Sold
Last Sold Price
8,098 sqft$352/sqft
904 Salinas Rd, Watsonville, CA 95076
Multi Family 5+Property Type
3.95 acresLot Size
1968Year Built
$352/sq ftPrice per sq ft
10 carsParking Spaces

Description

Open house tour thurs feb 20th from 11a-1p to view the interior of the units. This is a rare opportunity to acquire a 10-unit multi-family property spread across six buildings, featuring a desirable mix of three-bedroom and two-bedroom units in a high-demand rental market. The owner has renovated units as they have turned over and purposefully left 3 units vacant for the new owner to fill at market rate rents. This well-maintained asset offers a steady income stream, with room for rental growth and...Open house tour thurs feb 20th from 11a-1p to view the interior of the units. This is a rare opportunity to acquire a 10-unit multi-family property spread across six buildings, featuring a desirable mix of three-bedroom and two-bedroom units in a high-demand rental market. The owner has renovated units as they have turned over and purposefully left 3 units vacant for the new owner to fill at market rate rents. This well-maintained asset offers a steady income stream, with room for rental growth and operational efficiencies. Diverse Unit Mix: (4) Three-bedroom units & (5) Two bedroom units, (1) large one-bedroom unit Strong Occupancy: High tenant retention with consistent rental demand Expansion & Value-Add Potential: Opportunity to increase rents through renovations, or redevelopment Prime Location: Located just off Highway 1 and situated near major employers, transportation, and amenities Stabilized & Income-Producing: Immediate cash flow with upside potential
  • Listed by: James Kendall DRE #02010395 Brokerage DRE #00533485 • Baird Partnership, Inc. 831-275-0129
Listing closed: 03/18/2025 12:00 AM • Source: MLSListings, MLS#: ML81994165

Recent comparable sales

Median sold price

$870,000

Avg days on market

41

Sale-to-list ratio

91.0%

Watsonville, CA

9 comparable properties found

$1,085,000 | 236 Locust Street, Watsonville, CA 95076
1/10
1

$1,085,000

Sold 07/31/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,300
Square Feet
0.20
Acres
a sign on the side of a street
1/23
2

$1,600,000

Sold 05/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
6,264
Square Feet
0.42
Acres
a front view of a house with a yard
1/2
3

$805,000

Sold 04/27/26

Unavailable
Bedrooms
Unavailable
Bathrooms
2,088
Square Feet
1.88
Acres
an aerial view of a residential houses with outdoor space
1/20
4

$230,000

Sold 02/14/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.22
Acres
$775,000 | 31-37 Miller Road, Watsonville, CA 95076
1/2
5

$775,000

Sold 02/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.1
Acres
$870,000 | 126 San Juan Road, Watsonville, CA 95076
1/40
6

$870,000

Sold 04/09/25

Unavailable
Bedrooms
Unavailable
Bathrooms
1,557
Square Feet
0.20
Acres
7

$2,800,000

Sold 09/08/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.36
Acres
front view of a house
1/2
8

$830,000

Sold 01/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
3,009
Square Feet
0.12
Acres
9

$2,350,000

Sold 12/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
4,260
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Baird Partnership, Inc., James Kendall, DRE #02010395

Sold By Raeid Farhat Real Estate Inc, Raeid Farhat, DRE #01295607

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Principal and Interest

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Property Taxes

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Property Information for 904 Salinas Road

Property Details
  • Taxes: $31,350 / year
  • MLS Type: 5+ Units / Five or More Units
  • MLS City Name: ROYAL OAKS
  • Building Type: Other
  • Garage Spaces: 0
  • Parking Spaces: 10
  • View: Hills
Building Information
  • Year Built: 1968
  • Lot Size: 3.95 AC / 172,004 SF
Features
Features
  • Fireplace: No
  • Living SqFt: 8098
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Existing Septic
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 10
Garage
  • Garage and Parking: Carport, Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 10
  • Area Text: Hall Road, Las Lomas, Aromas
  • Restrictions: Pets - Not Allowed
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 904
  • Street Name: Salinas
  • Street Suffix: Road
  • Area ID: 59
Lot / Property Details
Building Information
  • Number of Buildings: 6
  • Structure SqFt: 8098
  • Structure SqFt Source: Other
  • Age: 57
Development Information
  • Zoning Detail: RC
Location Information
  • City Limits: No
  • Directions: Located across from the Pajaro Valley Golf Course
  • Incorporated: No
  • Parcel Number: 117-481-034-000
  • County Name: Monterey
  • City Name: ROYAL OAKS
  • City Postal ID: 444
  • Postal Code: 95076
  • Elementary School District: 800
  • High School District Text: Pajaro Valley Unified
Lot Information
  • Foundation: Pillars / Posts / Piers
  • Lot Acres: 3.95
  • 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: 7
General Information
  • Annual Tax Amount: $31,350
  • Capitalization Rate: 6.46
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $30,000
  • Expense Landscape: $3,000
  • Expense Maintenance: $7,500
  • Expense Management: $16,596
  • Expense Trash: $0
  • Expenses Other: $4,000
  • Expenses Utility: $0
  • Expenses Total: $92,446
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Services - Gardener, Services - Sewer
  • Gross Rent Multiplier: 10.30
  • Income Annual Gross: $276,600
  • Income Annual Rental: $276,600
  • Income Gross Scheduled: $276,600
  • Income Other: $0

Property History for 904 Salinas Road

DateEvent & SourcePriceAppreciation
Mar 18, 2025

Sold

EBRD #ML81994165

$2,850,000
Mar 18, 2025

Sold

MLSListings #ML81994165

$2,850,000
Mar 17, 2025

Sold (Public Record)

Public Record #1553194909

$2,850,000
DateEvent & SourcePrice
03/18/2025

Sold

EBRD #ML81994165

$2,850,000
03/18/2025

Sold

MLSListings #ML81994165

$2,850,000
03/17/2025

Sold (Public Record)

Public Record #1553194909

$2,850,000

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

Public Records for 904 Salinas Road

Taxable ValueLand$357,000Additions$2,550,000Total$2,907,000
Tax Record2025$4,313 ($359 / month)
Home Facts
Lot Size172,004 SqFtStyleMulti-Family Res (5+ Units)CountyMONTEREYAPN117-481-034-000

Schools near 904 Salinas Road

This home is within Pajaro Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Ohlone Elementary School
PublicK to 6

Pajaro Middle School
Public6 to 8

Watsonville High School
Public9 to 12

Ceiba College Preparatory Academy
Charter6 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 904 Salinas Road, Watsonville, CA 95076
$2,850,000
8,098
172,004
$320,000
27,000
$540,000
2
890
6,834
$270,000
3
1
1,170
20,561
3
1.5
1,538
54,886
5
3
3,395
26,136

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

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.