1140 E Market Street, Salinas, CA 93905

$899,000 Asking Price

3 beds
3 baths
1,440  sqft
Built in 1940

Inlaws, contractors, storage, & mortgages. Very unique offering features a two-bedroom / one-bathroom 942 sq. ft home, a newly remodeled one-bedroom/one-bathroom 498 sq. ft unit, and an 800+ square foot garage/workshop with a half bathroom. The garage is perfect for storing cars, contractors, rental income, or a home workshop -many possibilities. There is a roll-up door and 12 ft.+ ceilings. The house has a separate living room, dining room, eat-in kitchen, and laundry room. The bathroom has floor-to-ceiling shower tile and has been updated. The kitchen is spacious and has a natural gas stove /oven with a vent hood. The house has a patio with a cement floor and stucco walls for privacy. There is a secondary yard, which is fenced, gated, and wraps around the entire property. The second unit: The apartment unit has been newly remodeled - no one has lived in it since it was finished. The unit features LVP flooring and a new kitchen with stainless steel appliances and quartz cabinets. The bathroom was also remodeled. Mortgage & Rents: At $1500/month=$18,000 @ 6% interest = the apartment rent covers $240,000+ in mortgage interest. Almost all windows are vinyl. Electric panels are newer - Square D. Roof was installed in 2017.


Features & Amenities

Interior

General:
Workshop
Flooring:
Tile
A/C:
true, None
Heating:
true, Forced Air,Wall Furnace

Exterior

Parking:
Off Street, Parking spaces: 3

Construction

Roofing:
Composition
General:
1, Concrete Perimeter

Location

Originating MLS:
CRMLS
School District:
Other
County:
Monterey

Lot

Zoning:
R-L-5.5, 004163014000

Financial

Source:
CRMLS

This listing courtesy of:
Albers Real Estate Investment Company, Hap Albers

About Salinas, CA

Housing

Number of Units
59,942
Median Home Value
$527,037
Median Rent
$1,384

46.69% of housing units are renter occupied.

3.23% are vacant.

Commute

Car
73.82%
Public Transportation
0.80%
Walk to Work
0.89%
Work from Home
15.42%
Other
8.94%

The median travel time to work is 23 minutes.

People

Population
200,124
Median Age
32.60
Median Household Size
3.66

Education

High School
21.44%
Associate’s Degree
7.85%
Bachelor’s Degree
12.94%
Graduate Degree
6.57%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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