43 Laureles Grade

Salinas, CA 93908

$2,250,000
Price
Beds
2,843 Sq. Ft.
$791 / Sq. Ft.
2,843
Sq. Ft.
$791
per Sq. Ft.

Description

Back on the market with beautiful capital improvements! Welcome to Highway 68/Pasteur of Heaven, an exceptional investment opportunity conveniently situated near Highway 68, providing quick access to the Monterey Peninsula and Salinas. At a strong 9.1% CAP Rate, this property is a rare find as it comprises multiple units, making it perfect for multi-generational living or serving as an investment property with the potential to generate substantial income. Unit 1: This is the main house with a spacious...Back on the market with beautiful capital improvements! Welcome to Highway 68/Pasteur of Heaven, an exceptional investment opportunity conveniently situated near Highway 68, providing quick access to the Monterey Peninsula and Salinas. At a strong 9.1% CAP Rate, this property is a rare find as it comprises multiple units, making it perfect for multi-generational living or serving as an investment property with the potential to generate substantial income. Unit 1: This is the main house with a spacious bathroom on the top floor, providing privacy and a separate entrance. It features two decks, one in the front and one at the back. Unit 1 includes a large wine rack in the kitchen, a wine cellar, a beautiful marble bath, a sauna in the back, and numerous other amenities. Unit 2: A newly remodeled 1-bedroom, 1-bath unit with fresh flooring and interior and exterior painting. Unit 3: A studio located on top of the garage, also recently remodeled with new interior and exterior paint, along with new flooring. This versatile layout offers ample space for everyone. Call now!
  1. Listed by Joe Villanueva • DRE #01715260 • Brokerage DRE #01715260 • Villa Nueva Properties • 831-206-7832

Property Details for 43 Laureles Grade

MLS City Name
Salinas
Building Type
OTHER
Garage Spaces
2
Parking Spaces
4
LISTING UPDATED: 11/15/2024 11:21 AM

Property Details for 43 Laureles Grade

StatusActive
MLS #ML81986725
Days on Compass2
Taxes$2,400 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeOther
MLS TypeRESIDENTIAL INCOME / OTHER
Year Built1959
Lot Size0.98 AC / 42,689 SF
CountyMonterey County

Building Information for 43 Laureles Grade

Stories1Residences-Year Built1959Lot Size0.98 AC / 42,689 SF

Property Information for 43 Laureles Grade

Features
Features
  • Fireplace: No
  • Living SqFt: 2843
  • Pool: No
  • Security Features: None
  • Special Features: Parking
Utilities
  • Cooling: Central AC
  • Heating: Central Forced Air
  • Meters: Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Public Utilities
  • Water: Well
Carport and Parking
  • Carport Min: 2
Garage
  • Garage and Parking: Carport, Common Parking Area
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: San Benancio, Harper Cyn, Corral De Tierra, Rim Rock
  • Roof: Shingle
  • Subclass: Multiple Dwellings / Structures
  • Year Built Source: Assessor
  • Street Number: 43
  • Street Name: Laureles Grade
  • Area ID: 98
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 4
  • Structure SqFt: 2843
  • Structure SqFt Source: Assessor
  • Age: 65
Development Information
  • Zoning Detail: R-1
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 173-031-013-000
  • County Name: Monterey
  • City Name: Salinas
  • City Postal ID: 5389
  • Postal Code: 93908
  • Elementary School District: 449
  • High School District Text: Salinas Union High
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .98
  • 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: $2,400
  • Capitalization Rate: 7.31
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Other
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $3,600
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $600
  • Expenses Other: $0
  • Expenses Utility: $1,200
  • Expenses Total: $7,800
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 13.07
  • Income Annual Gross: $172,188
  • Income Annual Rental: $161,388
  • Income Gross Scheduled: $172,188
  • Income Other: $10,800
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $2,100
Unit 2 Information
  • Unit 2 Full Bathrooms: 2
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Rent: $6,249
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
  • Unit 3 Rent: $2,750
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 1
  • Unit 4 Rent: $2,350

Property History for 43 Laureles Grade

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 43 Laureles Grade

Taxable ValueLand$424,483Additions$636,724Total$1,061,207
Tax Record2023$11,358 ($946 / month)
Home Facts
Beds3Baths4Total Finished SqFt2,843 SqFtAbove Grade Finished SqFt2,843 SqFtStories1Lot Size42,688 SqFtStyleSingle Family ResidenceYear Built1959CountyMONTEREYAPN173-031-013-000Fireplace TypeHas Fireplace

Schools near 43 Laureles Grade

This home is within Washington Union Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Toro Park Elementary School
PublicK to 3

Washington Elementary School
Public4 to 5

San Benancio Middle School
Public6 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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43 Laureles Grade is for sale in Salinas, CA 93908. This property was listed for sale on November 15, 2024 by Villa Nueva Properties, it's currently listed at $2,250,000. It has been on the market for a total of 2 days and was last sold on August 4, 2020. This listing's school districts are Washington Union Elementary School District, Salinas Union High School District. Nearby schools include Toro Park Elementary School, Washington Elementary School and San Benancio Middle School. 43 Laureles Grade is a 0-bed, 0-bath, 2,843 sqft built in 1959.

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 Villa Nueva Properties, Joe Villanueva, DRE #01715260

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.