844 River Rd

Beds
Baths
2,075 Sq. Ft.
$1,443 / Sq. Ft.
2,075
Sq. Ft.
$1,443
per Sq. Ft.

Description

Properties of this scale, with existing infrastructure and a strategic location within the Salinas Valley, rarely come to market. Situated on approximately 17.1 usable acres in the Salinas Valley, this property offers a rare combination of functional improvements and long-term upside, suited to a range of investment strategies. Currently improved with an established equestrian facility, including 45 stalls, multiple arenas, barns, and grazing areas. The property will be delivered vacant, allowing...Properties of this scale, with existing infrastructure and a strategic location within the Salinas Valley, rarely come to market. Situated on approximately 17.1 usable acres in the Salinas Valley, this property offers a rare combination of functional improvements and long-term upside, suited to a range of investment strategies. Currently improved with an established equestrian facility, including 45 stalls, multiple arenas, barns, and grazing areas. The property will be delivered vacant, allowing a new owner to implement their own business plan or end use from day one. The existing infrastructure provides a strong foundation for revenue generation while preserving flexibility for repositioning. Residential components include a 3-bedroom main home, an attached studio, and additional on-site living options, supporting multiple income streams or on-site management. Zoned F40 with LDR/3-5 overlay, it supports various uses. Buyers should verify zoning and development possibilities with the county. Whether establishing immediate income, securing a long-term hold, or creating flexibility for future use, this property offers compelling usability. This rare offering combines productivity with versatility for investors seeking substantial agricultural or mixed-use opportunities.
  1. Listed by The Russell Group • DRE #70010200 • Brokerage DRE #01878277 • eXp Realty of California Inc • 831-320-0201

Property Details for 844 River Road

MLS City Name
SALINAS
Building Type
OTHER
Garage Spaces
2
Parking Spaces
5
Cross Street
River Road
LISTING UPDATED: 05/06/2026 10:54 AM

Property Details for 844 River Road

StatusActive
MLS #ML82035507
Days on Compass92
Taxes$15,500 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1965
Lot Size17.10 AC / 744,876 SF
CountyMonterey County

Location

Listing Courtesy of eXp Realty of California Inc, The Russell Group, DRE #70010200
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Building Information for 844 River Road

Stories1Residences-Year Built1965Lot Size17.10 AC / 744,876 SF

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$16,216 per month

30 year fixed, 6.36% Interest

Principal and Interest

$14,924

Property Taxes

$1,292

HOA Dues

$0

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Property Information for 844 River Road

Features
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: 220 Volt Outlet, Countertop - Granite, Dishwasher, Garbage Disposal, Microwave, Oven Range - Electric
Features
  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl / Linoleum
  • Laundry: Hookups Only
  • Living SqFt: 2075
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air, Propane
  • Meters: Separate Electric
  • Sewer Septic: Existing Septic, Septic Connected
  • Utilities: Individual Electric Meters, Propane On Site, Public Utilities
  • Water: Storage Tank, Water On Site, Well
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: South Monterey County
  • Roof: Composition
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 844
  • Street Name: River
  • Street Suffix: Road
  • Area ID: 80
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 2075
  • Structure SqFt Source: Other
  • Age: 61
Development Information
  • Ownership Type: Individual
  • Zoning Detail: LDR/5-VS | F/40-D
Location Information
  • City Limits: No
  • Directions: follow river road make a right just past mile marker 8.5 follow the road just over 1 mile the property is the first right after the road curves. The drive way leads down to the main house it is the second house on that driveway. DO NOT GO DIRECT
  • Incorporated: No
  • Parcel Number: 167-061-025-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93908
  • Elementary School District: 448
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: Yes
  • Lot Acres: 17.10
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
Multi Family Information
Building Information
  • No Of Leased: 0
General Information
  • Annual Tax Amount: $15,500
  • Capitalization Rate: 7.81
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Land, Rents, RV/Storage, Other
  • Vacancy Factor: 1
Income / Expense Details
  • Expense Insurance: $6,486
  • Expense Landscape: $2,700
  • Expense Maintenance: $10,000
  • Expense Management: $0
  • Expense Trash: $6,400
  • Expenses Other: $0
  • Expenses Utility: $7,850
  • Expenses Total: $48,936
  • Operating Expenses Include: Fee - Property Tax, Maintenance - Capital Improvements, Services - Gardener, Services - Trash Removal, Utilities - Electric
  • Gross Rent Multiplier: 10.49
  • Income Annual Gross: $282,744
  • Income Annual Rental: $100,800
  • Income Gross Scheduled: $285,600
  • Income Other: $184,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 2
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $4,250
Unit 2 Information
  • Unit 2 Approx Square Footage: 500
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 0
  • Unit 2 Rent: $2,350
Unit 3 Information
  • Unit 3 Approx Square Footage: 1400
  • Unit 3 Full Bathrooms: 2
  • Unit 3 Number of Bedrooms: 3
  • Unit 3 Rent: $1,800
Unit Type 1
  • Unit Type1 Approx SqFt: 2075

Property History for 844 River Road

DateEvent & SourcePriceAppreciation
May 6, 2026

Price Change

EBRD #ML82035507

$2,995,000
May 6, 2026

Price Change

EBRD #ML82029948

$2,995,000
May 6, 2026

Price Change

MLSListings #ML82035507

$2,995,000
DateEvent & SourcePrice
05/06/2026

Price Change

EBRD #ML82035507

$2,995,000
05/06/2026

Price Change

EBRD #ML82029948

$2,995,000
05/06/2026

Price Change

MLSListings #ML82035507

$2,995,000

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

Public Records for 844 River Road

Taxable ValueLand$1,298,917Additions$270,608Total$1,569,525
Tax Record2025$19,551 ($1,629 / month)
Home Facts
Beds2Baths8Total Finished SqFt2,519 SqFtAbove Grade Finished SqFt2,519 SqFtStories1Lot Size932,183 SqFtStyleSingle Family ResidenceYear Built1965CountyMONTEREYAPN167-061-025-000Fireplace TypeHas Fireplace

Schools near 844 River Road

This home is within Spreckels Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Spreckels Elementary School
PublicK to 5

Buena Vista Middle School
Public6 to 8

Salinas 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

844 River Road is for sale in Salinas, CA 93908. This property was listed for sale on February 19, 2026 by eXp Realty of California Inc, it's currently listed at $2,995,000. It has been on the market for a total of 92 days and was last sold on May 26, 2021. This listing's school districts are Salinas Union High School District, Spreckels Union Elementary School District. Nearby schools include Spreckels Elementary School, Buena Vista Middle School and Salinas High School. 844 River Road is a 0-bed, 0-bath, 2,075 sqft built in 1965.

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 eXp Realty of California Inc, The Russell Group, DRE #70010200

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.