516 Riker Street

Salinas, CA 93901

$849,000
Price
Beds
2,056 Sq. Ft.
$413 / Sq. Ft.
2,056
Sq. Ft.
$413
per Sq. Ft.

Description

Charm and character in this three-bedroom home, with wood flooring, fireplace and formal dining room. There is also a separate two-bedroom apartment above the four-car garage which was built around 1985. Each tenant has their own laundry, and there are also separate gas and electric meters. Great south Salinas location.Charm and character in this three-bedroom home, with wood flooring, fireplace and formal dining room. There is also a separate two-bedroom apartment above the four-car garage which was built around 1985. Each tenant has their own laundry, and there are also separate gas and electric meters. Great south Salinas location.
  1. Listed by Joy Welch • DRE #00902236 • Brokerage DRE #01908304 • Coldwell Banker Realty • 831-214-0105

Property Details for 516 Riker Street

MLS City Name
SALINAS
Building Type
DUPLEX
Garage Spaces
4
Parking Spaces
0
Cross Street
Clay
LISTING UPDATED: 11/12/2024 03:37 PM

Property Details for 516 Riker Street

StatusActive
MLS #ML81986421
Days on Compass4
Taxes$8,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / DUPLEX
Year Built1930
Lot Size0.15 AC / 6,500 SF
CountyMonterey County

Building Information for 516 Riker Street

Stories1Residences2Year Built1930Building Size-Lot Size0.15 AC / 6,500 SF

Property Information for 516 Riker Street

Features
Features
  • Fireplace: No
  • Flooring: Carpet, Hardwood, Tile, Vinyl / Linoleum
  • Laundry: Washer / Dryer
  • Living SqFt: 2056
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Floor Furnace, Wall Furnace
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: Attached Garage, Detached Garage, Gate / Door Opener, Off-Street Parking, On Street, Room for Oversized Vehicle
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Mission Park
  • Roof: Composition
  • Subclass: Duplex
  • Year Built Source: Assessor
  • Street Number: 516
  • Street Name: Riker
  • Street Suffix: Street
  • Area ID: 71
Lot / Property Details
Building Information
  • Number Of Stories: 1
  • Number of Buildings: 2
  • Structure SqFt: 2056
  • Structure SqFt Source: Assessor
  • Age: 94
Development Information
  • Zoning Detail: R-M-2.9 Residential medium density
Location Information
  • City Limits: Yes
  • Incorporated: Yes
  • Parcel Number: 002-411-016-000
  • 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
  • Horse Property: No
  • 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: 0
General Information
  • Annual Tax Amount: $8,000
  • Building Unit Total: 2
  • Capitalization Rate: 5.06
  • Tenant Expenses: Services - Trash Removal, Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $1,200
  • Expense Landscape: $1,080
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $0
  • Expenses Other: $0
  • Expenses Utility: $2,000
  • Expenses Total: $12,280
  • Operating Expenses Include: Services - Gardener, Services - Sewer, Utilities - Water
  • Gross Rent Multiplier: 15.38
  • Income Annual Gross: $55,200
  • Income Annual Rental: $55,200
  • Income Gross Scheduled: $55,200
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 3
  • Unit 1 Rent: $2,850
Unit 2 Information
  • Unit 2 Approx Square Footage: 850
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Rent: $1,750
Unit Type 1
  • Unit Type1 Approx SqFt: 1200

Property History for 516 Riker Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 516 Riker Street

Taxable ValueLand$407,434Additions$278,770Total$686,204
Tax Record2023$7,751 ($646 / month)
Home Facts
Baths2Total Finished SqFt1,194 SqFtAbove Grade Finished SqFt1,194 SqFtStories1Lot Size6,500 SqFtStyleDuplexYear Built1930CountyMONTEREYAPN002-411-016-000Fireplace TypeHas Fireplace

Schools near 516 Riker 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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516 Riker Street is a multi-family home for sale in Salinas, CA 93901. This property was listed for sale on November 12, 2024 by Coldwell Banker Realty, it's currently listed at $849,000. It has been on the market for a total of 4 days and was last sold on November 11, 2019. 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. 516 Riker Street is a 0-bed, 0-bath, 2,056 sqft multi-family home built in 1930.

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Listing Courtesy of Coldwell Banker Realty, Joy Welch, DRE #00902236

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