, Salinas, California 93905, Salinas, 93905 - 3 bed, 2 bath
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Salinas, California 93905
Analysis of , Salinas, California 93905 is currently available with a list price of $148,999. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. Located in a high-demand neighborhood within the Salinas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1960 with no evidence of recent renovations, the property shows significant deferred maintenance. The kitchen and bathrooms are severely outdated, flooring is worn, and the listing explicitly states it 'needs some work' and is being sold 'as-is,' indicating a need for substantial rehabilitation.
The property is specifically marketed toward investors, offering significant upside potential for those looking to renovate and add value in a competitive market.
Featuring built-in tenants, this residence provides an immediate cash flow stream for a landlord, eliminating the initial marketing and vacancy costs associated with finding new occupants.
At a list price of $148,999 for a 3-bedroom single-family home, this property represents an exceptionally low entry point into the California real estate market.
Being a short sale, the transaction is subject to lender approval, which often involves prolonged timelines and more complex negotiations than a standard sale.
The property is sold in 'as-is' condition and explicitly requires work, indicating that the buyer will need to budget for immediate repairs and modernization.
SHORT SALE, BUYER TO VEFIFY ALL INFORMATION, GREAT FOR INVESTORS AND RENTAL PROPERTY WITH BUILT-IN TENANTS. AS-IS, LOTS OF POTENTIALS, NEEDS SOME WORK.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,300 | 1,290 | 52% |
| Lot Size | 5,293 | 5,784 | 33% |
| Price | $149.0K | $670.0K | 4% |
| Price per sq ft | $115 | $501 | 4% |
| Built year | 1960 | 1978 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 4199 | 160 | 0% |
Oct 23, 2014
$148,999
Initial Listing