5-9 Gardenia Drive

Salinas, CA 93906

$1,699,000
Price
Beds
4,930 Sq. Ft.
$345 / Sq. Ft.
4,930
Sq. Ft.
$345
per Sq. Ft.

Description

5 & 9 Gardenia is a six-unit complex in North Salinas near the Fairgrounds. This complex features a duplex with two one-bedroom units above the carport and a four-unit building with two bedrooms and one and a half bathrooms. 9 Gardenia units have fenced backyard patios. ADUs are potentially possible in the carport. There is an onsite laundry facility.5 & 9 Gardenia is a six-unit complex in North Salinas near the Fairgrounds. This complex features a duplex with two one-bedroom units above the carport and a four-unit building with two bedrooms and one and a half bathrooms. 9 Gardenia units have fenced backyard patios. ADUs are potentially possible in the carport. There is an onsite laundry facility.
  1. Listed by Hap Albers • DRE #01006595 • Brokerage DRE #01006595 • Albers Real Estate Investment Company • 831-372-1922

Property Details for 5-9 Gardenia Drive

MLS City Name
SALINAS
Building Type
Other
Garage Spaces
0
Parking Spaces
5
Cross Street
West Bernal
LISTING UPDATED: 10/11/2024 10:45 AM

Property Details for 5-9 Gardenia Drive

StatusActive
MLS #ML81983466
Days on Compass6
Taxes$19,674 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1974
Lot Size0.24 AC / 10,299 SF
CountyMonterey County

Building Information for 5-9 Gardenia Drive

Stories-Residences-Year Built1974Building Size-Lot Size0.24 AC / 10,299 SF

Property Information for 5-9 Gardenia Drive

Features
Room Information
  • Kitchen: Cooktop - Electric, Countertop - Tile, Exhaust Fan, Refrigerator
Features
  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl / Linoleum
  • Laundry: Coin Operated
  • Living SqFt: 4930
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Gas, Wall Furnace
  • Meters: Master Water, Separate Common Area, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Irrigation Connected
Carport and Parking
  • Carport Min: 5
Garage
  • Garage and Parking: Carport, Off-Street Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Northgate/Sherwood Gardens, Santa Rita
  • Restrictions: None
  • Roof: Composition
  • Subclass: Five or More Units
  • Year Built Source: Assessor
  • Street Number: 5 & 9
  • Street Name: Gardenia
  • Street Suffix: Drive
  • Area ID: 60
Lot / Property Details
Building Information
  • Number of Buildings: 2
  • Structure SqFt: 4930
  • Structure SqFt Source: Assessor
  • Age: 50
Development Information
  • Construction Type: Wood Frame
  • Ownership Type: Individual
  • Zoning Detail: R-H-2.1 Residential High Density
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 003-631-001-000
  • 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
  • Lot Acres: .24
  • 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: $19,674
  • Capitalization Rate: 4.62
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $5,608
  • Expense Landscape: $1,200
  • Expense Maintenance: $6,000
  • Expense Management: $8,092
  • Expense Trash: $7,860
  • Expenses Other: $1,500
  • Expenses Utility: $6,454
  • Expenses Total: $56,388
  • Operating Expenses Include: Fee - Property Management, Insurance, Maintenance - Repair, Reserve Fund, Services - Gardener, Services - Sewer, Services - Trash Removal, Utilities - Hot Water, Utilities - Water, Vacancy Factor
  • Gross Rent Multiplier: 12.23
  • Income Annual Gross: $137,100
  • Income Annual Rental: $137,100
  • Income Gross Scheduled: $138,972
  • Income Other: $1,872
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
  • Unit 1 Rent: $1,500
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Half Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,950

Property History for 5-9 Gardenia Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5-9 Gardenia 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
Roosevelt Elementary School
PublicK to 6

Laurel Wood 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.

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5-9 Gardenia Drive is for sale in Salinas, CA 93906. This property was listed for sale on October 11, 2024 by Albers Real Estate Investment Company, it's currently listed at $1,699,000. This listing's school districts are Salinas Union High School District, Salinas City Elementary School District. Nearby schools include Roosevelt Elementary School, Laurel Wood Elementary School and Harden Middle School. 5-9 Gardenia Drive is a 0-bed, 0-bath, 4,930 sqft built in 1974.

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 Albers Real Estate Investment Company, Hap Albers, DRE #01006595

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.