
Salinas, California 93901
This property presents a High-Potential Investment Opportunity with a List Price of $699,900—positioned well below the $683,890 Fair Market Value by -2%. While the home maintains a Condition Rating of 5, its original 1965 architecture and single-story layout offer a blank canvas for modernization. The large lot and desirable South Salinas location provide a stable foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity through strategic cosmetic updates and interior modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1049 W Alisal Street Subject 3 bd · 2 ba · 1,500 sqft · $456 | $699,900* List Price | 3 | 2 | 1,500 | $456 | - |
A 178 Del Mar Drive Sold 3 bd · 2 ba · 1,363 sqft · $499 · 0.9 mi | $680,000 | 3 | 2 | 1,363 | $499 | 0.9 mi |
B 631 W Alisal Street Sold 4 bd · 3 ba · 1,723 sqft · $461 · 0.5 mi | $795,000 | 4 | 3 | 1,723 | $461 | 0.5 mi |
C 311 Amherst Drive Sold 2 bd · 2 ba · 1,443 sqft · $527 · 0.6 mi | $760,000 | 2 | 2 | 1,443 | $527 | 0.6 mi |
D 640 Park Street Sold 3 bd · 2 ba · 1,672 sqft · $484 · 0.8 mi | $810,000 | 3 | 2 | 1,672 | $484 | 0.8 mi |
E 333 West Street Sold 2 bd · 1 ba · 1,286 sqft · $560 · 0.9 mi | $720,000 | 2 | 1 | 1,286 | $560 | 0.9 mi |
F 51 Nacional Street Sold 2 bd · 1 ba · 1,097 sqft · $592 · 0.9 mi | $649,500 | 2 | 1 | 1,097 | $592 | 0.9 mi |
G 945 San Simeon Drive Active 3 bd · 2 ba · 1,387 sqft · $577 · 0.3 mi | $799,998 List Price | 3 | 2 | 1,387 | $577 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1965 and maintained by the original owner, the property is nearly 60 years old with no evidence of major renovations. While clean, the kitchen and bathrooms are significantly dated, and the interior features original wallpaper and flooring, indicating a need for a full rehab and likely system updates.
Situated in a sought-after neighborhood close to top-rated schools and shopping, this property offers a prime location that typically commands strong resale value.
Held by a single owner since 1965 and meticulously maintained, the home suggests a level of care and structural reliability that is rare in the current market.
The single-story floorplan features distinct formal living and family rooms, providing a versatile and traditional flow that maximizes the 1,500 square feet of living space.
Given the long-term original ownership, the interior likely requires significant cosmetic updates to the kitchen, bathrooms, and flooring to meet contemporary aesthetic standards.
At 1,500 square feet, the home may feel restrictive for larger families or those accustomed to the expansive open-concept designs found in newer constructions.
A great single story in South Salinas located close to shopping and schools. One owner since 1965 and lovingly taken cared for. This one is that classic floorplan with separate formal living room and also a cozy family room. Large yard with lots of space and a lemon tree. Priced to move fast for the lucky new owner.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,500 | 1,582.189 |
| Lot Size | 6,600 | 6,844.911 |
| Price | $699.9K | $805.1K |
| Price per sq ft | $467 | $518 |
| Built year | 1965 | 1974 |
| HOA | $0 | $210 |
| Days on market | 9 | 45 |
Oct 15, 2026
$699,900
Initial Listing