Sold
Last Sold Price
2,811 sqft$400/sqft
903 Rider Ave, Salinas, CA 93905
Multi FamilyProperty Type
6,100 sq ftLot Size
1964Year Built
$400/sq ftPrice per sq ft
6 carsParking Spaces

Description

This turn-key triplex offers an excellent investment opportunity with three 2-bedroom units. The front unit features a 2-bedroom, 1-bath layout with its own meters, while the rear units each offer 2 bedrooms and 1.5 baths, sharing a water meter but with all other utilities separately metered. Each unit has been updated with a modern kitchen equipped with new appliances and includes convenient washer and dryer hookups. Additionally, each unit comes with two assigned parking spaces. This property presents...This turn-key triplex offers an excellent investment opportunity with three 2-bedroom units. The front unit features a 2-bedroom, 1-bath layout with its own meters, while the rear units each offer 2 bedrooms and 1.5 baths, sharing a water meter but with all other utilities separately metered. Each unit has been updated with a modern kitchen equipped with new appliances and includes convenient washer and dryer hookups. Additionally, each unit comes with two assigned parking spaces. This property presents a fantastic chance for investors seeking income-generating properties.
  • Listed by: Juan Del Real DRE #01453441 Brokerage DRE #01864213 • Remax Property Experts 831-809-2424
Listing closed: 08/11/2025 12:00 AM • Source: MLSListings, MLS#: ML81999588

Recent comparable sales

Median sold price

$925,000

Avg days on market

17

Sale-to-list ratio

96.5%

Salinas, CA

9 comparable properties found

$925,000 | 1259 Cherokee Drive, Salinas, CA 93906
1/18
1

$925,000

Sold 12/12/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,512
Square Feet
0.20
Acres
$925,000 | 1267 Cherokee Drive, Salinas, CA 93906
1/17
2

$925,000

Sold 12/12/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,448
Square Feet
0.20
Acres
a view of a house with a yard
1/20
3

$1,075,000

Sold 05/05/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,973
Square Feet
0.21
Acres
front view of house with a yard
1/25
4

$1,000,000

Sold 05/04/26

Unavailable
Bedrooms
Unavailable
Bathrooms
3,208
Square Feet
0.21
Acres
a front view of multi story residential apartment building with yard and green space
1/2
5

$825,000

Sold 01/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
2,174
Square Feet
0.20
Acres
$712,000 | 615 Terrace Street, Salinas, CA 93905
1/8
6

$712,000

Sold 06/30/26

Unavailable
Bedrooms
Unavailable
Bathrooms
1,607
Square Feet
0.13
Acres
a front view of a house
1/2
7

$799,000

Sold 03/07/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,296
Square Feet
0.33
Acres
$850,000 | 327 East Romie Lane, Salinas, CA 93901
1/2
8

$850,000

Sold 02/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,371
Square Feet
0.12
Acres
a view of a balcony with wooden floor
1/68
9

$940,000

Sold 01/16/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,880
Square Feet
0.15
Acres

Location

Listing Courtesy of Remax Property Experts, Juan Del Real, DRE #01453441

Sold By LPT Realty, Cesar Iracheta, DRE #01180121

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Principal and Interest

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Property Taxes

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Property Information for 903 Rider Avenue

Property Details
  • Taxes: $15,560 / year
  • MLS Type: RESIDENTIAL INCOME / TRIPLEX
  • MLS City Name: Salinas
  • Building Type: TRIPLEX
  • Garage Spaces: 0
  • Parking Spaces: 6
Building Information
  • Stories: 1
  • Residences: 3
  • Year Built: 1964
  • Lot Size: 0.14 AC / 6,100 SF
Features
External Links
Room Information
  • Kitchen: Hood Over Range, Oven Range - Gas
Features
  • Fireplace: No
  • Laundry: Hookups Only
  • Living SqFt: 2811
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: ES-68
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 903
  • Street Name: Rider
  • Street Suffix: Avenue
  • Area ID: 68
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 2811
  • Structure SqFt Source: Assessor
  • Age: 61
Development Information
  • Zoning Detail: R3
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 004-332-009-000
  • 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
  • Horse Property: No
  • Lot Acres: .14
  • 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: 0
General Information
  • Annual Tax Amount: $15,560
  • Building Unit Total: 3
  • Capitalization Rate: 7.58
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,000
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $744
  • Expenses Total: $19,304
  • Operating Expenses Include: Fee - Property Tax, Insurance, Utilities - Water
  • Gross Rent Multiplier: 10.83
  • Income Annual Gross: $108,000
  • Income Annual Rental: $108,000
  • Income Gross Scheduled: $108,000
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 2
Unit 2 Information
  • Unit 2 Approx Square Footage: 1005
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
Unit 3 Information
  • Unit 3 Approx Square Footage: 1005
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
Unit Type 1
  • Unit Type1 Approx SqFt: 801

Property History for 903 Rider Avenue

DateEvent & SourcePriceAppreciation
Aug 11, 2025

Sold

EBRD #ML81999588

$1,125,000
Aug 11, 2025

Sold

MLSListings #ML81999588

$1,125,000
Aug 8, 2025

Sold (Public Record)

Public Record #1908428522

$1,125,000

+31.6% / yr

DateEvent & SourcePrice
08/11/2025

Sold

EBRD #ML81999588

$1,125,000
08/11/2025

Sold

MLSListings #ML81999588

$1,125,000
08/08/2025

Sold (Public Record)

Public Record #1908428522

$1,125,000

+31.6% / yr

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

Public Records for 903 Rider Avenue

Taxable ValueLand$450,000Additions$675,000Total$1,125,000
Tax Record2025$11,395 ($950 / month)
Home Facts
Baths1Total Finished SqFt2,811 SqFtAbove Grade Finished SqFt2,811 SqFtStories2Lot Size6,100 SqFtStyleMulti-Family Res (5+ Units)Year Built1964Year Renovated1964CountyMONTEREYAPN004-332-009-000

Schools near 903 Rider Avenue

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 1 to 6
Rating
School
Distance
Virginia Rocca Barton Elementary School
PublicK to 6

La Paz Middle School
Public7 to 8

Alisal High School
Public9 to 12

Alisal Virtual Academy
Public1 to 6

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 903 Rider Avenue, Salinas, CA 93905
$1,125,000
2,811
6,100
2
1
1,058
4,000
$81,000
3
852
3,600
$225,000
1,036
10,200
$135,000
2
900
6,500
$460,000
1,256
5,990

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Remax Property Experts, Juan Del Real, DRE #01453441

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.