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Listed by ConnieJo Stubblefield • RE/MAX Empire Properties
$ 1,398,000
Est. payment /mo
Active
50 & 54 Katherine Avenue Salinas, CA 93901
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $699
MLS Listing ID ML82013810
HOA Y/N No
Year Built 1928
Lot Size 0.278 Acres
Property Sub-Type OTHER
Source Datashare MLSListings
Property Description
50 & 54 Katherine Ave, Salinas, CA 93901. Rare opportunity to purchase two separate legal parcels, each with its own single-family home, side by side in desirable South Salinas. Both homes have separate water, gas, and electric meters and are currently rented at market rents with professional property management in place, generating a combined monthly income of $4,995. The City of Salinas confirms that each parcel qualifies for an ADUallowing future owners to convert garages or rear space to add a second unit to both properties (buyer to verify). This creates significant potential to increase rental income and build equity over time. Perfect for investors seeking stable, income-producing properties. The step-up in tax basis has already been completed, minimizing the risk of a large supplemental tax bill. Please do not disturb tenants or visit the property without an appointment.
Location
State CA
County Monterey
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Fireplace No
Exterior
View Downtown
Building
Lot Description Rectangular Lot
Schools
School District Salinas Union High, Salinas City Elementary
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