1267 Cherokee Drive

Salinas, CA 93906

$939,000
Price
Beds
2,448 Sq. Ft.
$384 / Sq. Ft.
2,448
Sq. Ft.
$384
per Sq. Ft.

Description

PLEASE do not go onto the property without an appt! Looking for an opportunity of a lifetime? Then stop looking because this is the property for you! 1267 Cherokee Dr is located here in North Salinas CA. This triplex offers - 3 single level apartments, approx. 795sf each unit - a community laundry room with coin operated washer and dryers that brings in extra income. - and 6 assessable parking spaces for off-street parking. The individual units offer 2 oversized bedrooms and 1 full bathroom, galley...PLEASE do not go onto the property without an appt! Looking for an opportunity of a lifetime? Then stop looking because this is the property for you! 1267 Cherokee Dr is located here in North Salinas CA. This triplex offers - 3 single level apartments, approx. 795sf each unit - a community laundry room with coin operated washer and dryers that brings in extra income. - and 6 assessable parking spaces for off-street parking. The individual units offer 2 oversized bedrooms and 1 full bathroom, galley style kitchen and large spacious living room. The opportunities are endless! - they would make a good investment to add to your portfolio - live in one and rent the others to help make your mortgage payment! - or would make a great family compound Each property would be purchased separately Located in the heart of north Salinas, with quick access to Hwy 101, near all major shopping centers and public transportation makes it a good place to put down some roots! You won't want to let this opportunity pass you by!

Listing Agents

  1. Chantel Henson

    Chantel Henson

    Listing Agent

    Compass

    DRE #01271580

  2. Betty Stringer

    Betty Stringer

    Alternative Listing Agent

    Compass

    DRE #02042438

Property Details for 1267 Cherokee Drive

MLS City Name
SALINAS
Building Type
TRIPLEX
Garage Spaces
0
Parking Spaces
0
LISTING UPDATED: 11/11/2024 09:29 AM

Property Details for 1267 Cherokee Drive

StatusActive
MLS #ML81984852
Days on Compass7
Taxes$2,290 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / TRIPLEX
Year Built1976
Lot Size0.20 AC / 8,550 SF
CountyMonterey County

Virtual Tour

Building Information for 1267 Cherokee Drive

Stories1Residences3Year Built1976Building Size-Lot Size0.20 AC / 8,550 SF

Property Information for 1267 Cherokee Drive

Features
Features
  • Fireplace: No
  • Laundry: Coin Operated
  • Living SqFt: 2448
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Assigned Spaces, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Northgate/Sherwood Gardens, Santa Rita
  • Roof: Composition
  • Subclass: Triplex
  • Year Built Source: Assessor
  • Street Number: 1267
  • Street Name: Cherokee
  • Street Suffix: Drive
  • Area ID: 60
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 1
  • Structure SqFt: 2448
  • Structure SqFt Source: Assessor
  • Age: 48
Development Information
  • Zoning Detail: R-M-2.9
Location Information
  • Parcel Number: 261-511-065-000
  • County Name: Monterey
  • City Name: SALINAS
  • City Postal ID: 5389
  • Postal Code: 93906
  • Elementary School District: 441
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .20
  • 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: 3
General Information
  • Annual Tax Amount: $2,290
  • Building Unit Total: 3
  • Capitalization Rate: 3.84
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Coin Operated Equip, Laundry, Parking, Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $10,472
  • Expense Landscape: $1,015
  • Expense Maintenance: $1,900
  • Expense Management: $6,620
  • Expense Trash: $0
  • Expenses Other: $310
  • Expenses Utility: $5,509
  • Expenses Total: $28,116
  • Operating Expenses Include: Services - Sewer, Services - Trash Removal, Utilities - Water
  • Gross Rent Multiplier: 14.63
  • Income Annual Gross: $64,200
  • Income Annual Rental: $64,200
  • Income Gross Scheduled: $64,200
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,300
Unit 2 Information
  • Unit 2 Approx Square Footage: 795
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,650
Unit 3 Information
  • Unit 3 Approx Square Footage: 795
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Rent: $1,700
Unit Type 1
  • Unit Type1 Approx SqFt: 795

Property History for 1267 Cherokee Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 1267 Cherokee Drive

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
Boronda Meadows
PublicK to 6

Henry F. Kammann Elementary School
PublicK to 6

Harden Middle School
Public7 to 8

North 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.

Similar Homes

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Similar Sold Homes

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1267 Cherokee Drive is a multi-family home for sale in Salinas, CA 93906. This property was listed for sale on November 5, 2024 by Compass, it's currently listed at $939,000. This listing's school districts are Salinas Union High School District, Salinas City Elementary School District. Nearby schools include Boronda Meadows, Henry F. Kammann Elementary School and Harden Middle School. 1267 Cherokee Drive is a 0-bed, 0-bath, 2,448 sqft multi-family home built in 1976.

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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Chantel Henson, DRE #01271580; Compass, 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.