, Salinas, California 93905, Salinas, 93905 - 3 bed, 2 bath
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Salinas, California 93905
ACTIVE UNDER CONTRACT
CONDITION: POOR
3Beds
2Baths
1,300Sq Ft
5,293Lot Size
Property Price
LIST PRICE$148,999
SUMMARY
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Poor
TeardownExcellent
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 The kitchen and bathrooms are severely outdated, flooring is worn, and the listing explicitly states it 'needs some work' and is being sold 'as-is,' indicating a need for substantial rehabilitation.
PROSSTRENGTHS & OPPORTUNITIES
- Investment Opportunity
The property is specifically marketed toward investors, offering significant upside potential for those looking to renovate and add value in a competitive market.
- Immediate Rental Income
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.
- Competitive Entry Price
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.
CONSRISKS & DEFICIENCIES
- Short Sale Complexity
Being a short sale, the transaction is subject to lender approval, which often involves prolonged timelines and more complex negotiations than a standard sale.
- Deferred Maintenance
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.
About
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 5,293 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,300 | 1,582.189 |
| Lot Size | 5,293 | 6,844.911 |
| Price | $149.0K | $805.1K |
| Price per sq ft | $115 | $518 |
| Built year | 1960 | 1974 |
| HOA | $0 | $210 |
| Days on market | 4384 | 45 |
Pricing History
Listed for Sale
Oct 23, 2014
$148,999
Initial Listing