215-217 Lang Street

Salinas, CA 93901

$880,000
Price
Beds
2,031 Sq. Ft.
$433 / Sq. Ft.
2,031
Sq. Ft.
$433
per Sq. Ft.

Description

Own Your Real Estate Empire in South Salinas! This multi-unit complex, originally owned by one family, presents an exceptional investment opportunity. With two current owners, you can acquire this tri-plex and standalone single-family home on one APN, or expand your portfolio by adding the neighboring duplex, owned separately. The tri-plex includes three 1-bedroom, 1-bath units two on the ground floor and one upstairs with a dedicated laundry room and three parking spaces. The standalone back house...Own Your Real Estate Empire in South Salinas! This multi-unit complex, originally owned by one family, presents an exceptional investment opportunity. With two current owners, you can acquire this tri-plex and standalone single-family home on one APN, or expand your portfolio by adding the neighboring duplex, owned separately. The tri-plex includes three 1-bedroom, 1-bath units two on the ground floor and one upstairs with a dedicated laundry room and three parking spaces. The standalone back house features 2 bedrooms, 1 bath, and a new roof overlay completed in November 2024 for worry-free maintenance. The adjoining duplex offers potential for expansion and immediate income, making this a versatile investment opportunity. Together, these properties provide diverse rental streams and simplified management, making them a strategic addition to any portfolio. Located near Hartnell College, schools, bus lines, and major freeways, this property guarantees high tenant demand and long-term growth potential. Don't miss this rare chance to secure a high-growth investment. Sellers prefer these units be sold together, creating a legacy opportunity in sought-after South Salinas.
  1. Listed by Renee Garner • DRE #01705882 • Brokerage DRE #01879796 • Century 21 Showcase Realtors • 831-206-8609
  2. Listed by Gina Hinds • DRE #01962087 • Brokerage DRE #01879796 • Century 21 Showcase Realtors

Property Details for 215-217 Lang Street

MLS City Name
SALINAS
Building Type
OTHER
Garage Spaces
0
Parking Spaces
3
Cross Street
Riker

Open Houses

LIVESTREAM

Wednesday, Jan 15th

7:00 AM - 11:00 PM

Public

LIVESTREAM

Thursday, Jan 16th

7:00 AM - 11:00 PM

Public

LIVESTREAM

Friday, Jan 17th

7:00 AM - 11:00 PM

Public

LISTING UPDATED: 01/15/2025 12:20 AM

Property Details for 215-217 Lang Street

StatusActive
MLS #ML81989685
Days on Compass7
Taxes$2,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1930
Lot Size0.12 AC / 5,213 SF
CountyMonterey County

Building Information for 215-217 Lang Street

Stories2Residences-Year Built1930Lot Size0.12 AC / 5,213 SF

Property Information for 215-217 Lang Street

Features
Room Information
  • Additional Rooms: Laundry Room
  • Kitchen: 220 Volt Outlet, Cooktop - Gas, Countertop - Formica, Freezer, Hood Over Range, Refrigerator
Features
  • Amenities: High Ceiling, Walk-in Closet
  • Energy Features: Energy Star Lighting, Low Flow Shower, Low Flow Toilet
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl / Linoleum
  • Laundry: Coin Operated, Washer/Dryer - Some Units
  • Living SqFt: 2031
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • 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: Assigned Spaces, Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Mission Park
  • Roof: Composition, Shingle
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 215-217
  • Street Name: LANG
  • Street Suffix: Street
  • Area ID: 71
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 2
  • Structure SqFt: 2031
  • Structure SqFt Source: Assessor
  • Age: 95
Development Information
  • Zoning Detail: Multi Family
Location Information
  • City Limits: Yes
  • Directions: Riker to Lang Street
  • Incorporated: No
  • Parcel Number: 002-422-020-000
  • 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: Concrete Perimeter, Crawl Space, Post and Pier
  • Horse Property: No
  • Lot Acres: .12
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Courtyard, Fenced, Low Maintenance
Multi Family Information
Building Information
  • No Of Leased: 2
General Information
  • Annual Tax Amount: $2,500
  • Capitalization Rate: 3.46
  • Tenant Expenses: None
  • Income Includes: Coin Operated Equip, Laundry
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $1,921
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $707
  • Expenses Other: $0
  • Expenses Utility: $4,297
  • Expenses Total: $9,425
  • Operating Expenses Include: Fee - Property Tax, Insurance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Utilities - Gas, Utilities - Water
  • Gross Rent Multiplier: 22.07
  • Income Annual Gross: $39,870
  • Income Annual Rental: $39,000
  • Income Gross Scheduled: $39,870
  • Income Other: $870
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Half Bathrooms: 0
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,375
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Rent: $900
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Half Bathrooms: 0
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Half Bathrooms: 0
  • Unit 4 Number of Bedrooms: 2

Property History for 215-217 Lang Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 215-217 Lang Street

This home is within Salinas Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - K to 6
Public - K to 6
Public - K to 6
Rating
School
Distance
Lincoln Elementary School
PublicK to 6

University Park Elementary School
PublicK to 6

Monterey Park Elementary School
PublicK to 6

Mission Park Elementary School
PublicK to 6

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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215-217 Lang Street is for sale in Salinas, CA 93901. This property was listed for sale on January 8, 2025 by Century 21 Showcase Realtors, it's currently listed at $880,000. This listing's school districts are Salinas Union High School District, Salinas City Elementary School District. Nearby schools include Lincoln Elementary School, University Park Elementary School and Monterey Park Elementary School. 215-217 Lang Street is a 0-bed, 0-bath, 2,031 sqft built in 1930.

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 Century 21 Showcase Realtors, Renee Garner, DRE #01705882; Century 21 Showcase Realtors, Gina Hinds, DRE #01962087

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.