1069 University Avenue, Salinas, California 93901, Salinas, 93901 - 3 bed, 2 bath
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1069 University Avenue
Salinas, California 93901
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,500Sq Ft
7,100Lot Size
Property Price
LIST PRICE$824,000
EST. MARKET VALUE
$787,936
4% AboveMARKET VALUE
SUMMARY
This property presents a High-Potential Investment Opportunity with a List Price of $849,000—positioned well below the $802,341 Fair Market Value by -5%. While the property is currently priced above market, its Condition Rating of 4 and status as an original-owner home offer significant potential for forced appreciation through cosmetic modernization. Featuring a Generous 7,100 sqft Corner Lot, a Deck, and a Patio, this asset provides a solid foundation for value-add renovations. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity.
Estimated Market Value
$787,936
Based on Realkey algorithm analyzing recent comparable sales in Salinas.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1069 University Avenue Subject 3 bd · 2 ba · 1,500 sqft · $525 | $824,000* List Price | 3 | 2 | 1,500 | $525 | - |
A 806 Columbia Avenue Sold 3 bd · 2 ba · 1,160 sqft · $642 · 0.4 mi | $745,000 | 3 | 2 | 1,160 | $642 | 0.4 mi |
B 631 W Alisal Street Sold 4 bd · 3 ba · 1,723 sqft · $461 · 0.6 mi | $795,000 | 4 | 3 | 1,723 | $461 | 0.6 mi |
C 311 Amherst Drive Sold 2 bd · 2 ba · 1,443 sqft · $527 · 0.7 mi | $760,000 | 2 | 2 | 1,443 | $527 | 0.7 mi |
D 782 Fairfax Drive Sold 3 bd · 2 ba · 1,276 sqft · $627 · 0.4 mi | $800,000 | 3 | 2 | 1,276 | $627 | 0.4 mi |
E 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 |
F 710 Campus Avenue Sold 4 bd · 2 ba · 1,661 sqft · $450 · 0.5 mi | $748,000 | 4 | 2 | 1,661 | $450 | 0.5 mi |
G 945 San Simeon Drive Active 3 bd · 2 ba · 1,387 sqft · $577 · 0.2 mi | $799,998 List Price | 3 | 2 | 1,387 | $577 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1965 and held by original owners, the property is in clean, functional condition but is significantly dated. The kitchen features original-style wood cabinetry and older linoleum flooring, and the interior finishes like wallpaper and lighting are well beyond the 20-year mark, necessitating cosmetic updates and likely system modernizations.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7100, living area = 1500.
- Prime Corner Lot
Situated on a generous 7,100 sqft corner lot, the property boasts significant curb appeal and extra outdoor space in a desirable neighborhood with wide streets.
- Strategic Location
The home offers excellent accessibility to Highway 101 and the Monterey Peninsula, making it an ideal location for commuters seeking convenience.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Given the 1965 construction and original ownership, the interior likely requires cosmetic updates and system modernizations to meet current market standards.
- Modest School Ratings
The assigned local schools, including the nearby elementary school with a rating of 3, may be a drawback for families prioritizing high-ranking educational districts.
About 1069 University Avenue
WHAT?!?! ANOTHER PRICE IMPROVEMENT! SELLERS ARE MOTIVATED. Original owners, Welcome to this 3 Bedroom 2 Full Bathroom 2 Car Garage on a Generous Corner Lot. Huge Curb Appeal Wide neighborhood streets with easy access to The Peninsula and Highway 101.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1965
- Lot Size
- 7,100 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
Salinas Unified Schools
University Park Elementary School
Grades K-6 • 0.2 mi
3/10
Mission Park Elementary School
Grades K-6 • 0.8 mi
4/10
Lincoln Elementary School
Grades K-6 • 1.7 mi
6/10
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 | 1,500 | 1,582.189 |
| Lot Size | 7,100 | 6,844.911 |
| Price | $824.0K | $805.1K |
| Price per sq ft | $549 | $518 |
| Built year | 1965 | 1974 |
| HOA | $0 | $210 |
| Days on market | 19 | 45 |
Pricing History
Listed for Sale
Oct 21, 2026
$824,000
$829,000
-1% Price Drop
Initial Listing
Price Change
Oct 16, 2026
$829,000
$849,000
-2% Price Drop
Initial Listing
Price Change
Oct 5, 2026
$849,000
Initial Listing