : US
State : CA
County : Monterey
City : SALINAS
Zipcode : 93901
Street : Market Street
Street Number : 1200
Floor Number : 0
Longitude : W122° 19' 19.2''
Latitude : N36° 41' 9.7''
MLS Addon
Office Name : Albers Real Estate Investment Company
Building Type : Other
Area : All Other Counties/States
Address : 1200 W Market Street
Cross Street : Market Street &
Directions to Property : Proceed west of Davis Road on M
Address Direction : W
LA1User Code : MLL138386
LA1Agent First Name : Hap
LA1Agent Last Name : Albers
Status Category : Sold
Tot # Parking Spaces : 20
Tot # of Units : 11
Zoning : HDR
List $/SqFt : $0
Age : 107
Apx Lot Sq Ft : 46,609 Sqft
Type of Building : Apt Complex
Annual Taxes : $20,856
Total Deposits : $0
ALL UNITS HAVE : Refrigerator
DISABLED FEATURES : Other
FLOORING : Tile, Laminate
LOT DESCRIPTION : Level
OPERATING EXPENSES : Electric, Insurance, Maintenance/repair, Trash Removal, Vacancy Factor, Water
SOME UNITS HAVE : Updated Baths, Updated Kitchen
TENANT PAYS : Electric, Gas
LAUNDRY : Coin Operated
Bus Sq Ft of Bldg : 0 Sqft
Other Loans (Y/N) : No
1st Loan Balance : $0
2nd Loan Balance : $0
Tot Other Loans : $0
Financial Data Verif(Y/N) : 5.2
Ann Act Gross Inc : $0
Gross Oper Actual Inc : $0
Listing Type : Excl Right
Listing Service : Full Service
Special Information : None
Original Price : $1,875,000
Sold Price : $1,790,000
Previous Price : $0
Sale $/SqFt : $0
Gross Oper Actual Inc : 0
Annual Gross Sched Inc : 150600
Net Oper Income : 97566
Annual Mgmt Exp : 0
Annual License Exp : 0
Annual Util Exp : 3000
Other Ann Exp : 0
Tot Ann Oper Exp : 0
First Loan Payment : 0
First Balance : 0
Annual Insurance Exp : 0
INTERNET DISPLAY : 0
INTERNET SITES : 0
SA1Agent Type : 0
Gross Rent Multiplier : 12.45
Buyer Agent DRE Num. : 01928366
List Agent DRE Num. : 01006595
Filtered Address : 1200 W Market ST
LA1Agent License ID : 01006595
LA1Old Agent ID : 24945
LA1NRDS_ID : 180011152
SA1Agent First Name : Kevin
SA1Agent Last Name : Cesario
SA1Agent License ID : 01953086
SA1User Code : MLL5073753
SA1Old Agent ID : 337485
Annual Vacancy : 0
Gross Income : 0
Sale/Original $ : 0
Annual Exp Yr : 0
Sale $/SqFt : 0
1st - Yrs Remaining : 0
Sale/Last List $ : 0
Interest Rate : 0
Board ID : MLSListings Datashare
Assessors Parcel No : 207-011-020-000
Showing : See Confidential Remarks
SA2Agent First Name : Kyle
SA2Agent Last Name : Chernetsky
SA2Agent License ID : 01928366
SA2Old Agent ID : 289081
SO1Office Abbreviation : MLL5009134
SO1Office Name : Better Homes And Gardens Real Estate By The Sea
LO1Main Office ID : 66767
LO1Board ID : 0
LO2Office Identifier : 0
LO2Main Office ID : 0
SO1Office Identifier : 75907
SO1Board ID : 0
SO2Office Identifier : 75907
SO2Office Type : 0
SO2Office Name : Better Homes And Gardens Real Estate By The Sea
SO2Office State : CA
VOW Include : Yes
VOW Address : Yes
VOW Comment : Yes
VOW AVM : Yes
Status Detail : 0
Search Price : 1790000
Address Search Number : 1200
Listing Agent : 227815
Listing Office : 66767
Co-List Agent : 0
Listing Office 2 : 0
Apprx Equity : 0
Buyer Agent 1 : 295264
Buying Office 1 : 75907
Co-Sell Agent : 277452
Buying Office 2 : 75907
Photo Count : 1
Input Date : 14/01/2021 03:03:12
Update Date : 29/04/2021 00:22:24
PhotoTimestamp : 28/04/2021 22:19:29
First Photo Add Timestamp :
List Date : 14/01/2021
Expire Date :
Pending Date : 21/01/2021
Closing Date : 23/04/2021
Status Date : 28/04/2021
Price Date :
Off Market Date : 21/01/2021
Status : Sold
Dual Variable : No
HOA : No
City Transfer Tax : No
Off Market Status Date :
LVT Date :
DOMLS : 8
Cumulative DOMLS : 8
Unit # 1 Rent: 950
Unit # 2 # of Bedrooms: 1
Unit # 2 Rent: 1150
Unit # 3 # of Bedrooms: 2
Unit # 3 Rent: 1250
