323 Riker Street

Salinas, CA 93901

$1,399,000
Price
Beds
3,960 Sq. Ft.
$353 / Sq. Ft.
3,960
Sq. Ft.
$353
per Sq. Ft.

Description

This Adorable 6-unit property has been in the family since the 1950's, it's located in prime South Salinas Location. Close proximity to schools, parks, county offices, court house, shopping, restaurants and down town Salinas. All 6 units are detached, single 1bd/1ba cottages, with detached garages near by (no garage doors). These units rent so quickly, the seller never has problems with vacancy. Please do not disturb tenants Must have an appt with a realtor to access property

Property Details for 323 Riker Street

MLS City Name
SALINAS
Building Type
Other
Garage Spaces
6
Parking Spaces
0

Location

Listing Courtesy of Vanco Real Estate Executives, Chantel Henson, DRE #01271580; Vanco Real Estate Executives, Betty Stringer, DRE #02042438

Property Details for 323 Riker Street

StatusCanceled
MLS #ML81836610
Days on Compass61
Taxes$1,392 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCOMM RI MULTI-UNITS 5+ / Other
Year Built1925
Lot Size0.30 AC / 13,000 SF
CountyMonterey County

Contact a Compass agent

Location

Listing Courtesy of Vanco Real Estate Executives, Chantel Henson, DRE #01271580; Vanco Real Estate Executives, Betty Stringer, DRE #02042438

Building Information for 323 Riker Street

Stories-Residences-Year Built1925Building Size-Lot Size0.30 AC / 13,000 SF

Payment Calculator

$4,804 per month

30 year fixed, 2.95% Interest

Principal and Interest

$4,688

Property Taxes

$116

HOA Dues

$0

Property Information for 323 Riker Street

Features
    Features
  • Living SqFt: 3960
  • Pool: No
  • Security Features: None
  • Special Features: None
    Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Electric, Master Gas, Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Individual Water Meter, Public
    Carport and Parking
  • Carport Min: 0
    Garage
  • Garage and Parking: Detached Garage
Property Details
    Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
    Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Mission Park
  • Restrictions: None
  • Roof: Tar and Gravel
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 323
  • Street Name: Riker
  • Street Suffix: Street
  • Area ID: 71
Lot / Property Details
    Building Information
  • Number of Buildings: 6
  • Structure SqFt: 3960
  • Structure SqFt Source: Assessor
  • Age: 96
    Development Information
  • Ownership Type: Other Business Ownership
  • Zoning Detail: Multi-Res
    Location Information
  • City Limits: Yes
  • Cross Street: W Alisal
  • Parcel Number: 002-325-011-000
  • 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: Other
  • Lot Acres: .30
  • 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: Yes
Multi Family Information
    Building Information
  • No Of Leased: 5
    General Information
  • Annual Tax Amount: $1,392
  • Capitalization Rate: 4.70
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water
  • Income Includes: Rents
  • Vacancy Factor: 0
    Income / Expense Details
  • Expense Insurance: $1
  • Expense Landscape: $1
  • Expense Maintenance: $1
  • Expense Management: $0
  • Expense Trash: $1
  • Expenses Other: $1
  • Expenses Utility: $0
  • Expenses Total: $1,397
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 20.82
  • Income Annual Gross: $67,200
  • Income Annual Rental: $67,200
  • Income Gross Scheduled: $67,200
  • Income Other: $0
    Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $800
    Unit Type 1
  • Unit Type1 Approx SqFt: 660

Property History for 323 Riker Street

DateEvent & SourcePriceAppreciation
Jun 29, 2021

Withdrawn

EBRD #ML81836610

Jun 29, 2021

Withdrawn

MLSListings #ML81836610

Apr 29, 2021

Listed (Active)

EBRD #ML81836610

$1,399,000
DateEvent & SourcePrice
06/29/2021

Withdrawn

EBRD #ML81836610

06/29/2021

Withdrawn

MLSListings #ML81836610

04/29/2021

Listed (Active)

EBRD #ML81836610

$1,399,000

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

Public Records for 323 Riker Street

Taxable ValueLand$31,681Additions$74,071Total$105,752
Tax Record2020$1,391 ($116 / month)
Home Facts
Baths6Total Finished SqFt3,960 SqFtAbove Grade Finished SqFt3,960 SqFtStories1Lot Size13,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1925Year Renovated1925CountyMONTEREYAPN002325011000

Schools near 323 Riker Street


SchoolTypeGradesDistanceRating
Roosevelt Elementary SchoolPublicK-60.2 mi
4
Washington Middle SchoolPublic7-80.2 mi
4
Salinas High SchoolPublic9-120.4 mi
5
Sacred Heart SchoolPrivatePK-80.5 mi
NR

Roosevelt Elementary School

K-6, 0.2 mi, Public

4

Washington Middle School

7-8, 0.2 mi, Public

4

Salinas High School

9-12, 0.4 mi, Public

5

Sacred Heart School

PK-8, 0.5 mi, Private

NR

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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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 expressly disclaims any liability in connection therewith. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vanco Real Estate Executives, Chantel Henson, DRE #01271580; Vanco Real Estate Executives, Betty Stringer, DRE #02042438

Based on information from the San Francisco Association of Realtors as of 04/29/2021 12:00 AM, the MLSListings MLS as of 04/29/2021 12:00 AM, or the BAREIS MLS as of 04/29/2021 12:00 AM. MLS data is deemed reliable but is not guaranteed accurate by the MLS. Information is provided for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purposes other than to identify prospective properties consumers may be interested in purchasing. Data last updated on 06/29/2021 06:21 AM