1103 Sherman Drive, Salinas, California 93907, Salinas, 93907 - 3 bed, 2 bath
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Salinas, California 93907
This Value-Add Residential Asset is listed at $650,000, currently positioned above its $592,720 Fair Market Value. Holding a Condition Rating of 4, the property presents a clear opportunity for modernization to capture rising rental demand in a Prime North Salinas Location. The home offers No HOA Fees, a 2-Car Garage, and proximity to North Salinas High School and Laurel Wood Elementary. This property serves as a functional acquisition for Buy-and-Hold Investors or Contractors seeking to build equity through strategic renovations in a high-traffic commuter corridor.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1103 Sherman Drive Subject | $650,000* List Price | 3 | 2 | 1,170 | $507 | - |
A 561 Powell Street Sold | $658,000 | 3 | 2 | 1,243 | $529 | 0.6 mi |
B 549 Powell Street Sold | $664,000 | 3 | 2 | 1,248 | $532 | 0.6 mi |
C 515 Stockton Street Sold | $680,000 | 3 | 2 | 1,243 | $547 | 0.6 mi |
D 1139 Sherman Drive Sold | $550,000 | 2 | 1 | 985 | $558 | 0.1 mi |
E 424 Brighton Street Sold | $660,000 | 3 | 2 | 1,478 | $447 | 0.6 mi |
F 1075 Sherman Drive Active Under Contract | $659,000 List Price | 3 | 2 | 1,170 | $563 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979, this property shows signs of its age with dated exterior styling and visible cracking in the concrete driveway. The listing description lacks mention of any recent renovations or upgrades to major systems, and the absence of interior photos typically suggests the kitchen and bathrooms are in original or dated condition. Marketed as an 'opportunity' for investors, it likely requires cosmetic updates and modernization to meet current quality standards.
Situated in a highly desirable North Salinas neighborhood with excellent proximity to Highway 101, local schools, and major shopping centers.
The property is free from Homeowners Association fees, providing the owner with greater financial flexibility and fewer property restrictions.
With a functional 3-bedroom, 2-bathroom layout and a 2-car garage, the home is well-suited for both first-time homebuyers and investors seeking rental potential.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =3403, other record lot size in square feet = 7000.
The property has been active for 114 days, which, combined with a recent price reduction, may indicate challenges in meeting current market value expectations.
At 1,170 square feet, the interior living space is relatively small for a three-bedroom residence, which may limit appeal for families requiring more room.
Discover this fantastic opportunity for first-time homebuyers and investors alike! This charming single-family home features 3 spacious bedrooms, 2 full bathrooms, and a convenient 2-car garage, all within approximately 1,170 sq ft of living space. Built in 1979, it sits on a good size lot with room for outdoor enjoyment and gardening. Perfectly positioned in a highly desirable North Salinas neighborhood, you're just minutes from local schools, shopping centers, restaurants, entertainment options, and easy access to Highway 101 for commuting. Whether you're starting out or seeking a solid investment property with strong value and rental potential, this home delivers comfort, convenience, and endless possibilities without any HOA fees!!
No exterior & parking available.
Grades K-6 • 0.4 mi
Grades K-6 • 0.5 mi
Grades K-6 • 1.4 mi
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 | 1,170 | 1,789 | 7% |
| Lot Size | 3,403 | 43,560 | 7% |
| Price | $650.0K | $867.5K | 10% |
| Price per sq ft | $556 | $514 | 71% |
| Built year | 1979 | 1979 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 121 | 200 | 29% |
Mar 10, 2026
$650,000
Initial Listing
Dec 22, 2025
$675,000
Initial Listing
Aug 8, 1997
$126,500
Public Record