117 Magnolia Drive, Salinas, California 93905, Salinas, 93905 - 3 bed, 2 bath
Loading property details...
Salinas, California 93905
This property presents a High-Potential Investment Opportunity with a List Price of $749,000—positioned well above the $646,028 Fair Market Value by 15%. While the property requires a full rehab due to its Fair Condition Rating, the 7,900 sqft lot offers significant upside for an ADU addition. The home features a versatile family room and enclosed patio, providing a functional layout for future tenants. This is a strategic acquisition for Buy-and-Hold Investors or Contractors focused on long-term value-add projects in a commuter-friendly location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 117 Magnolia Drive Subject | $749,000* List Price | 3 | 2 | 1,273 | $507 | - |
A 61 Beverly Drive Sold | $532,000 | 3 | 1 | 1,061 | $501 | 0.2 mi |
B 83 83 Beverly Dr Sold | $634,000 | 3 | 1 | 1,061 | $598 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1958 (66 years old) and the listing lacks any mention of recent renovations to the kitchen, bathrooms, or major systems (HVAC/Electric). Based on the age and the visible deferred maintenance on the exterior, such as the significantly cracked driveway, the home likely requires a full rehab to meet modern safety and functional standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7900, living area = 1273.
The property sits on a substantial 7,900 sqft lot, offering significant outdoor space for recreation, gardening, or the potential addition of an Accessory Dwelling Unit (ADU).
Conveniently located with easy access to major freeways and shopping centers, this home is ideal for commuters and those prioritizing proximity to local amenities.
Constructed in 1958, the home may require updates to its original systems and cosmetic finishes to align with modern energy efficiency and design standards.
The 1.5-bath layout may be a drawback for growing families or buyers specifically looking for two full bathrooms to accommodate a busy household.
3 bedroom 1.5 bath, family room an extra room or enclosed patio and a big back yard easy access to freeway and shopping centers.
No exterior & parking available.
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 | 1,273 | 1,277.5 | 50% |
| Lot Size | 7,900 | 6,050 | 85% |
| Price | $749.0K | $672.5K | 65% |
| Price per sq ft | $588 | $542 | 62% |
| Built year | 1958 | 1967 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 23 | 126 | 8% |
May 14, 2026
$749,000
Initial Listing