470 Williams Road

Salinas, CA 93905

$2,629,000
Price
Beds
4,750 Sq. Ft.
$553 / Sq. Ft.
4,750
Sq. Ft.
$553
per Sq. Ft.

Description

PLEASE DO NOT Go onto property! Calling all Investors! This almost 1.2 acre lot spans from Williams road with another access point on the street over at Cross Avenue. There are (10) 1bd/1ba apartments all located on the main level and all with attached single car garages. PLUS 13 Mobile home spaces that are currently at full occupancy by well established tenants. There is also 1 2bd (maybe 3bd) 1 BA single family residence. The City of Salinas mentioned that there is the possibility of rezoning &...PLEASE DO NOT Go onto property! Calling all Investors! This almost 1.2 acre lot spans from Williams road with another access point on the street over at Cross Avenue. There are (10) 1bd/1ba apartments all located on the main level and all with attached single car garages. PLUS 13 Mobile home spaces that are currently at full occupancy by well established tenants. There is also 1 2bd (maybe 3bd) 1 BA single family residence. The City of Salinas mentioned that there is the possibility of rezoning & building 24+ or more units on this lot. So there is greater potential for this property bring in more income.
  1. Listed by Chantel Henson • DRE #01271580 • Brokerage DRE #02100578 • Vanco Real Estate Executives • 831-809-4100
  2. Listed by Betty Stringer • DRE #02042438 • Brokerage DRE #02100578 • Vanco Real Estate Executives

Property Details for 470 Williams Road

MLS City Name
SALINAS
Building Type
Other
Garage Spaces
10
Parking Spaces
6

Location

Listing Courtesy of Vanco Real Estate Executives, Chantel Henson, DRE #01271580; Vanco Real Estate Executives, Betty Stringer, DRE #02042438
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LISTING UPDATED: 04/17/2024 09:42 AM

Property Details for 470 Williams Road

StatusActive
MLS #ML81961668
Days on Compass16
Taxes$4,373 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1955
Lot Size1.18 AC / 51,607 SF
CountyMonterey County

Location

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

Virtual Tour

Building Information for 470 Williams Road

Stories-Residences-Year Built1955Building Size-Lot Size1.18 AC / 51,607 SF

Payment Calculator

$14,712 per month

30 year fixed, 7.25% Interest

Principal and Interest

$14,348

Property Taxes

$364

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 470 Williams Road

Features
External Links
Features
  • Fireplace: No
  • Living SqFt: 4750
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, Attached Garage, Common Parking Area, On Street, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 24
  • Area Text: ES-68
  • Restrictions: Age - No Restrictions, Below Market Rate Unit, Family Park, No Waterbeds, Parking Restrictions, Pets - Allowed
  • Roof: Composition, Other
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 470
  • Street Name: Williams
  • Street Suffix: Road
  • Area ID: 68
Lot / Property Details
Building Information
  • Number of Buildings: 3
  • Structure SqFt: 4750
  • Structure SqFt Source: Other
  • Age: 69
Development Information
  • Ownership Type: Trust
  • Zoning Detail: RH/RL
Location Information
  • City Limits: Yes
  • Parcel Number: 004-491-007-000
  • 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
  • Lot Acres: 1.18
  • Lot Description: Potential Re-Zone
  • 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: 22
General Information
  • Annual Tax Amount: $4,373
  • Capitalization Rate: 3.96
  • Tenant Expenses: Fee - Parking
  • Income Includes: Land, Mgrs Unit Rental, Parking, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $7,941
  • Expense Landscape: $0
  • Expense Maintenance: $19,000
  • Expense Management: $0
  • Expense Trash: $14,083
  • Expenses Other: $0
  • Expenses Utility: $49,566
  • Expenses Total: $94,963
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Supplies, Utilities
  • Gross Rent Multiplier: 13.20
  • Income Annual Gross: $199,152
  • Income Annual Rental: $199,152
  • Income Gross Scheduled: $199,152
  • 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: $625
Unit 2 Information
  • Unit 2 Approx Square Footage: 1000
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 0
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $0
Unit 3 Information
  • Unit 3 Full Bathrooms: 0
  • Unit 3 Number of Bedrooms: 0
  • Unit 3 Rent: $540
Unit Type 1
  • Unit Type1 Approx SqFt: 375

Property History for 470 Williams Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 470 Williams Road

Taxable ValueLand$123,573Additions$171,337Total$294,910
Tax Record2023$4,373 ($364 / month)
Home Facts
Lot Size51,606 SqFtStyleMobile Home ParksCountyMONTEREYAPN004-491-007-000

Schools near 470 Williams Road

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 - 7 to 12
Rating
School
Distance
Tiburcio Vasquez Elementary
PublicK to 6

El Sausal Middle School
Public7 to 8

Alisal 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

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470 Williams Road is a multi-family home for sale in Salinas, CA 93905. This property was listed for sale on April 16, 2024 by Vanco Real Estate Executives, it's currently listed at $2,629,000. This listing's school districts are Salinas Union High School District, Alisal Union School District. Nearby schools include Tiburcio Vasquez Elementary, El Sausal Middle School and Alisal High School. 470 Williams Road is a 0-bed, 0-bath, 4,750 sqft multi-family home built in 1955.

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. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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 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.