470 Williams Rd

Salinas, CA 93905

$2,275,000
Last Sold Price
—
Beds
—
Baths
4,750 Sq. Ft.
$479 / Sq. Ft.
4,750
Sq. Ft.
$479
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 8/22/24Virtual Tour
Sold 8/22/24Virtual Tour
a city view
a picture of city view
a view of a city
a front view of a house with garden
a view of an house with a yard
a view of residential houses
a front view of a house with a yard
a view of a table and chairs in patio
a palm tree sitting in front of a house
a car parked in front of a house
a front view of a house with a yard
a view of a car park in front of house
a view of parking
a view of a street with a building in the background
a view of a city street with a building
a view of a city with mountains in the background
an aerial view of a city
a view of a city
a picture of a sky view

Description

PLEASE DO NOT Go onto property! Calling all Investors! This almost 1.2 acre lot spans from Williams road with another access point on the street over at Cross Avenue. There are (10) 1bd/1ba apartments all located on the main level and all with attached single car garages. PLUS 13 Mobile home spaces that are currently at full occupancy by well established tenants. There is also 1 2bd (maybe 3bd) 1 BA single family residence. The City of Salinas mentioned that there is the possibility of rezoning &...PLEASE DO NOT Go onto property! Calling all Investors! This almost 1.2 acre lot spans from Williams road with another access point on the street over at Cross Avenue. There are (10) 1bd/1ba apartments all located on the main level and all with attached single car garages. PLUS 13 Mobile home spaces that are currently at full occupancy by well established tenants. There is also 1 2bd (maybe 3bd) 1 BA single family residence. The City of Salinas mentioned that there is the possibility of rezoning & building 24+ or more units on this lot. So there is greater potential for this property bring in more income.

Listing Agent

  1. Chantel Henson

    Chantel Henson

    Listing Agent

    Compass

    DRE #01271580

    CallTextEmail

Property Details for 470 Williams Road

MLS City Name
SALINAS
Building Type
Other
Garage Spaces
10
Parking Spaces
6
LISTING UPDATED: 08/22/2024 03:18 PM

Property Details for 470 Williams Road

StatusSold
MLS #ML81961668
Days on Compass28
Taxes$4,373 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1955
Lot Size1.18 AC / 51,607 SF
CountyMonterey County
Get preapproved with Rocket Mortgage1

Location

Listing Courtesy of Compass, Chantel Henson, DRE #01271580

Sold By Baird Partnership, Inc., James Kendall, DRE #02010395

Add your commute

Virtual Tour

Building Information for 470 Williams Road

Stories-Residences-Year Built1955Building Size-Lot Size1.18 AC / 51,607 SF

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$11,405 per month

30 year fixed, 6.11% Interest

Principal and Interest

$11,041

Property Taxes

$364

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 470 Williams Road

Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 4750
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Common Parking Area, On Street, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 24
  • Area Text: ES-68
  • Restrictions: Age - No Restrictions, Below Market Rate Unit, Family Park, No Waterbeds, Parking Restrictions, Pets - Allowed
  • Roof: Composition, Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 470
  • Street Name: Williams
  • Street Suffix: Road
  • Area ID: 68
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 4750
  • Structure SqFt Source: Other
  • Age: 69
Development Information
  • Ownership Type: Trust
  • Zoning Detail: RH/RL
Location Information
  • City Limits: Yes
  • Parcel Number: 004-491-007-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93905
  • Elementary School District: 430
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: 1.18
  • Lot Description: Potential Re-Zone
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 22
General Information
  • Annual Tax Amount: $4,373
  • Capitalization Rate: 3.96
  • Tenant Expenses: Fee - Parking
  • Income Includes: Land, Mgrs Unit Rental, Parking, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,941
  • Expense Landscape: $0
  • Expense Maintenance: $19,000
  • Expense Management: $0
  • Expense Trash: $14,083
  • Expenses Other: $0
  • Expenses Utility: $49,566
  • Expenses Total: $94,963
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Supplies, Utilities
  • Gross Rent Multiplier: 13.20
  • Income Annual Gross: $199,152
  • Income Annual Rental: $199,152
  • Income Gross Scheduled: $199,152
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $625
Unit 2 Information
  • Unit 2 Approx Square Footage: 1000
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Full Bathrooms: 0
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $540
Unit Type 1
  • Unit Type1 Approx SqFt: 375

Property History for 470 Williams Road

DateEvent & SourcePriceAppreciation
Aug 22, 2024

Sold

EBRD #ML81961668

$2,275,000—
Aug 22, 2024

Sold

MLSListings #ML81961668

$2,275,000—
Aug 12, 2024

Sold (Public Record)

Public Record #1539167535

$2,275,000—
May 14, 2024

Pending

MLSListings #ML81961668

—
May 14, 2024

Pending

EBRD #ML81961668

—
May 14, 2024

Contingent - Show

MLSListings #ML81961668

—
Apr 16, 2024

Listed (Active)

EBRD #ML81961668

$2,629,000—
Apr 16, 2024

Listed (Active)

MLSListings #ML81961668

$2,629,000—
DateEvent & SourcePrice
08/22/2024

Sold

EBRD #ML81961668

$2,275,000
08/22/2024

Sold

MLSListings #ML81961668

$2,275,000
08/12/2024

Sold (Public Record)

Public Record #1539167535

$2,275,000
05/14/2024

Pending

MLSListings #ML81961668

—
05/14/2024

Pending

EBRD #ML81961668

—
05/14/2024

Contingent - Show

MLSListings #ML81961668

—
04/16/2024

Listed (Active)

EBRD #ML81961668

$2,629,000
04/16/2024

Listed (Active)

MLSListings #ML81961668

$2,629,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 470 Williams Road

Taxable ValueLand$1,000,000Additions$1,275,600Total$2,275,600
Tax Record2025$29,216 ($2,435 / month)
Home Facts
Lot Size51,607 SqFtStyleMobile Home ParksCountyMONTEREYAPN004-491-007-000

Schools near 470 Williams Road

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Tiburcio Vasquez Elementary
Public - K to 6
El Sausal Middle School
Public - 7 to 8
Alisal High School
Public - 9 to 12
Carr Lake Community Day School
Public - 7 to 12
Rating
School
Distance
Tiburcio Vasquez Elementary
PublicK to 6

El Sausal Middle School
Public7 to 8

Alisal High School
Public9 to 12

Carr Lake Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Chantel Henson, DRE #01271580

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.