506 Santa Maria Street

Salinas, CA 93905

$1,050,000
Price
Beds
2,406 Sq. Ft.
$436 / Sq. Ft.
2,406
Sq. Ft.
$436
per Sq. Ft.

Description

Invest in this lucrative fourplex opportunity! Each unit features individual water, gas, and electric meters, ensuring hassle-free utility management. Conveniently located with easy access to Highway 101, this property includes a 1-car garage for the two front units. The units at 506/506A and 508/508A are currently tenant-occupied on month-to-month leases, offering flexibility. Each unit is a comfortable 2-bed, 1-bath space. Please respect the tenants' privacy; do not disturb.Invest in this lucrative fourplex opportunity! Each unit features individual water, gas, and electric meters, ensuring hassle-free utility management. Conveniently located with easy access to Highway 101, this property includes a 1-car garage for the two front units. The units at 506/506A and 508/508A are currently tenant-occupied on month-to-month leases, offering flexibility. Each unit is a comfortable 2-bed, 1-bath space. Please respect the tenants' privacy; do not disturb.
  1. Listed by Sandra Rangel • DRE #02182614 • Brokerage DRE #01864213 • Remax Property Experts • 831-484-4011

Property Details for 506 Santa Maria Street

MLS City Name
SALINAS
Building Type
FOURPLEX
Garage Spaces
2
Parking Spaces
4

Location

Listing Courtesy of Remax Property Experts, Sandra Rangel, DRE #02182614
Add your commute
LISTING UPDATED: 03/31/2024 09:49 AM

Property Details for 506 Santa Maria Street

StatusPending ( Do Not Show )
MLS #ML81952859
Days on Compass46
Taxes$5,095 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1941
Lot Size0.18 AC / 7,715 SF
CountyMonterey County

Location

Listing Courtesy of Remax Property Experts, Sandra Rangel, DRE #02182614
Add your commute

Building Information for 506 Santa Maria Street

Stories1Residences4Year Built1941Building Size-Lot Size0.18 AC / 7,715 SF

Payment Calculator

$6,155 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,730

Property Taxes

$425

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 506 Santa Maria Street

Features
Room Information
  • Kitchen: Cooktop - Gas
Features
  • Communications: None
  • Fireplace: No
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 2406
  • Pool: No
  • Security Features: Video / Audio System
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Individual Water Meter
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: ES-66
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 506
  • Street Name: Santa Maria
  • Street Suffix: Street
  • Area ID: 66
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 4
  • Structure SqFt: 2406
  • Structure SqFt Source: Assessor
  • Age: 83
Development Information
  • Zoning Detail: R-M
Location Information
  • Parcel Number: 003-021-002-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93905
  • Elementary School District: 441
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .18
  • 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: 4
General Information
  • Annual Tax Amount: $5,095
  • Building Unit Total: 4
  • Capitalization Rate: 5.96
  • Tenant Expenses: None
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $1,449
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $4,380
  • Expenses Total: $10,924
  • Operating Expenses Include: Services - Sewer
  • Gross Rent Multiplier: 14.29
  • Income Annual Gross: $73,500
  • Income Annual Rental: $73,500
  • Income Gross Scheduled: $73,500
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,000
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,800
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,200
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $1,125

Property History for 506 Santa Maria Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 506 Santa Maria Street

Taxable ValueLand$184,825Additions$252,225Total$437,050
Tax Record2023$5,095 ($425 / month)
Home Facts
Baths3Total Finished SqFt1,326 SqFtAbove Grade Finished SqFt1,326 SqFtStories1Lot Size7,715 SqFtStyleMulti-Family Dwelling (2-4)Year Built1941CountyMONTEREYAPN003-021-002-000Fireplace TypeHas Fireplace

Schools near 506 Santa Maria Street

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

Sherwood Elementary School
PublicK to 6

Washington Middle School
Public7 to 8

Salinas High School
Public9 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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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 Remax Property Experts, Sandra Rangel, DRE #02182614

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.