117 Magnolia Drive, Salinas, California 93905, Salinas, 93905 - 3 bed, 2 bath
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Salinas, California 93905
This property represents a High-Potential Investment Opportunity, listed at a List Price of $749,000—positioned slightly above the $739,304 Fair Market Value. While the price reflects current market stability, the Condition Rating of 4 highlights significant value-add potential through modernization. Featuring a Generous 7,900 sqft Lot and a versatile Enclosed Patio, the home offers a solid foundation for forced appreciation. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants looking to leverage the large lot for future expansion or ADU development.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 117 Magnolia Drive Subject | $674,000* List Price | 3 | 2 | 1,273 | $533 | - |
A 83 83 Beverly Dr Sold | $634,000 | 3 | 1 | 1,061 | $598 | 0.3 mi |
B 56 Pearl Street Pending | $499,000 List Price | 3 | 1 | 1,310 | $381 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1958, the property shows signs of partial updates such as granite countertops and stainless steel appliances, but retains dated cabinetry, older tile flooring, and original architectural elements. It appears well-maintained but exceeds the 20-year threshold for modern standards, requiring cosmetic and system updates.
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 boasts a substantial 7,900 square foot lot, providing a large backyard that offers significant potential for outdoor entertaining, gardening, or the addition of an Accessory Dwelling Unit (ADU).
Ideally situated for convenience, the home offers easy access to major freeways and local shopping centers, making it a highly practical location for commuters and busy households.
With only 1.5 bathrooms serving three bedrooms, the layout may present a challenge for larger families or those accustomed to the modern standard of two full bathrooms.
Built in 1958, the property may require capital improvements or modernization of its original systems and finishes to meet current energy efficiency and aesthetic standards.
Located in Salinas, this home offers 1,273 square feet of living space on a 7,900 square foot lot. The property features 3 bedrooms and 1.5 bathrooms. The interior includes a dining area and a separate family room, providing distinct spaces for dining and relaxation. Heating is provided by an alternative system, and there is no cooling installed. The home includes a two-car garage for parking and storage. This residence is part of the Salinas City Elementary school district.
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 | 1,273 | 1,621 |
| Lot Size | 7,900 | 7,100 |
| Price | $674.0K | $803.5K |
| Price per sq ft | $529 | $520 |
| Built year | 1958 | 1970 |
| HOA | $0 | $243 |
| Days on market | 69 | 45 |
Jul 11, 2026
$674,000
$695,000
-3% Price Drop
Initial Listing
Jun 24, 2026
$695,000
$724,000
-4% Price Drop
Initial Listing
Jun 12, 2026
$724,000
$749,000
-3% Price Drop
Initial Listing
May 14, 2026
$749,000
Initial Listing