1067 Padre Drive 2, Salinas, California 93901, Salinas, 93901 - 2 bed, 2 bath
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Salinas, California 93901
This Ground-Floor Condominium is a Prime Investment Opportunity with a List Price of $525,000—positioned well below the $539,000 Fair Market Value by 2%. This valuation gap provides $14,000 in Instant Equity. While maintaining a Well-Maintained Condition Rating, the interior offers significant upside through cosmetic modernization of the galley kitchen and baths. Featuring three private patios and a rare single-level layout, the home balances lifestyle convenience with walkable access to local amenities. This is an ideal acquisition for first-time buyers or Owner-Occupants seeking a low-maintenance value-add property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1067 Padre Drive 2 Subject | $525,000* List Price | 2 | 2 | 1,181 | $456 | - |
A 1051 Riker Street 5 Sold | $532,000 | 2 | 1 | 936 | $568 | 0.2 mi |
B 1055 Padre Drive 2 Active Under Contract | $465,000 List Price | 2 | 1 | 952 | $488 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1981, this condo is well-maintained and move-in ready but remains largely in its original or dated state. The kitchen features older oak cabinetry and basic black appliances, and the bathrooms show dated tile work and fixtures. While the virtual staging provides a modern feel, the underlying components—including the flooring, light fixtures, and galley kitchen layout—show signs of being outdated and would require cosmetic modernization to meet current 'excellent' or 'good' standards.
This rare single-level, ground-floor unit offers exceptional convenience and accessibility, making it an ideal choice for downsizers or buyers seeking a low-maintenance lifestyle without stairs.
Featuring three private patios, the property provides an unusual amount of outdoor space for a condominium, perfect for gardening, relaxation, and seamless indoor-outdoor entertaining.
Situated within walking distance to grocery stores, restaurants, and local amenities, this home offers a highly convenient urban lifestyle in a desirable Salinas neighborhood.
The monthly HOA fee of $595 is a significant recurring expense that may impact the overall affordability and debt-to-income ratio for some prospective buyers.
Built in 1981 and featuring virtually staged photos, the property may require cosmetic updates or modernization to meet contemporary aesthetic standards and maximize its market value.
Welcome to 1067 Padre Drive #2 in Salinas a rare ground-floor 2 bed, 2 bath condo designed for comfort and convenience. Enjoy easy single-level living with a spacious family room that includes a fire place, a galley kitchen, dining area, a dedicated laundry room, walk-in pantry, and a smart, functional layout that feels both spacious and inviting. The two bedrooms are both generous in size and include a sliding glass door that leads to a sunny patio. Step outside to not one, but three private patios perfect for morning coffee, container gardening, or relaxing evenings under the stars. A detached garage adds secure parking and extra storage. Best of all, you're just minutes away from everyday essentials and local favorites. You are walking distance to restaurants, grocery stores, and more. Whether you're a first-time buyer, downsizing, or looking for a low-maintenance home in a prime location, this condo checks the boxes! *Photos have been virtually staged.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.0 | 60% |
| Square foot | 1,181 | 870 | 80% |
| Lot Size | - | - | 50% |
| Price | $525.0K | $475.0K | 60% |
| Price per sq ft | $445 | $568 | 40% |
| Built year | 1981 | 1983 | 20% |
| HOA | $595.0 | $350 | 80% |
| Days on market | 66 | 155 | 20% |
Apr 8, 2026
$525,000
$539,000
-3% Price Drop
Initial Listing
Feb 15, 2026
$539,000
Initial Listing
May 12, 2015
$335,000
Public Record
Nov 17, 2006
$460,000
Public Record
Aug 30, 2002
$275,000
Public Record
Dec 28, 2001
$249,000
Public Record