1034 East Laurel Drive

Salinas, CA 93905

$1,499,000
Price
Beds
6,167 Sq. Ft.
$243 / Sq. Ft.
6,167
Sq. Ft.
$243
per Sq. Ft.

Description

Solid Income Producing Multi-Unit complex on a 12,000 sf lot. These six spacious 2 bedroom 1 bath units are in a perfect central location. Great single detached Managers unit with front yard is ideal for owner to live and manage property. Deep driveway with plenty of parking!Solid Income Producing Multi-Unit complex on a 12,000 sf lot. These six spacious 2 bedroom 1 bath units are in a perfect central location. Great single detached Managers unit with front yard is ideal for owner to live and manage property. Deep driveway with plenty of parking!
  1. Listed by Oscar Gutierrez • DRE #01446932 • Brokerage DRE #01319514 • Bailey Properties • 831-421-2424

Property Details for 1034 East Laurel Drive

MLS City Name
SALINAS
Building Type
Other
Garage Spaces
0
Parking Spaces
12

Location

Listing Courtesy of Bailey Properties, Oscar Gutierrez, DRE #01446932
Add your commute
LISTING UPDATED: 05/02/2024 10:12 AM

Property Details for 1034 East Laurel Drive

StatusActive
MLS #ML81963294
Days on Compass46
Taxes$5,292 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1968
Lot Size0.28 AC / 12,005 SF
CountyMonterey County

Location

Listing Courtesy of Bailey Properties, Oscar Gutierrez, DRE #01446932
Add your commute

Building Information for 1034 East Laurel Drive

Stories-Residences-Year Built1968Building Size-Lot Size0.28 AC / 12,005 SF

Payment Calculator

$8,622 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,181

Property Taxes

$441

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1034 East Laurel Drive

Features
Features
  • Communications: Cable TV
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Living SqFt: 6167
  • Pool: No
  • Security Features: Other
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Other
  • Meters: Separate Electric, Separate Gas, Separate Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Common Parking Area, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: ES-68
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 1034
  • Street Name: Laurel
  • Street Direction Prefix: East
  • Street Suffix: Drive
  • Area ID: 68
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 6167
  • Structure SqFt Source: Assessor
  • Age: 56
Development Information
  • Ownership Type: Individual
  • Zoning Detail: APT
Location Information
  • Directions: Sanborn Road
  • Parcel Number: 004-222-057
  • 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: .28
  • 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: 6
General Information
  • Annual Tax Amount: $5,292
  • Capitalization Rate: 5.44
  • Tenant Expenses: Utilities - Electric, Utilities - Gas, Utilities - Heating, Utilities - Hot Water, Utilities - Water
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,900
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $3,600
  • Expenses Utility: $0
  • Expenses Total: $12,792
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 15.88
  • Income Annual Gross: $94,380
  • Income Annual Rental: $94,380
  • Income Gross Scheduled: $94,380
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $1,430
Unit 2 Information
  • Unit 2 Approx Square Footage: 1000
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $715
Unit Type 1
  • Unit Type1 Approx SqFt: 1030

Property History for 1034 East Laurel Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1034 East Laurel Drive

Taxable ValueLand$150,675Additions$227,754Total$378,429
Tax Record2023$5,292 ($441 / month)
Home Facts
Baths7Total Finished SqFt947 SqFtAbove Grade Finished SqFt947 SqFtStories1Lot Size12,004 SqFtStyleMulti-Family Res (5+ Units)Year Built1968CountyMONTEREYAPN004-222-057-000

Schools near 1034 East Laurel Drive

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
Fremont Elementary School
PublicK to 6

El Sausal Middle School
Public7 to 8

Alisal High School
Public9 to 12

El Puente
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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1034 East Laurel Drive is a multi-family home for sale in Salinas, CA 93905. This property was listed for sale on April 26, 2024 by Bailey Properties, it's currently listed at $1,499,000. It has been on the market for a total of 46 days and was last sold on January 14, 1999. This listing's school districts are Salinas Union High School District, Alisal Union School District. Nearby schools include Fremont Elementary School, El Sausal Middle School and Alisal High School. 1034 East Laurel Drive is a 0-bed, 0-bath, 6,167 sqft multi-family home built in 1968.

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 Bailey Properties, Oscar Gutierrez, DRE #01446932

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.