224 Abbott St

Salinas, CA 93901

$1,520,000
Last Sold Price
—
Beds
—
Baths
3,660 Sq. Ft.
$415 / Sq. Ft.
3,660
Sq. Ft.
$415
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Sold 2/28/23
Sold 2/28/23
a front view of a house with a garden
a front view of a house with many windows
a front view of a house with garage
a view of an ocean
a bathroom with a sink a toilet and a bathtub
an empty room that has a window in it
a view of an empty room
a bathroom with a sink a toilet and shower
a bathroom with a sink and a mirror
a workspace with furniture and a window

Description

This unique South Salinas apartment complex offers 8 free standing one-bedroom / one-bathroom cottages located on a 28,957 sq. ft lot. The parcel is zoned MX (Mixed Use). Most of the cottages have updated kitchen cabinets, counters, and floors. Most bathrooms have been updated with new cabinets, tile floors, and tile shower surrounds. Most units have newer window blinds and laminate or LVT flooring. The rents average $1,579. The most recent move in rent is $1,725. The property is zoned MX (Mixed...This unique South Salinas apartment complex offers 8 free standing one-bedroom / one-bathroom cottages located on a 28,957 sq. ft lot. The parcel is zoned MX (Mixed Use). Most of the cottages have updated kitchen cabinets, counters, and floors. Most bathrooms have been updated with new cabinets, tile floors, and tile shower surrounds. Most units have newer window blinds and laminate or LVT flooring. The rents average $1,579. The most recent move in rent is $1,725. The property is zoned MX (Mixed Use), which allows residential or commercial and residential uses. Potentially, additional residential units or a combination of commercial and residential units may be added to the property. Accessory dwelling units may be possible. Check with City Planning. The tenants pay PG&E for a gas wall furnace, water heater, and the stove. The landlord is responsible for water, sewer, and garbage. The units have a small storage space on the front of the unit.
  1. Listed by Hap Albers • DRE #01006595 • Brokerage DRE #01006595 • Albers Real Estate Investment Company • 831-372-1922

Property Details for 224 Abbott Street

MLS City Name
SALINAS
Building Type
Other
Garage Spaces
0
Parking Spaces
15
Cross Street
John Street
LISTING UPDATED: 02/28/2023 05:21 PM

Property Details for 224 Abbott Street

StatusSold
MLS #ML81918343
Days on Compass8
Taxes$16,819 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1928
Lot Size0.66 AC / 28,957 SF
CountyMonterey County
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Location

Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595

Sold By Town'N Country Realty, Mike Handley, DRE #01280498

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Building Information for 224 Abbott Street

Stories-Residences-Year Built1928Building Size-Lot Size0.66 AC / 28,957 SF

Payment Calculator

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$8,810 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,408

Property Taxes

$1,402

HOA Dues

$0

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Property Information for 224 Abbott Street

Features
Room Information
  • Kitchen: Countertop - Formica, Oven Range, Oven Range - Gas, Refrigerator
Features
  • Fireplace: No
  • Laundry: None
  • Living SqFt: 3660
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Private / Mutual
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Off-Street Parking, Unassigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 8
  • Area Text: Maple Park
  • Restrictions: None
  • Roof: Composition
  • Stories: 0.0
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 224
  • Street Name: Abbott
  • Street Suffix: Street
  • Area ID: 69
Lot / Property Details
Building Information
  • Number of Buildings: 8
  • Structure SqFt: 3660
  • Structure SqFt Source: Assessor
  • Age: 95
Development Information
  • Zoning Detail: Mixed Use (MX)
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 002-382-009-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93901
  • Elementary School District: 441
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Lot Acres: .66
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $16,819
  • Capitalization Rate: 6.12
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: Rents
  • Vacancy Factor: 5
Income / Expense Details
  • Expense Insurance: $1,932
  • Expense Landscape: $1,500
  • Expense Maintenance: $10,000
  • Expense Management: $8,644
  • Expense Trash: $696
  • Expenses Other: $6,750
  • Expenses Utility: $5,947
  • Expenses Total: $52,288
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Maintenance - Repair, Reserve Fund, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 9.88
  • Income Annual Gross: $144,073
  • Income Annual Rental: $151,656
  • Income Gross Scheduled: $151,656
  • 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: $1,233
Unit 2 Information
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Rent: $0
Unit 4 Information
  • Unit 4 Rent: $0
Listing Info
Rental Info
  • Lease Type: Net

Property History for 224 Abbott Street

DateEvent & SourcePriceAppreciation
Feb 28, 2023

Sold

EBRD #ML81918343

$1,520,000—
Feb 28, 2023

Sold

MLSListings #ML81918343

$1,520,000—
Feb 28, 2023

Sold

RESFAR #81918343

$1,520,000—
Feb 22, 2023

Sold (Public Record)

Public Record #1506847148

$1,520,000—
Feb 16, 2023

Pending

RESFAR #81918343

—
Feb 16, 2023

Contingent - Show

RESFAR #81918343

—
Feb 16, 2023

Pending

MLSListings #ML81918343

—
Feb 16, 2023

Pending

EBRD #ML81918343

—
Feb 16, 2023

Contingent - Show

MLSListings #ML81918343

—
Feb 8, 2023

Listed (Active)

EBRD #ML81918343

$1,499,000—
Feb 8, 2023

Listed (Active)

MLSListings #ML81918343

$1,499,000—
Feb 8, 2023

Listed (Active)

RESFAR #81918343

$1,499,000—
DateEvent & SourcePrice
02/28/2023

Sold

EBRD #ML81918343

$1,520,000
02/28/2023

Sold

MLSListings #ML81918343

$1,520,000
02/28/2023

Sold

RESFAR #81918343

$1,520,000
02/22/2023

Sold (Public Record)

Public Record #1506847148

$1,520,000
02/16/2023

Pending

RESFAR #81918343

—
02/16/2023

Contingent - Show

RESFAR #81918343

—
02/16/2023

Pending

MLSListings #ML81918343

—
02/16/2023

Pending

EBRD #ML81918343

—
02/16/2023

Contingent - Show

MLSListings #ML81918343

—
02/08/2023

Listed (Active)

EBRD #ML81918343

$1,499,000
02/08/2023

Listed (Active)

MLSListings #ML81918343

$1,499,000
02/08/2023

Listed (Active)

RESFAR #81918343

$1,499,000

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

Public Records for 224 Abbott Street

Taxable ValueLand$832,320Additions$751,488Total$1,583,808
Tax Record2025$19,935 ($1,661 / month)
Home Facts
Baths8Total Finished SqFt3,660 SqFtAbove Grade Finished SqFt3,660 SqFtStories1Lot Size28,956 SqFtStyleMulti-Family Res (5+ Units)Year Built1928CountyMONTEREYAPN002-382-009-000Fireplace TypeHas Fireplace

Schools near 224 Abbott Street

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Monterey Park Elementary School
Public - K to 6
Mission Park Elementary School
Public - K to 6
University Park Elementary School
Public - K to 6
Lincoln Elementary School
Public - K to 6
Rating
School
Distance
Monterey Park Elementary School
PublicK to 6

Mission Park Elementary School
PublicK to 6

University Park Elementary School
PublicK to 6

Lincoln Elementary School
PublicK 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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Listing Courtesy of Albers Real Estate Investment Company, Hap Albers, DRE #01006595

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.